CMP 2010 II RESOURCE LIMITED PARTNERSHIP FILES PRELIMINARY PROSPECTUS

TORONTO, Sept. 3 /CNW/ - CMP 2010 II Resource Limited Partnership (the "Partnership") announces that it has filed a preliminary prospectus relating to an initial public offering of limited partnership units of the Partnership ("Units") in all the provinces and territories of Canada. The maximum offering is $50 million (50,000 Units).

The Partnership's investment objective is to provide for a tax-assisted investment in a diversified portfolio of flow-through shares and other securities, if any, of resource companies with a view to earning income and achieving capital appreciation for limited partners. The Partnership will enter into share purchase agreements with resource companies under which such companies will agree to issue flow-through shares and other securities, if any, to the Partnership, incur Canadian Exploration Expense (''CEE'') in carrying out exploration in Canada and renounce CEE to the Partnership. Limited Partners with sufficient income will be entitled to claim deductions for Canadian federal income tax purposes in respect of CEE incurred and renounced to the Partnership and may be entitled to certain investment tax credits deductible from tax payable.

The Units are being offered at a price of $1,000 per Unit, subject to a minimum subscription of five Units for $5,000, payable in full at time of subscription.  Prior to July 1, 2012, the Partnership intends to complete an exchange transaction with Dynamic Managed Portfolios Ltd. ("DMP Ltd.") pursuant to which limited partners will receive redeemable DMP Resource Class shares on a tax-deferred basis. DMP Ltd. is an open-end mutual fund corporation managed by Goodman & Company, Investment Counsel Ltd. ("Goodman & Company") which currently offers seven classes of mutual fund shares, including the DMP Resource Class Shares. Each class of shares constitutes a separate mutual fund. The multiple-class structure allows investors to switch between different classes on a tax-deferred basis and reposition their investment portfolio to meet their individual investment requirements.

The offering is being made through a syndicate of agents led by Dundee Securities Corporation, CIBC World Markets Inc. and RBC Dominion Securities Inc. and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., GMP Securities L.P., HSBC Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd., Raymond James Ltd. and Wellington West Capital Markets Inc.

CMP is a pioneer in flow-through investing, with a history dating back to when flow-through shares were first introduced by the federal government. Since its creation in 1984, CMP has successfully raised and invested over $2.5 billion in companies active in exploration and development efforts across Canada. When combined with Canada Dominion, the two partnerships form the largest flow-through investing platform in Canada, raising a combined total of more than $3.7 billion in assets throughout their history.

Goodman & Company, manager of the Partnership, the flow-through limited partnerships of CMP™ and Canada Dominion and the investment choices within DMP Ltd., is a leading Canadian asset management company tracing its roots back more than 50 years. It offers a wide range of wealth management solutions through financial advisors. These include the mutual funds and hedge funds of Dynamic Funds®, the portfolio solutions of the Marquis Investment Program, the flow-through limited partnerships of CMP™ and Canada Dominion and the high-net worth investment counsel of Goodman Private Wealth Management. Goodman & Company is a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW).

Ned Goodman Investment Counsel Limited (formerly, Ravensden Asset Management Inc.) ("NGIC") is a wholly owned subsidiary of Dundee Corporation and is led by Ned Goodman, CFA, utilizing a team of resource specialists at Dundee Resources Limited. NGIC acts as a sub-advisor to certain investment funds and limited partnerships established by DundeeWealth Inc. UTA Asset Management Corp. is a Calgary-based portfolio manager and sub-advisor providing advice in respect of resource companies in the oil and gas sector and is led by Dean Prodan.

For further information:

contact our Customer Relations Centre at 1.800.268.8186 or visit www.cmpfunds.ca.  For media inquiries, contact Myra Reisler at 416.365.5370.