Creststreet Launches Renewable Energy Focused Mutual Fund Class: The Alternative Energy Fund



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

    TORONTO, Dec. 18 /CNW/ - Creststreet Mutual Funds Limited ("Creststreet
Mutual Funds") is pleased to announce the launch of a new fund class, the
Creststreet Alternative Energy Fund (the "Fund"), focused on investing in the
renewable energy sector. All classes of Creststreet Mutual Funds are RRSP
eligible.
    The Creststreet Alternative Energy Fund's objective is to provide
investors with long-term growth of capital in excess of the total return of
the S&P 500, while offering portfolio diversification in an emerging high
growth asset class. The Creststreet Alternative Energy Fund will invest
primarily in securities of companies whose businesses exploit opportunities to
generate energy beyond North America's traditional dependence on high carbon
emitting sources of supply. The Fund will seek investments that offer value by
way of strong current earnings potential along with above average near term
growth, while conservatively managing value at risk through exposure to large
and established business that fall within the Fund's mandate.

    The Fund Code for the Creststreet Alternative Energy Fund is CAM400.
Please refer to the Creststreet website, www.creststreet.com or Sedar,
www.sedar.com, to view the simplified prospectus and annual information form
for the Creststreet Alternative Energy Fund.

    Tax Deferred Switching between Fund Classes

    Creststreet Mutual Funds Limited offers three additional fund classes;
the Creststreet Resource Fund (CAM100), the Creststreet Managed Income Fund
(CAM200) and the Creststreet Managed Equity Index Fund (CAM300). Investors can
switch shares from one Fund to another on a tax-deferred "rollover" basis
where the event will not result in a capital gain or loss and the adjusted
cost base of the shares of the new Fund acquired on the switch will be equal
to the adjusted cost base of the shares switched from the former Fund.

    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 $935 million for investment in resource
and renewable energy companies.





For further information:

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

Organization Profile

Creststreet Mutual Funds Limited

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CRESTSTREET ALTERNATIVE ENERGY FUND

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