Press Releases

First Asset Energy & Resource Income & Growth Fund Announces Indicative Distribution and Distribution for November

TORONTO, ONTARIO--(CCNMatthews - Nov. 21, 2006) - First Asset Energy & Resource Income & Growth Fund (TSX:TXL.UN) announces an indicative distribution for the following twelve months of $0.2166 per unit per month ($2.60 per unit per annum). The first such distribution for the period-ending November 30, 2006 will be paid on December 15, 2006 to unitholders of record on November 30, 2006.

For further information, please call Rob MacNiven, Investor Relations, First Asset Funds Inc. at 416-642-1289 or 1-877-642-1289 or visit www.firstassetfunds.com.