Horizons ETFs announces final valuation for Horizons HJE

TORONTO, Aug. 10, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management (Canada) Inc. (the "Manager") have previously announced, by way of a press release dated June 1, 2012, that they would be terminating the Horizons GMP^® Junior Oil and Gas Index^TM ETF (the "ETF") effective upon the close of business on Friday August 10, 2012.  The final net asset value ("Final NAV") per unit of the ETF is as follows:

ETF	Ticker	Final NAV per Unit
Horizons GMP^® Junior Oil and Gas Index^TM ETF	HJE	$2.9621349

The proceeds of termination will be paid out of the ETF today to the holders of the remaining outstanding units of the ETF on a pro rata basis.

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 approximately $3.4 billion in assets under management and 80 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.

SOURCE: Horizons ETFs Management (Canada) Inc.

Martin Fabregas, Investor Relations, [phone] or 1-866-641-5739,
or visit www.HorizonsETFs.com.