Canada Dominion Resources 2010 Limited Partnership Raises $25.3 Million on
First Closing

TORONTO, March 10 /CNW/ - Canada Dominion Resources 2010 Limited Partnership (the "Partnership"), managed by Goodman & Company, Investment Counsel Ltd. and sub-advised by UTA Asset Management Corp. as well as Ned Goodman Investment Counsel Limited (formerly, Ravensden Asset Management Inc.), announces that it has completed the first closing of its initial public offering of limited partnership units (the "Units"). The Partnership, which is registered in all provinces and territories in Canada, sold 1,012,976 Units for gross proceeds of $25,324,400 million. The Partnership will have a second closing on or about April 8, 2010.

The Partnership's investment objective is to provide a tax-assisted investment in a diversified portfolio of flow-through shares and other securities, if any, of resource companies with a view to earning income and achieving capital appreciation for limited partners. The Partnership will enter into share purchase agreements with resource companies under which such companies will agree to issue flow-through shares and other securities, if any, to the Partnership, incur Canadian exploration expenses ("CEE") in carrying out exploration in Canada and renounce CEE to the Partnership. Limited partners with sufficient income will be entitled to claim deductions for Canadian federal income tax purposes in respect of CEE incurred and renounced to the Partnership and may be entitled to certain investment tax credits deductible from tax payable. The Partnership intends to provide liquidity to limited partners prior to July 1, 2012 upon completion of an exchange transaction ("Mutual Fund Rollover Transaction") with Dynamic Managed Portfolios Ltd. ("DMP Ltd."), pursuant to which limited partners will receive redeemable DMP Resource Class shares on a tax-deferred basis. DMP Ltd., an open-ended mutual fund corporation, offers multiple classes of mutual fund shares including DMP Resource Class.

The offering is being made through a syndicate of agents led by RBC Capital Markets, CIBC and Dundee Securities Corporation, and includes National Bank Financial Inc., BMO Capital Markets, Scotia Capital Inc., TD Securities Inc., Canaccord Financial Ltd., HSBC Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd., Manulife Securities Incorporated, Raymond James Ltd., Desjardins Securities Inc. and Wellington West Capital Markets Inc.

Canada Dominion is a leader in flow-through share finance. Since its first partnership was introduced in 1998, Canada Dominion has successfully raised and invested nearly $1.2 billion in companies involved in exploration and development efforts in Canada's resource sector. The offerings of Canada Dominion, when combined with those of the flow-through limited partnerships of CMP(TM), form Canada's largest flow-through platform, raising a combined total of more than $3.7 billion in assets throughout their history.

Goodman & Company, Investment Counsel Ltd. ("Goodman & Company") is a leading Canadian asset management company tracing its roots back more than 50 years. It offers a wide range of wealth management solutions through financial advisors. These include the mutual funds, hedge funds and closed-end investment trusts of Dynamic Funds(R), the portfolio solutions of the Marquis Investment Program, the flow-through limited partnerships of CMP(TM) and Canada Dominion and the high-net worth investment counsel of Goodman Private Wealth Management. Goodman & Company is a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW).

UTA Asset Management Corp. is a Calgary-based portfolio manager and sub-advisor providing advice in respect of resource companies in the oil and gas sector and is lead by Dean Prodan.

Ned Goodman Investment Counsel Limited (formerly, Ravensden Asset Management Inc.) ("NGIC") is a wholly owned subsidiary of Dundee Corporation and is led by Ned Goodman, CFA, utilizing a team of resource specialists at Dundee Resources Limited. NGIC acts as a sub-advisor to certain investment funds and limited partnerships established by the Company's subsidiary, DundeeWealth Inc. In addition, NGIC provides investment advice to Goodman Private Wealth Management, a provider of investment programs for high net worth clients.

This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from one of the dealers noted above. Investors should read the prospectus before making an investment decision.


For further information: For further information: Customer Relations Centre, Goodman & Company, Investment Counsel Ltd., 1-800-268-8186 or; Myra Reisler, Media Relations, (416) 365-5370

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