Creststreet Mutual Funds Limited pays annual capital gain dividend

    TORONTO, March 5 /CNW/ - Creststreet Mutual Funds Limited (the "Mutual
Fund") today declared a capital gain dividend payable to all shareholders of
record on March 2, 2007, payable March 9, 2007. The capital gain dividend will
be automatically reinvested in additional shares, unless otherwise requested
by the shareholder, and will be pro-rated amongst the various classes of the
Mutual Fund as follows:

    Resource Fund - Series A shares         $0.3797
    Resource Fund - Series 2007 shares      $0.3797
    Managed Income Fund shares              $0.1087
    Managed Equity Index Fund shares        $0.5572

    It is important to note that, due to the re-investment of the capital
gain dividend in additional shares, the total value of a shareholder's
investment has not changed as a result of this dividend.
    For tax planning purposes, this distribution will be taxable as a 100%
capital gain dividend. The distribution will adjust shareholders' adjusted
cost base ("ACB") upwards accordingly. Updated ACB information will be
available at after March 9, 2007.
    Creststreet Mutual Funds Limited is a multi-class, open-end mutual fund
managed by Creststreet Asset Management Limited. The Fund offers three fund
classes; Creststreet Resource Fund for investors who are seeking exposure to
the Canadian resource sector, Creststreet Managed Income Fund for investors
who are seeking stable monthly cash distributions with a focus on capital
preservation and Creststreet Managed Equity Index Fund for investors who are
seeking long-term growth of capital through investment in a portfolio of
equity market index units. Investors in the Funds can switch between fund
classes on a tax-deferred basis.

    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 $750 million for investment in resource
and renewable energy companies.

For further information:

For further information: Grant Bunker, Vice-President, Business
Development, Creststreet Capital Corporation, (416) 628-2161,

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Creststreet Mutual Funds Limited

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