Aston Hill announces 2008 year end results

    CALGARY, April 17 /CNW/ - Aston Hill Financial Inc. ("Aston Hill" or the
"Company") announces it has filed the Annual Audited Consolidated Financial
Statements for the twelve month period ended December 31, 2008 and related
Management Discussion and Analysis with Canadian Securities Regulatory
Authorities. Aston Hill is listed on the TSX Venture Exchange under the ticker
symbol AHF.
    Aston Hill's net loss for the twelve month ending December 31, 2008 was
$0.3 million. This included revenue of $4.3 million offset by net operating
expenses of $4.1 million and a loss from investing activities of $0.5 million.
    As at December 31, 2008, Aston Hill had approximately $702 million in
assets under management and advisory ("AUM & A"). The following table
summarizes the various investment profiles managed and advised by Aston Hill
and its subsidiaries:

    Investment profile                                         AUM & A
    Oil and natural gas properties                        $510 million
    Financial Portfolio Management                         $12 million
    Financial Portfolio Advisory                          $180 million
    Total                                                 $702 million

    Subsequent to year end, on March 17, 2009 the Company, in conjunction
with First Asset Management Inc., announced the filing of the final prospectus
for initial public offering of the Preferred Share Investment Trust. The
offering closed on April 3, 2009, with approximately $60 million raised.
Catapult Financial Management Inc., a wholly owned subsidiary of the Company
will provide portfolio advisory services to the Trust.

    Aston Hill is an asset management company with expertise in the energy
sector, income products, oil and gas property management and private equity
and has offices in Calgary and Toronto.

    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein.

    Forward-Looking Statements: This news release contains certain
"forward-looking statements" within the meaning of such statements under
applicable securities law. Forward-looking statements are frequently
characterized by words such as "plan", "continue", "expect", "project",
"intend", "believe", "anticipate", "estimate", "may", "will", "potential",
"proposed" and other similar words, or statements that certain events or
conditions "may" or "will" occur. These statements are only predictions.
Various assumptions were used in drawing the conclusions or making the
projections contained in the forward-looking statements throughout this news
release. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are subject to a variety
of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
    For a detailed description of the risks and uncertainties facing the
Company and its business and affairs, readers should refer to the Company's
annual financial statements and management discussion and analysis for the
year ended December 31, 2007, both of which are available at
The Company undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change, unless
required by law. The reader is cautioned not to place undue reliance on
forward-looking statements.

For further information:

For further information: concerning this press release, please contact:
Eric Tremblay, Chief Executive Officer, Aston Hill Financial Inc., (403)
770-4817; Larry Titley, Vice President and CFO, Aston Hill Financial Inc.,
(403) 770-4808

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Aston Hill Financial Inc.

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