Horizons ETFs Announces ETF Closures

TORONTO, April 27, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management (Canada) Inc. (the "Manager") announced today that it will be terminating certain exchange traded funds ("ETFs") effective at the close of business on Friday June 29, 2012.  The ETFs being terminated (collectively, the "Terminated ETFs") are as follows:

ETF	Ticker
Horizons BetaPro COMEX^® Long Gold/Short Silver Spread ETF	HBZ
Horizons BetaPro COMEX^® Long Silver/Short Gold Spread ETF	HZB
Horizons BetaPro COMEX^® Gold Inverse ETF	HIB
Horizons BetaPro COMEX^® Silver Inverse ETF	HIZ
Horizons BetaPro U.S. 30-year Bond Bull Plus ETF	HTU

Effective today, no further direct subscriptions for units of the Terminated ETFs will be accepted. Monday June 25, 2012, is expected to be the last date on which a redemption request may be placed with the Manager, and the Terminated ETFs are expected to be de-listed from the Toronto Stock Exchange, at the request of the Manager, at the close of business on or about June 26, 2012, with all units still held by investors being subject to a mandatory redemption as of June 29, 2012, the termination date.

For further information visit www.HorizonsETFs.com

About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)

Horizons ETFs is an innovative financial services company offering the Horizons ETFs family of ETFs. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. With more than $3.3 billion in assets under management and 83 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs is a subsidiary of Horizons ETFs Management (Canada) Inc. and a member of the Mirae Asset Financial Group.

Martin Fabregas, Investor Relations, [phone] or 1-866-641-5739.