KERN Partners Ltd. - News Release

CALGARY, Nov. 9 /CNW/ - KERN Partners Ltd. ("KERN") announces that as a result of the recently completed transaction between Glamis Resources Ltd. ("Glamis") and Connaught Energy Ltd. ("Connaught"), under which the shares of Connaught held by certain funds managed by affiliates of KERN (the "KERN Funds") were exchanged for class A shares of Glamis, the KERN Funds hold 67,061,400 class A shares of Glamis. These holdings represent approximately 18% of the issued and outstanding class A shares of Glamis.

The shares were acquired for investment purposes and the KERN Funds may increase or decrease beneficial ownership or control depending on market or other conditions.

In connection with this news release an early warning report will be filed by KERN in accordance with applicable securities laws.


For further information: For further information: To obtain a copy of the early warning report, please contact: Kim Lynch Proctor, KERN Partners Ltd., 200 Doll Block, 116 - 8th Avenue S.E., Calgary, Alberta, T2G 0K4, Telephone: (403) 517-1500, Fax: (403) 517-1515

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