Press Releases

First Asset Energy & Resource Fund Announces Distribution

TORONTO, ONTARIO--(Nov. 21, 2007) - First Asset Energy & Resource Fund (TSX:TRF.UN) announces a distribution of $0.1040 per unit per month ($1.25 per unit per annum) for the month ending November 30, 2007. The distributions will be paid on December 14, 2007 to unitholders of record on November 30, 2007.

For more information, please contact Rob MacNiven, Investor Relations at 416-642-1289 or 1-877-642-1289, or visit www.firstasset.com.