Re: ARC Energy Fund 5's Updated Holdings in Ember Resources Inc.



    CALGARY, Sept. 5 /CNW/ - ARC Equity Management (Fund 5) Ltd. (as the
general partner of ARC Energy Fund 5 Canadian Limited Partnership, ARC Energy
Fund 5 United States Limited Partnership and ARC Energy Fund 5 International
Limited Partnership, collectively "ARC Energy Fund 5") of Calgary, Alberta
announced that as a result of the closing of the previously announced
subscription receipt offering by Ember Resources Inc. ("Ember") and Ember's
plan of arrangement with Cordero Energy Inc. ("Cordero"), ARC Energy Fund 5
acquired 9,756,098 subscription receipts of Ember at a price of $2.05 per
subscription receipt, which have been automatically converted into 
9,756,098 common shares of Ember (3,902,439 common shares after giving effect
to the 2.5 to 1 consolidation), representing 7.6% of the outstanding Ember
common shares. As a result, ARC Energy Fund 5 now exercises control or
direction over an aggregate of 5,482,519 common shares of Ember
(post-consolidation), representing approximately 10.7% of the outstanding
common shares, or approximately 19.8% or 10,179,204 common shares of Ember
(post-consolidation) including the holdings of ARC Capital Ltd., ARC Energy
Venture Fund 3 and ARC Energy Venture Fund 4, which holdings were obtained on
the exchange of common shares of Cordero as a result of the completion of the
plan of arrangement with Cordero.
    The number of common shares of Ember resulting from the exchange of
common shares of Cordero is based upon the information contained in the press
release of Ember dated September 5, 2008.

    ARC Energy Fund 5 is an investment fund specializing in the energy
sector. Its general partner is ARC Equity Management (Fund 5) Ltd., part of
the ARC Financial Group of companies. Although ARC Energy Fund 5 may make
further purchases (or sales) of common shares of Ember on the Toronto Stock
Exchange or through private purchases (or sales), such purchases will be made
for investment purposes.

    This press release has been issued in order to comply with applicable
securities legislation.





For further information:

For further information: or a copy of the securities report contact:
Lauchlan Currie, President, ARC Equity Management (Fund 5) Ltd., 4300, 400 -
3rd Avenue S.W., Calgary, Alberta, Telephone: (403) 292-0680, Fax: (403)
292-0579

Organization Profile

ARC EQUITY MANAGEMENT (FUND 5) LTD.

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