Front Street Flow-Through 2007-I Limited Partnership Rollover and Dissolution



    TORONTO, Jan. 9 /CNW/ - Front Street Flow-Through 2007-I Limited
Partnership (the "Partnership") announced that it will be proceeding with the
direct and indirect tax-deferred transfer of the assets of the Partnership
(the "Mutual Fund Rollover Transaction") into the Front Street Resource Fund
class of Front Street Mutual Funds Limited (the "Rollover Fund"). The
transaction will take place on February 2, 2009 after the close of business.
In exchange for the assets, Rollover Fund Series B Shares will be issued to
the Partnership and then distributed to individual limited partners. The
Partnership will be dissolved on or about February 4, 2009.

    Redemption Option: Series B Shares are in book entry only form.
Consequently, limited partners of the Partnership who want to redeem their
Series B Shares must contact their brokers or dealers to exercise the
redemption option. When shares are redeemed, the Rollover Fund will send the
shareholder the proceeds within three business days after the calculation date
for the net asset value used in establishing the redemption price. The Series
B Shares issued under the Mutual Fund Rollover Transaction will be able to be
redeemed through FundServ as soon as possible after the rollover, once the
individual holders' investment advisor has reconciled the positions with
FundServ.

    The Rollover Fund: The Rollover Fund is a fund class of Front Street
Mutual Funds Limited which is a mutual fund corporation incorporated under the
laws of Canada, with Gary Selke as its Chief Executive Officer. Its head
office is located at 33 Yonge Street, Suite 600, Toronto, Ontario. Rollover
Fund securities are sold under a continuous offering prospectus. The Rollover
Fund is a reporting issuer for securities law purposes in all provinces and
territories of Canada.
    The Rollover Fund is advised by Front Street Investment Management Inc.,
the same investment advisor that has advised the Partnership. The fund's
investment objective is primarily to achieve capital appreciation through
investment in a diversified portfolio of equity securities of resource issuers
engaged in oil and gas or mining exploration, development or production or
other forms of energy production, pulp and paper, forestry industries, or
energy product and related resource businesses, such as pipeline or services
companies and utilities. The Investment Advisor will assist the Rollover Fund
in selecting investments in common shares and other securities of resource
issuers, including junior resource issuers, in accordance with the investment
strategies, with the objective of achieving capital appreciation for Rollover
Fund shareholders.
    The Rollover Fund will not charge a fee or commission when shares are
acquired under the Mutual Fund Rollover Transaction and will not charge
redemption fees. The Manager will be entitled to an annual management fee
equal to 1.5% of net asset value and will be eligible for a performance fee.

    Fund Shares: Fund shares are categorized into series, being Series A
Shares, Series B Shares and Series F Shares. At this time, only Series B
Shares are being issued to investors. Series B shares will be distributed on a
"no load" basis. The issue price of the shares is based on the Net Asset Value
per share determined in accordance with the Mutual Fund Rollover Transaction.
The Rollover Fund will not issue certificates for Rollover Fund shares, but
will send shareholders a confirmation statement relating to all purchases and
redemptions of shares within fifteen days of a transaction.

    Additional Information: The continuous offering prospectus of the
Rollover Fund is available to limited partners of the above partnership
through their broker or by calling Front Street at 1-800-513-2832.





For further information:

For further information: Front Street Capital 2004, Investor Relations,
(416) 364-1990 or (800) 513-2832, advisorservice@frontstreetcapital.com,
www.frontstreetcapital.com

Organization Profile

FRONT STREET FLOW-THROUGH 2007-I LIMITED PARTNERSHIP

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