Creststreet Completes Rollover of Creststreet 2006 LP into Creststreet Resource Fund


    TORONTO, Jan. 21 /CNW/ - Creststreet Asset Management Limited today
announced that on January 18, 2008, the rollover of the assets of Creststreet
2006 Limited Partnership, CUSIP No. 226295-10-3, ("Creststreet 2006 LP") into
Creststreet Resource Class Shares (the "Creststreet Resource Fund") of
Creststreet Mutual Funds Limited (the "Mutual Fund") was completed. The assets
of the Creststreet 2006 LP were exchanged on a tax-deferred basis for
Creststreet Resource Fund - 2008 Series shares (the "Shares") (Fund Code:
CAM 107) of equal value. Immediately after the rollover on January 18, 2008,
Creststreet 2006 LP was dissolved. Limited Partners of Creststreet 2006 LP
received 0.49000382502 Shares for each Creststreet 2006 LP unit held. The Net
Asset Value of the Creststreet 2006 LP at the time of the rollover was $3.88.
    The Shares will be redeemable and exchangeable beginning February 22,
2008. This is earlier than May 30th, 2008, the date previously set by the
Mutual Fund for redemption of Shares. The Mutual Fund does not charge
redemption fees. Creststreet offers three additional mutual fund classes,
Creststreet Managed Income Fund, Creststreet Managed Equity Index Fund and
Creststreet Alternative Energy Fund, allowing investors to switch between fund
classes to further diversify their investment on a tax-deferred basis.
Creststreet Mutual Funds are also RRSP eligible.

    About the Creststreet Resource Fund

    The Creststreet Resource Fund retains a balanced portfolio of oil and
natural gas-weighted assets as well as holdings in companies with
international assets and exposure to alternative energy sectors.
    To track the performance of Creststreet Mutual Funds and for further
information on Creststreet Mutual Funds additional fund classes, please visit
our website, where we update Net Asset Values on a weekly

    About Creststreet

    Creststreet is an investment management firm specializing in structuring
and managing high quality energy focused investment products for Canadian and
international institutional and high net worth investors. Since its inception
in 2000, Creststreet has raised over $970 million for investment in resource
and renewable energy companies.

For further information:

For further information: Grant Bunker, Vice-President, Business
Development, Creststreet Asset Management Limited, Tel: (416) 628-2161,

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