Canoe 'GO CANADA' Income Fund Announces Redemption Information

CALGARY, ALBERTA--(Marketwire - Dec. 13, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Canoe 'GO CANADA' Income Fund (the "Fund") (TSX:GCI.UN) announces that redemption requests of approximately 15.8% of the issued and outstanding units were submitted by unitholders. Payment of the redemption proceeds will be made on or about December 19, 2012 at a redemption price of $8.8224 per unit. The redemption price is calculated in accordance with the Declaration of Trust, and is equal to 100% of the net asset value per unit determined as of the Valuation Date of December 12, 2012.

About the Fund

The Fund is listed on the TSX under the symbol GCI.UN and provides investors with exposure to a diversified portfolio comprised primarily of equity and fixed-income securities of Canadian issuers. The Fund is managed by Bob Haber of Haber Trilix Advisors.

Canoe 'GO CANADA!' Income Fund has scheduled a special meeting of unitholders on December 14, 2012 to consider the merger of the Fund into Canoe 'GO CANADA!' Equity Income Class, an open-end mutual fund managed by Canoe Financial LP. Details of the proposed merger are contained in a management information circular which was mailed to unitholders in late November. The information circular is also available on www.sedar.com and posted on Canoe Financial's website.

Important merger information for non-residents: unitholder accounts which are deemed to be non-resident of Canada may not be allowed to hold shares of Canoe 'GO CANADA!' Equity Income Class following the merger where the holding of such shares could be detrimental to the fund and accordingly may be redeemed immediately prior to or shortly after the merger is completed.

About Canoe Financial LP

Canoe Financial is an investment management firm focused on building financial wealth for Canadians through investing in Canada. Its 'GO CANADA!' investment thesis reflects Canoe's strategic confidence in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources, and Canada's sound fiscal structure, Canoe believes this country provides long-term growth potential for investors.

Canoe is one of Canada's fastest-growing investment fund companies and as at November 30, 2012, manages approximately $1.6 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.

Bob Haber is the Chief Executive Officer and Chief Investment Officer of Haber Trilix Advisors, LP, located in Boston, MA, U.S.A., who is a sub-advisor to Canoe Financial LP. Canoe is the registered Portfolio Manager and Manager of the Fund.

Forward Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Canoe Financial's current expectations regarding future results or events. Words such as "may," "will," "should," "could," "anticipate," "believe," "expect," "intend," "plan," "potential," "continue" and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.