Faircourt Exploration Flow-Through 2010 Limited Partnership Announces Second Cash Distribution

/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES./

TORONTO, Dec. 14, 2012 /CNW/ - Faircourt  Asset Management  Inc.  (the  "Manager"), as Manager of Faircourt Exploration Flow-Through 2010 Limited Partnership (the "Partnership"), is pleased to announce that the Partnership will be making a distribution of approximately $1.20 per Unit to Limited Partners on or about December  19, 2012.  This is the second cash distribution under the Partnership's liquidity transaction and represents all of the Partnership's current distributable cash.  The Partnership has one remaining illiquid asset that the Manager is seeking to dispose of as soon as commercially practicable.

Following the distribution of all of its assets, the Partnership will be dissolved.

The Manager will provide an update on the liquidity transaction in the first quarter of 2013.

SOURCE: Faircourt Asset Management Inc.

on the Faircourt Funds, please visit www.faircourtassetmgt.com or please contact 1-800-831-0304.