Aston Hill announces first quarter results

    CALGARY, May 29 /CNW/ - Aston Hill Financial Inc. (the "Company" or
"Aston Hill") (TSXV: AHF) announces it has filed the unaudited interim
consolidated financial statements for the period ended March 31, 2009 and
related Management Discussion and Analysis with Canadian Securities Regulatory
    Aston Hill's net loss for the three months ending March 31, 2009 was $1.2
million. This included revenue of $0.8 million offset by a loss from investing
activities of $1.0 million and net operating expenses of $1.0 million. As of
March 31, 2009, Aston Hill had approximately $712 million in assets under
advisory and management.
    The Company also gives notice that at the Annual General & Special
Meeting of the Corporation held on May 28, 2009, the shareholders appointed
the following persons to the Board of Directors:

    -   Mr. Andre Bineau (audit committee, governance, nomination &
        compensation committee);
    -   Mr. Ben Cheng;
    -   Dr. Eldon Smith (audit committee, governance, nomination &
        compensation committee);
    -   Mr. Eric Tremblay;
    -   Mr. Jean-Guy Lambert (audit committee); and
    -   Mr. Scott Butler (governance & compensation committee).

    At the Board of Directors Meeting following the annual meeting, the
following appointments were made:

    -   Eric Tremblay, Chief Executive Officer and Chairman of the Board;
    -   Ben Cheng, President;
    -   Larry Titley, Vice President and Chief Financial Officer;
    -   Joanne Hruska, Vice President, Portfolio Management;
    -   Derek Slemko, Vice President, Business Development and Controller;
    -   Theresa Devost, Corporate Secretary.

    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
statements. 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, 2008, 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: 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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