Proposed merger of frontierAlt All Terrain Canada Fund into frontierAlt All Terrain World Fund



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

    TORONTO, Jan. 29 /CNW/ - Toronto-based frontierAlt Funds Management
Limited ("frontierAlt") announced today that it has received unitholder and
regulatory approval to merge the frontierAlt All Terrain Canada Fund (the
"Canada Fund") into the frontierAlt All Terrain World Fund (the "World Fund").
To meet regulatory requirements, the merger required the approval of a
majority of unitholders in the Canada Fund at a special meeting that was held
earlier today.
    The effective date of the merger will be on or about January 31, 2008.
Upon completion of the merger, the name of the World Fund will be changed to
"frontierAlt Opportunistic Global Fund".
    The Series A, F and I units of the Canada Fund (including units purchased
under a pre-authorized chequing plan) will be closed to all new purchases
effective as of the close of business on the business day immediately before
the effective date of the merger. Unitholders of the Canada Fund will continue
to have the right to redeem their units at any time up to the close of
business on the business day immediately before the effective date of the
merger.

    About frontierAlt

    frontierAlt is a financial services company with its head office in
Toronto, Ontario. frontierAlt specializes in the manufacturing and
distribution of structured products, flow-through limited partnerships and
mutual funds.

    This press release is for information purposes only and does not
constitute an offer to sell or a solicitation to buy the securities referred
to herein. This press release is not for dissemination in the United States or
for distribution to U.S. news wire services.

    This news release contains certain "forward-looking statements". The
statements that are not historical facts contained in this press release are
forward-looking statements that involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking statements. There
can be no assurance that forward-looking statements will prove to be accurate,
as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.





For further information:

For further information: Kurankye Sekyi-Otu, President, frontierAlt
Funds Management Limited, Tel: (416) 623-3171, Fax: (416) 360-6202, e-mail:
ksekyiotu@frontieralt.com, www.frontieralt.com

Organization Profile

FRONTIERALT ALL TERRAIN CANADA FUND

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