UTA Asset Management Corp. Announces Investments in Argosy Energy Inc.

CALGARY , Feb. 10 /CNW/ - UTA Asset Management Corp. ("UTA"), the sub-advisor to Goodman & Company Investment Management Ltd., the manager (the "Manager") of Canada Dominion Resources 2008 Limited Partnership ("CDR 2008 LP"), CMP 2008 Resource Limited Partnership ("CMP 2008 LP"), Canada Dominion Resources 2009 Limited Partnership ("CDR 2009 LP"), CMP 2009 Resource Limited Partnership ("CMP 2009 LP") and CMP 2009 II Resource Limited Partnership ("CMP 2009 II LP"), announced today that it has filed an early warning report with the Canadian securities regulatory authorities confirming that UTA disposed of 253,906 units ("Units") of Argosy Energy Inc., with each Unit consisting of one common share ("Argosy Share") and 0.5 of a common share purchase warrant ("Argosy Warrants") and 220,000 Argosy Shares, representing approximately 3.7% of the issued and outstanding Argosy Shares on a non-diluted basis. UTA continues to control 1,000,000 units ("FTS Units") with each FTS Unit consisting of one Argosy Share issued on a flow-through basis pursuant to the Income Tax Act ( Canada ) and 0.5 of an Argosy Warrant, representing together with the Units approximately 7.8% of the issued and outstanding Argosy Shares on a non-diluted basis (or 10.0% of the issued and outstanding on a fully-diluted basis).

The FTS Units are held for investment purposes only and UTA, as sub-advisor to the Manager, may cause CDR 2009 LP, CMP 2009 LP and CMP 2009 II LP to review the investments of these entities on a continuing basis and holdings may be increased or decreased from time to time.

UTA is a registered Portfolio Manager with the Alberta Securities Commission and has entered into a sub-advisory agreement (the "Sub-Advisory Agreement") with the Manager to manage certain assets of CDR 2008 LP, CMP 2008 LP, CDR 2009 LP, CMP 2009 LP and CMP 2009 II LP. The Sub-Advisory Agreement grants UTA full discretion and authority to manage the oil and gas assets of these entities.

A copy of the report filed by UTA in connection with the acquisition, as required under applicable securities legislation may be obtained by contacting UTA at [phone]. UTA Asset Management Corp. is a Calgary-based investment firm with over $139 million in assets under management.

Forward Looking Information

Certain information contained in this press release, including information and statements which may contain words such as "could", "plans", "should", "anticipates", "expects", "believes", "will" and similar expressions and statements relating to matters that are not historical facts, are forward-looking statements.

These forward-looking statements are based on a number of risks and assumptions, some of which are beyond management's control, including 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. By their nature, forward-looking statements are subject to numerous risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, actual results may differ materially from those predicted.

Readers are cautioned that the foregoing list of important factors is not exhaustive. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise, and as such, undue reliance should not be placed on forward-looking statements. These statements speak only as of the date of this press release. Unless required by law, UTA does not undertake any intention or obligation or update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

For further information: Paige Knight, Vice President, UTA Asset Management Corp., Suite 1700, 444 - 5th Avenue S.W., Calgary, AB, T2P 2T8, [phone], [email protected]