Communiqués de presse

TDK 2008 Flow-Through Limited Partnership Files Final Prospectus

TORONTO - January 22, 2008 - First Asset is pleased to announce that a final 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.

First Closing: It is expected that an initial closing will occur on or about January 31, 2008.

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 rollover 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., Berkshire Securities Inc., Blackmont Capital Inc., GMP Securities L.P., Richardson Partners Financial Ltd., Wellington West Capital Inc., Haywood Securities Inc. and Rothenberg Capital Management Inc.

More Information: For more information, please call Rob MacNiven, Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit