TORONTO, March 16, 2010 - TDK 2008 Flow-Through Limited Partnership announces that the roll-over into TDK Resource Fund Inc. is anticipated to occur in late April or early May 2010. The General Partner had initially accelerated the timing of the roll-over from June 30, 2010 to March 23, 2010 however, the roll-over cannot be completed in March because of investment restrictions which prohibit TDK Resource Fund Inc. from having more than 10% of its portfolio assets in private companies, determined at the time of investment. This restriction is not anticipated to be an impediment to the roll-over once the Fund's largest private holding, Athabasca Oil Sands Corp., completes its proposed initial public offering ("IPO") of common shares which was announced in February and is expected to close in April. A further announcement will be made once the timing is finalized.
For more information, please contact Rob MacNiven, Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com. This press release is intended for dissemination only in Canada.