frontierAlt 2008 Precious Metals & Energy Flow-Through Limited Partnership files final prospectus for initial public offering of up to $40 million



    /THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
    DISTRIBUTION TO U.S. NEWS WIRE SERVICES/

    TORONTO, March 3 /CNW/ - frontierAlt Capital Corporation, a promoter of
frontierAlt 2008 Precious Metals & Energy Flow-Through Limited Partnership
(the "Partnership"), is pleased to announce that the Partnership has filed and
has received a receipt from the securities regulators of all the Canadian
provinces for the final prospectus dated February 27, 2008 for the initial
public offering of up to a maximum of 1,600,000 limited partnership units of
the Partnership at a price of $25.00 per unit. It is anticipated that the
initial closing of the offering will be on or about March 13, 2008.
    The Partnership will invest primarily in flow-through shares of select
precious metals issuers, energy issuers and other resource issuers that are
considered by the portfolio manager of the Partnership to represent good value
in relation to the market price of the precious metal issuer's, energy
issuer's or other resource issuer's shares, have experienced and capable
senior management, have a strong exploration program in place, and offer
potential for future growth. The Partnership's investment objectives are to
achieve capital appreciation, and maximize tax benefits for investors. The
general partner intends to invest all proceeds available for investment such
that limited partners with sufficient income will be entitled to claim certain
deductions from income for income tax purposes for the 2008 taxation year and
may be entitled to certain investment tax credits deductible from tax payable.
    The Partnership has retained Caldwell Investment Management Ltd. to act
as portfolio manager to select flow-through shares and other investments for
the Partnership. Caldwell Investment Management Ltd. is an affiliate of
Caldwell Securities Ltd. Together, Caldwell Investment Management Ltd. and
Caldwell Securities Ltd. manage or provide investment advice on over
$1 billion of client assets. Caldwell Investment Management Ltd. will retain
the services of Southampton Associates Inc. and AJM Petroleum Consultants to
provide it with industry expertise and due diligence services respecting
mineral and oil and gas companies, respectively.
    A syndicate of agents for the offering is being led by CIBC World Markets
Inc., and includes BMO Capital Markets, Dundee Securities Corporation,
National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc.,
Canaccord Adams, Raymond James Ltd., Berkshire Securities Inc., Blackmont
Capital Inc., HSBC Securities (Canada) Inc., Richardson Partners Financial
Limited and Wellington West Capital Inc.





For further information:

For further information: Asif Khan, Chairman & CEO, frontierAlt Capital
Corporation, Tel: (416) 623-3161, Fax: (416) 360-6202, email:
akhan@frontieralt.com; Kurankye Sekyi-Otu, Executive Vice-President,
frontierAlt Capital Corporation, Tel: (416) 623-3171, Fax: (416) 360-6202,
e-mail: ksekyiotu@frontieralt.com; www.frontieralt.com

Organization Profile

FRONTIERALT 2008 PRECIOUS METALS & ENERGY FLOW-THROUGH LIMITED PARTNERSHIP

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