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Brompton 2014 Flow-Through LP

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BROMPTON 2014 FLOW-THROUGH LIMITED PARTNERSHIP

COMPLETES MUTUAL FUND ROLLOVER

Toronto, March 15, 2016: Brompton Funds Limited (the “Manager”) is pleased to announce the completion of the tax-deferred transfer of assets of Brompton 2014 Flow-Through Limited Partnership (the “Partnership”). The Partnership has transferred all of its assets to Brompton Resource Fund (“BRF”), a class of Brompton Mutual Funds Limited in exchange for Series B Shares of BRF. The Partnership will be dissolved on or about March 24, 2016.

Series B Shares of BRF were issued at a net asset value per share of $0.5937. The final net asset value per unit of the Partnership was $8.7384. Partnership units were converted at a rate of 14.718545 Series B Shares of BRF for each Partnership unit. The Series B Shares will offer daily liquidity through FundServ as soon as possible once investment advisors have reconciled positions with FundServ, under fund code CAM 151.

BRF provides Canadian investors with exposure to a broad array of investments in the natural resource sectors. BRF’s investment objective is to provide the potential for long-term growth of capital and to a lesser extent, the production of income. BRF offers daily subscriptions and redemptions and investors also have the opportunity to switch tax-free into the Brompton Dividend & Income Fund (“BDIF”), should investors wish to reduce their exposure to the resource sector. The Portfolio Managers of both BRF and BDIF are Laura Lau and Mike Clare, who are also the Portfolio Managers for the Brompton Flow-Through Limited Partnerships.

BRF will not charge a fee or commission when the Series B shares are issued under the mutual fund rollover transaction and will not charge redemption fees.

BRF will not issue certificates for Series B Shares. BRF is a fund class of Brompton Mutual Funds Limited which is a mutual fund corporation incorporated under the laws of Canada. BRF securities are sold under a continuous offering prospectus and BRF is a reporting issuer for securities law purposes in all provinces and territories of Canada. The prospectus contains important information about BRF, including investment strategy, fees and risks. Brompton encourages all investors to read the prospectus for all other terms and conditions of BRF.

About Brompton Funds

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with approximately $2 billion in assets under management. Brompton’s investment solutions include TSX listed closed-end funds, mutual funds, hedge funds and flow-through limited partnerships. For further information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@bromptongroup.com or visit our website at www.bromptongroup.com.

FUND FACTS

2016 Tax Year Breakdown

T5013 Federal tax forms and RL 15 Quebec tax forms will be issued by investment dealers to all unitholders, as applicable, based on the following per unit tax information.

This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

T5013(A)R15DescriptionTotalPer unit
10526Ltd. Partner's at risk amt2,321,462 5.80354
n/a45Eligible taxable capital gains amount on resource property 642,861 1.60712
n/a14Partnership's total gross income 757
1287Interest from Cdn Sources 7570.00189
1326AActual amount of Eligible Dividends 00.00000
21015ACarrying charges 70,1620.17540
15110Capital gains(losses) (R15: used to calculate the deduction)
15112Capital gains(losses) (R15:not used to calculate the deduction) 1,402,4243.50599
n/a12-2Capital gains (or losses) on resource property 1,402,4243.50599
n/a24AMember Corp's share of debt
n/a24BMember Corp's share of qualified property
n/a24CMember Copr's share of total assets
n/a27Limited Parntership Loss
19060Cdn exploration expense - renuciation 00.00000
194n/aAmount - Exp qualifying for ITC 00.00000
197n/aBC - Expenses - Tax Credit 00.00000
200n/aON - Expenses - Tax Credit 00.00000
n/a53Limited-recourse amounts

2015 Tax Year Breakdown

T5013 Federal tax forms and RL 15 Quebec tax forms will be issued by investment dealers to all unitholders, as applicable, based on the following per unit tax information.

This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

T5013(A) R15DescriptionTotalPer Unit
10526Ltd. Partner's at risk amt 2,368,3715.92081
n/a45Eligible taxable capital gains amount on resource property 628,8251.57203
n/a14Partnership's total gross income 7,163
1287Interest from Cdn Sources 3,3110.00828
1326AActual amount of Eligible Dividends 3,8520.00963
21015ACarrying charges 370,2160.92552
15110Capital gains(losses) (R15: used to calculate the deduction)
15112Capital gains(losses) (R15:not used to calculate the deduction) 1,319,8493.29956
n/a12-1Capital gains (or losses) on property other than resource property 10,0500.02512
n/a12-2Capital gains (or losses) on on resource property 1,309,7993.27443
n/a24AMember Corp's share of debt
n/a24BMember Corp's share of qualified property
n/a24CMember Corp's share of total assets
n/a27Limited Partnership Loss
19060Cdn exploration expense - renuciation 00.00000
194n/aAmount - Exp qualifying for ITC 00.00000
197n/aBC - Expenses - Tax Credit 00.00000
198n/aBC - Expenses - Tax Credit 00.00000
200n/aON - Expenses - Tax Credit 00.00000
n/a53Limited-recourse amounts 00.00000

2014 Tax Year Breakdown

T5013 Federal tax forms and RL 15 Quebec tax forms will be issued by investment dealers to all unitholders, as applicable, based on the following per unit tax information.

This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

This tax guide contains tax information relating to Forms T5013 and RL 15 which will assist you in preparing your 2014 income tax return:
Brompton Funds Flow-Through Tax Guide 2014 Tax Year

T5013(A)R15DescriptionTotalPer unit
10526Ltd. Partner's at risk amt10,545,213 26.36251
n/a45Eligible taxable capital gains amount on resource property 272,5070.68125
1287Interest from Cdn Sources 30,0120.07503
1326AActual amount of Eligible Dividends 5,9920.01498
21015ACarrying charges 380,3740.95092
15112Capital gains(losses) (R15:not used to calculate the deduction) 545,0131.36251
19060Cdn exploration expense - renuciation 9,676,58224.19097
194n/aAmount - Exp qualifying for ITC 2,115,000 5.28739
200n/aON - Expenses - Tax Credit 585,0001.46247