Communiqués de presse

First Asset Opportunity Fund-Press Release

TORONTO, December 3, 2007 - First Asset Opportunity Fund (TSX: FAF.UN) (the "Fund") confirms that the Fund's units will be redeemed at a price of $1.95 per unit on December 5, 2007.

For more information, please contact Rob MacNiven, Investor Relations at (416) 642-1289 or (877) 642-1289 or visit