Creststreet Completes Closing of its 2007 Flow-Through Offering Raising $58 Million



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES./

    TORONTO, June 29 /CNW/ - Creststreet today announced that it has
completed the third closing of its public offering of Creststreet 2007 Limited
Partnership units, raising an aggregate total of $58,570,610 for investment in
flow-through shares of Canadian resource companies. The Partnership's
investment focus is primarily on companies involved in natural gas exploration
and development. Creststreet expects investors to receive tax deductions equal
to 100% of the amount invested for the 2007 taxation year.
    The offering was made through a syndicate of investment dealers co-led by
Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc. and RBC
Dominion Securities Inc., and includes National Bank Financial Inc., TD
Securities Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc.,
GMP Securities L.P., Orion Securities Inc., Peters & Co. Limited, Raymond
James Ltd. and Tristone Capital Inc.

    About Creststreet

    Creststreet is an investment management firm specializing in structuring
and managing high quality energy focused investment products for Canadian and
international institutional and high net worth investors. Since its inception
in 2000, Creststreet has raised over $790 million for investment in resource
and renewable energy companies.





For further information:

For further information: Grant Bunker, VP Business Development,
Creststreet Capital Corporation, Tel: (416) 628-2161, E-mail:
gbunker@creststreet.com

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CRESTSTREET 2007 LP

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