Alberta Court of Appeal Upholds Two Alberta Securities Act Provisions

CALGARY , Feb. 12 /CNW/ - The Alberta Court of Appeal has released Reasons for Judgment that dismisses appeals by Lambert "Bert" Lavallee, Arbour Energy and Dennis Morice against a judgment of the Court of Queen's Bench rendered in January 2009 . The Judgment dismisses challenges to Securities Act (Alberta) provisions governing the conduct of ASC hearings as contravening the Canadian Charter of Rights.

The Court of Appeal decision called Lavallee v. Alberta (Securities Commission) is available on the Alberta Courts website at www.albertacourts.ab.ca.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

For further information: For Media Inquiries: Mark Dickey, Senior Communications Advisor, [phone]; For Investor Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488