Horizons ETFs Announces Final Valuation Times for ETF Closures

TORONTO, Oct. 2, 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 August 3, 2012, that certain exchange traded funds ("ETFs") will be terminated effective upon the close of business on Friday, October 12, 2012.  The ETFs being terminated (collectively, the "Terminated ETFs") are as follows:

ETF	Ticker
Horizons BetaPro NYMEX® Natural Gas Inverse ETF	HIN
Horizons BetaPro NYMEX® Crude Oil Inverse ETF	HIO
Horizons BetaPro NYMEX® Long Natural Gas/Short Crude Oil Spread ETF	HNO
Horizons BetaPro NYMEX® Long Crude Oil/Short Natural Gas Spread ETF	HON

At the request of the Manager, the Class A units of each of the Terminated ETFs will be delisted at the close of business on Tuesday, October 9, 2012 ("Delisting Date").

The final net asset value for the Terminated ETFs will be determined at 2:30 p.m. (Toronto time) on the Delisting Date, at which time the Investment Industry Regulatory Organization of Canada will halt trading in the Terminated ETFs for the remainder of the day.

All outstanding Class A units of the Terminated ETFs will be redeemed at the final net asset value of the ETF on October 12, 2012.

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 a broadly diversified range of investment tools for investors of all experience levels. With approximately $3.5 billion in assets under management and 81 exchange traded funds listed on the TSX, Horizons ETFs helps investors to meet their investment objectives in a variety of market conditions. 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.