ASSINIBOIA FARMLAND LIMITED PARTNERSHIP ANNOUNCES BROKERED OFFERING

REGINA, Nov. 8 /CNW/ - Assiniboia Farmland Limited Partnership (the "Partnership") is pleased to announce it has engaged GMP Securities L.P., as lead agent along with Canaccord Genuity Corp., in connection with the offer and sale of up to $20,000,000 of Units in the Partnership at the price of $30.41 per Unit, with a minimum subscription of $25,000.  The Units will be offered as a private placement offering pursuant to the family, friends and business associates and accredited investors exemptions of National Instrument 45-106 - Prospectus and Registration Exemptions. 

The proceeds of the Offering will be used to continue to acquire farmland in Saskatchewan and grow the Partnership's portfolio in a manner consistent with its business plan.  The Offering is expected to close on or about December 8, 2010. 

Assiniboia Farmland Limited Partnership is the largest farmland investment partnership in Canada, with almost 100,000 acres of Saskatchewan farmland under management.  The Partnership is the only Saskatchewan farmland partnership headquartered in Saskatchewan.  Based in Regina, the Partnership provides investors with an opportunity to gain exposure to Saskatchewan farmland while providing stable semi-annual cash distributions to investors.

Additional information about Assiniboia Farmland Limited Partnership is available at www.sedar.com.

Forward Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation, including statements respecting the completion of the offering, the date of closing and the use of offering proceeds. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Partnership assumes no obligation to update or revise such information to reflect new events or circumstances.

The securities of the Partnership have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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