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NCE Diversified Flow-Through (13) Limited Partnership files preliminary prospectus

TORONTO, ONTARIO -- (Marketwire) -- 12/17/12 -- NCE Resources Group is pleased to announce that a preliminary prospectus for a new flow-through investment, NCE Diversified Flow-Through (13) Limited Partnership (the "Partnership"), has been filed with, and the receipt issued by, the securities commissions and regulatory authorities in each of the provinces and territories of Canada.

Flow-through shares

The Partnership has been created for the purpose of investing in flow-through shares of resource issuers engaged in oil and gas exploration, development and/or production, mineral exploration, development and/or production, renewable energy exploration and development, and related resource business issuers such as pipeline or service companies and utilities ("Resource Companies"). The actual allocation of the Partnership's investment portfolio will be determined based on the investment opportunities available at the time of investment. The Partnership will endeavour to invest all proceeds available for investment in flow-through shares on or before December 31, 2013.

Objective of the Partnership

The objective of the Partnership is to achieve capital appreciation and to maximize the tax benefits received by investors. The Partnership will initially invest in flow-through shares of Resource Companies.

Tax benefits

Investors will be eligible to receive tax benefits through participation in the Partnership, which is expected to include a deduction in 2013 of an amount equal to approximately 100% of their investment based on completion of the maximum offering and on certain other assumptions as set forth in the prospectus.

Offering price

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

Manager and Portfolio advisor

The general partner, NCE Diversified Management (13) Corp. (the "General Partner") will retain Sentry Investments Inc. (the "Manager" or "Sentry") as the Manager of the Partnership, to direct the business, operations and affairs of the Partnership and provide day-to-day management services to the Partnership on behalf of the General Partner, including, without limitation, the provision of advice on and the management of the investment portfolio of the Partnership.

General Partner

The General Partner is a corporation incorporated under the laws of the Province of Ontario. The General Partner is a member of the NCE Resources Group, which is an oil and gas investment management organization specializing in energy investments and providing a full range of technical, operational, administrative and investor services. Since 1984, the NCE Resources Group has invested or managed the investment of approximately $4.4 billion in the acquisition, development and exploration of resource properties and securities of resource issuers, and has entered into drilling, joint venture and other similar arrangements with oil and gas industry participants.


The syndicate of agents, co-led by CIBC World Markets Inc., RBC Dominion Securities Inc. and National Bank Financial Inc., includes BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Manulife Securities Incorporated, Macquarie Private Wealth Inc., Raymond James Ltd., Desjardins Securities Inc. and Mackie Research Capital Corporation.

Sentry Investments

Sentry Investments is a Canadian asset management company with over $8 billion in assets under management on behalf of Canadian investors. Sentry offers a diverse range of investment products, including mutual funds and flow-through limited partnerships. Sentry was recognized as Canada's Best Equity Funds Group at the 2011 and 2012 Lipper(1) Fund Awards, and is one of only three firms to receive four consecutive Brendan Wood International TopGun Asset Management Team Awards (2009 to 2012).

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent that they relate to the Partnership. The forward-looking statements are not historical facts but reflect the General Partner's and Sentry's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the General Partner and Sentry believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither the General Partner nor Sentry undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in all the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from one of the dealers noted above. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

(1)Lipper and Lipper corporate marks are proprietary trademarks of Lipper, a Thomson Reuters Company. © 2012 Thomson Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Thomson Reuters.

Sentry Investments Inc.                                                     
Commerce Court West                                                         
199 Bay Street, Suite 4100                                                  
P.O. Box 108                                                                
Toronto, ON M5L 1E2                                                         
Tel: 416-364-9297                                                           
Fax: 416-364-1197                                                           

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