Source: CANOE Financial LP

Canoe Financial Files Preliminary Prospectus for 2016 Flow-Through Offering

CALGARY, ALBERTA--(Marketwired - Dec. 17, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Canoe Financial LP (the "Manager" or "Canoe"), has filed a preliminary prospectus for the initial public offering (the "Offering") of limited partnership units ("Units") of Canoe 2016 Flow-Through LP (the "Partnership"), in each of the provinces of Canada, except Quebec.

The Partnership's investment objective is to provide limited partners with exposure to quality tax-advantaged energy investments of one or both of its two separate investment portfolios: (i) one consisting primarily of Canadian Development Expense ("CDE") flow-through shares of resource companies (the "Class CDE Portfolio"); and (ii) one consisting primarily of Canadian Exploration Expense ("CEE") flow-through shares of resource companies (the "Class CEE Portfolio", and together with the Class CDE Portfolio, the "Investment Portfolios"). The Partnership provides investors with the choice of investing in either the Class CDE Portfolio or the Class CEE Portfolio or a combination of both, allowing investors to target their specific investment requirements.

The maximum Offering has been set at $60 million (2,400,000 Units), consisting of a maximum of $40 million (1,600,000 CDE Units) of the Class CDE Portfolio and $20 million (800,000 CEE Units) of the Class CEE Portfolio. The minimum Offering has been set at $5 million (200,000 CDE Units or 200,000 CEE Units). The minimum subscription amount is 200 Units at a price of $25.00 per Unit comprised of one or both of the classes of Units and payable in full on closing.

The Investment Portfolios will be managed by Canoe Financial LP, a Calgary-based investment management firm with approximately $3.0 billion in assets under management. Canoe's personnel have experience investing in and operating oil and natural gas companies as well as financing and structuring energy-related transactions. On or before June 30, 2018, the Partnership intends to complete an exchange transaction on a tax-deferred basis with Canoe 'GO CANADA!'® Fund Corp. or with another designated Canoe Financial mutual fund.

The Offering is being conducted by a syndicate of agents co-led by Scotiabank, CIBC and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., GMP Securities L.P. and Raymond James Ltd. (collectively, the "Agents").

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in all of the provinces of Canada, except Quebec. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the Agents listed above. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued. These securities will not be offered for sale to residents of the United States.

About Canoe Financial LP

Founded in 2008, Canoe Financial LP is an investment management firm focused on building financial wealth for Canadians. Canoe is Canada's fastest-growing independent mutual fund company and manages approximately $3 billion in assets across a diversified range of award-winning mutual funds, flow-through limited partnerships and private energy equity products. Canoe has expanded from its Calgary head office to across Canada, including a significant presence in Toronto and offices in Vancouver, Winnipeg and Ottawa. To learn more about Canoe Financial and its investment products, visit www.canoefinancial.com.

Forward Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Canoe Financial's current expectations regarding future results or events. Words such as "may," "will," "should," "could," "anticipate," "believe," "expect," "intend," "plan," "potential," "continue" and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.

Contact Information:

Investor Relations
Canoe Financial LP
1-877-434-2796
info@canoefinancial.com
www.canoefinancial.com