BORALEX: WITHDRAW UNITS TENDERED IMMEDIATELY TO PROTECT YOUR INVESTMENT, SAYS
O'LEARY FUNDS

MONTREAL, Sept. 13 /CNW Telbec/ - Boralex Power Income Fund ("Boralex Fund") investors have a deadline of one or two days to protect their investment, by rejecting the inadequate offer and withdrawing any units tendered to the offer by Boralex Inc., according to O'Leary Funds Management LP ("O'Leary Funds") which believes the offer is inadequate.

We strongly believe that unitholders will be better served if they DO NOT TENDER or if they WITHDRAW TENDERED UNITS because:

1. the $5.00 aggregate price offered is far too low; as a recent example, reported by the CBC last Friday, the power supply from the Boralex Fund's Dolbeau plant is the key to AbitibiBowater reopening their Dolbeau facility, yet no negotiations are currently taking place. Similarly, for the Kingsey Falls plant, negotiations of a new contract with Hydro Quebec have been put off. These two assets were given little value in the proposed offer. Most importantly, we believe the value of per unit exceeds $6.00 based on the hydro power assets alone;
2. the Boralex Fund is a better investment than the securities Boralex Inc. is offering as all or part of the price; Boralex Fund generates a high level of cash flow for investors, and pays monthly income of $400 annually per 1000 units, that is not adequately replaced by the securities offered by Boralex Inc. which itself has a history of negative cash flow and a stock price that already lost over 20% of value in 2010 (source: Bloomberg, as at September 8, 2010);
3. We believe Boralex has provided inadequate and selective disclosure about the value of Boralex Fund's assets.

Investors can WITHDRAW UNITS NOW by telling their brokers/financial advisors to do so but MUST ACT NOW: Boralex Inc.'s offer expires at 7:00 p.m. on Wednesday, September 15, 2010 and brokers/financial advisers may have an earlier cut off time.

"Investors owning Boralex Power Income Fund have an attractive investment that Boralex Inc. is attempting to acquire for only $5.00/unit, much less than full value that is well over $6.00/unit. The cash value is too low, and the proposed securities provide investors with less income than they have as owners of Boralex Power Income Fund. We are aware that many investors have realized this, and have withdrawn units previously tendered in order to protect their investment. Regarding the legal process, we are confident that Quebec courts will uphold the rights protecting small investors from the proposal made by Boralex Inc. Once Boralex makes a revised offer that we are prepared to accept, we will let investors publicly know we are ready to accept it." said Connor O'Brien

Many Boralex Fund investors confirmed they are withdrawing units previously tendered, following contact with The Laurel Hill Advisory Group, who was engaged by O'Leary Funds to assist unitholders with any questions on why they should not tender or why to withdraw previously tendered units. They can be reached toll-free at 1-877-304-0211, collect at 416-304-0211, or via email at [email protected]. You can also visit O'Leary Funds' website at www.olearyfunds.com to view the previous press releases regarding the offer.

For further information:

Connor O'Brien, CEO, O'Leary Funds Management LP, Chief Investment Officer, Stanton Asset Management Inc., [phone], [email protected]

For further information with respect to the legal action: William Brock, Ad. E., Davies Ward Phillips & Vineberg LLP, [phone], [email protected]