VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2013) - Qwest Investment Management Corp. is pleased to announce the assets of Qwest Energy 2011 Flow-Through Limited Partnership (the "2011 LP") and Qwest Energy 2011-II Flow-Through Limited Partnership (the "2011-II LP") (together the "Partnerships"), with a total value of $7.17 million, rolled on a tax-deferred basis to Qwest Funds Corp.'s Series A shares of Qwest Energy Canadian Resource Class (the "Mutual Fund").

Partnerships' Rollover Net Asset Values

The net asset value for the rollover of the Partnerships' assets to the Mutual Fund, as calculated at the close of business on May 14, 2013, for the 2011 LP was $5.05 per 2011 LP Unit and for the 2011-II LP was $10.79 per 2011-II LP Unit.

Mutual Fund Shares Distribution Date

The Partnerships will distribute to their respective former limited partners, the applicable number of Mutual Fund shares on or about May 17, 2013. The Partnerships will subsequently be dissolved upon completion of the Mutual Fund share distribution. The Mutual Fund shares will be redeemable after the completion of distribution, on or about May 17, 2013, and the subsequent settlement of the Mutual Fund shares into the limited partners' respective brokerage account. The rollover of the Partnerships' assets is a tax-deferred event and does not trigger capital gains until a limited partner decides to sell their Mutual Fund shares. Mutual Fund shareholders have the option to switch to one of Qwest Funds Corp's other corporate class funds.

Qwest Funds Corp. is an open-ended mutual fund corporation, and the Mutual Fund has a mandate of achieving long-term capital appreciation by investing primarily in equity securities of publicly traded Canadian companies involved in the energy and natural resources sector. The Mutual Fund is managed by Qwest Investment Fund Management Ltd.'s Calgary based portfolio management team led by Mr. Don Short, Senior Vice-President and Portfolio Manager.

About Qwest Investment Fund Management Ltd.

Qwest Investment Fund Management Ltd. provides investment fund management and portfolio management for its various investment funds and is an exempt market dealer.

About Qwest Investment Management Corp.

Qwest Investment Management Corp. is an investment management firm specializing in identifying emerging trend opportunities, managing merchant banking transactions and structuring investment products in those sectors of the capital markets in which it has experience and expertise.