O'Leary Funds names new Chief Compliance Officer

Move deepens senior management team; underscores Fund's commitment to growth

MONTREAL, July 16, 2012 /CNW Telbec/ - O'Leary Funds Management LP and Stanton Asset Management Inc. are pleased to announce a significant addition to their senior management team with the appointment of Line Deslandes as Chief Compliance Officer.

Ms. Deslandes brings over 14 years of legal and compliance experience at some of the world's leading financial services firms, including State Street Global Advisors Limited, National Bank of Canada and Royal Bank of Canada. She assumes the roles of Chief Compliance Officer and Vice President, Legal, for O'Leary Funds and Chief Compliance Officer for Stanton, the portfolio advisor to the O'Leary funds.

"The addition of Ms. Deslandes to our senior management team adds significant depth to both organizations," said Kevin O'Leary, Chairman, O'Leary Funds "Ms. Deslandes' experience and professionalism will prove invaluable as our firm continues to grow."

"In her new role with O'Leary Funds, Ms. Deslandes will oversee all legal and compliance matters and will be actively involved with our corporate growth strategy, focused on providing Canadian investors with income generating investment funds," said Connor O'Brien, CEO of O'Leary Funds.

About O'Leary Funds Management LP

O'Leary Funds Management LP is a Canadian investment fund manager of mutual funds and closed-end funds designed to provide Canadian investors with investment diversification, income and capital appreciation. O'Leary Funds products are globally diversified by sector and geography and are invested primarily in dividend-paying securities and corporate bonds. For more details about O'Leary Funds, visit www.olearyfunds.com.

For media inquiries or additional information: please contact Investor Relations at [email protected] or at 877-849-2004 x226.