CALGARY, ALBERTA--(Marketwire - Jan. 31, 2011) - Hesperian Capital Management Ltd. ("Hesperian"), the Manager of a strategically focused group of public mutual funds and limited partnerships (the "Norrep Group of Funds"), announced today that it has declared a dividend of $0.06 per share for the Norrep Income Growth Class. This dividend is payable on January 31, 2011 to shareholders of record at the close of business on January 28, 2011.

Hesperian Capital Management Ltd. hereby advises that this dividend is designated to be an "eligible dividend" pursuant to subsection 89(14) of the Income Tax Act (Canada) and corresponding provincial legislation. Shareholders with questions regarding the tax treatment of dividends should consult with their own tax advisors or contact their local office of the Canada Revenue Agency and, where applicable, the provincial taxation authorities.

Hesperian Capital Management Ltd. is a Calgary-based investment firm with approximately $600 million in assets under management. Please visit for more details about Hesperian and the Norrep Group of Funds.

Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.

Contact Information: Hesperian Capital Management Ltd.
James Chisholm, CMA, CFA
Director of Marketing
(403) 531-2650