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Front Street Flow-Through 2012-I Limited Partnership and Front Street Flow-Through 2012-II Limited Partnership Announce Completion of Rollover and Dissolution

TORONTO, ONTARIO -- (Marketwired) -- 01/17/14 -- Front Street Flow-Through 2012-I Limited Partnership (the "2012-I Partnership") and Front Street Flow-Through 2012-II Limited Partnership (the "2012-II Partnership") announced today that they had completed the direct and indirect tax-deferred transfer of the assets of the 2012-I Partnership and the 2012-II Partnership (the "Mutual Fund Rollover Transaction") into Front Street Mutual Funds Limited (the "Rollover Fund"), as discussed in their press release of December 13, 2013. The Partnerships are being dissolved effective on or about January 31, 2014.

Class B Shares of the Front Street Resource Growth and Income Class of Front Street Mutual Funds Limited ("Fund Shares") were issued at $6.2211 each.

The final net asset value per 2012-I Partnership National Class unit was $13.8729. The 2012-I Partnership National Class units were converted at the rate of 2.229975 Fund Shares for each 2012-I Partnership National Class unit.

The final net asset value per 2012-I Partnership Quebec Class unit was $12.7840. The 2012-I Partnership Quebec Class units were converted at the rate of 2.05492 Fund Shares for each 2012-I Partnership Quebec Class unit.

The final net asset value per 2012-II Partnership unit was $18.4084. 2012-II Partnership units were converted at the rate of 2.959027 Fund Shares for each 2012-II Partnership unit.

The Fund Shares will offer daily liquidity through FundServ as soon as possible after the rollover, once the individual holders' investment advisor has reconciled the positions with FundServ, under FundServ Code "FSC401".

Additional Information: The prospectus in respect of the Fund Share distribution is available to limited partners of the Partnerships on SEDAR, at www.frontstreetcapital.com, through their broker, or by calling Front Street at 1-800-513-2832.

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