Communiqués de presse

TDK 2008 Flow-Through Limited Partnership Files Preliminary Prospectus

TORONTO, ONTARIO--(Dec. 18, 2007) - First Asset is pleased to announce that a preliminary prospectus for TDK 2008 Flow-Through Limited Partnership has been filed with the securities commissions and regulatory authorities in each of the provinces of Canada. The maximum amount of the offering has been set at $50 million.

Tax Benefits: The Manager expects that Limited Partners will be eligible to receive tax deductions equal to 100% of the amount invested for the 2008 taxation year based on certain assumptions as set forth in the prospectus.

Flow-Through Shares: The Partnership has been created for the purpose of investing in flow-through shares primarily of resource companies engaged in oil and gas or mining exploration, development and/or production that (a) have experienced management; (b) have a strong exploration program in place; and (c) offer the potential for future growth.

Objective of the Partnership: The Partnership's investment objective is to provide Limited Partners with a tax-assisted investment in a diversified portfolio of equity securities of resource companies with a view to achieving capital appreciation for Limited Partners.

Offering Price: The price per unit is $25.00 with a minimum subscription of 200 units ($5,000).

Investment Advisor: First Asset Investment Management Inc., the Partnership's manager, has retained Deans Knight Capital Management Ltd. to be the investment advisor of the Partnership. Deans Knight is a Vancouver-based portfolio management company that manages assets primarily for private clients, as well as certain mutual, pension and insurance funds.

Roll-Over Transaction: Prior to July 1, 2010, the Partnership intends to complete a roll-over transaction pursuant to which Limited Partners will receive redeemable shares of TDK Resource Fund Inc. (FundSERV: TDK100). Deans Knight acts as portfolio manager to TDK Resource Fund Inc.

Agents: The syndicate of agents for the offering is led by CIBC World Markets Inc., and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Berkshire Securities Inc., GMP Securities L.P., Richardson Partners Financial Ltd., Wellington West Capital Inc., Rothenberg Capital Management Inc. and Haywood Securities Inc.

For further information, please contact Rob MacNiven, Investor Relations at 416-642-1289 or 1-877-642-1289, or visit