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Brompton 2015 Flow-Through LP

      BROMPTON 2015 FLOW-THROUGH LIMITED PARTNERSHIP

      COMPLETES MUTUAL FUND ROLLOVER

      Toronto, February 14, 2017: Brompton Funds Limited (the “Manager”) is pleased to announce the completion of the tax-deferred transfer of assets of Brompton 2015 Flow-Through Limited Partnership (the “Partnership”). The Partnership has transferred all of its assets to Brompton Resource Class (“BRF”), a class of Brompton Mutual Funds Limited in exchange for Series B Shares of BRF. The Partnership will be dissolved on or about February 28, 2017. Series B Shares of BRF were issued at a net asset value per share of $0.7151. The final net asset value per unit of the Partnership was $23.5274 which represents an after-tax return of 48.2% over the life of the Partnership(1). Partnership units were converted at a rate of 32.900853 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. The portfolio managers of BRF 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 in respect of such Series B Shares.

      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 traded funds, mutual 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

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        2017 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 amt4,425,06512.41782
        N/A45Eligible taxable capital gains amount on resource property115,7120.32472
        N/A14Partnership's total gross income28,237
        1287Interest from Cdn Sources1,5100.00424
        1326AActual amount of Eligible Dividends26,7270.07500
        21015ACarrying charges44,8970.12599
        15110Capital gains(losses) (R15: used to calculate the deduction)
        15112Capital gains(losses) (R15:not used to calculate the deduction)541,2711.51894
        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 - renuciation00.00000
        194N/AAmount - Exp qualifying for ITC00.00000
        197N/ABC - Expenses - Tax Credit00.00000
        200N/AON - Expenses - Tax Credit00.00000
        N/A53Limited-recourse amounts

        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.

        This tax guide contains tax information relating to Forms T5013 and RL 15 which will assist you in preparing your 2015 income tax return: Brompton Funds Flow-Through Tax Guide 2016 Tax Year

        T5013(A)R15DescriptionTotalPer Unit
        10526Ltd. Partner's at risk amt4,685,62713.14902
        N/A45Eligible taxable capital gains amount on resource property1,494,6424.19433
        N/A14Partnership's total gross income2,030
        1287Interest from Cdn Sources2,0300.00570
        1326AActual amount of Eligible Dividends00.00000
        21015ACarrying charges372,9471.04658
        15110Capital gains(losses) (R15: used to calculate the deduction)
        15112Capital gains(losses) (R15:not used to calculate the deduction)4,162,02411.67966
        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 - renuciation00.00000
        194N/AAmount - Exp qualifying for ITC00.00000
        197N/ABC - Expenses - Tax Credit00.00000
        198N/ABC - Expenses - Tax Credit00.00000
        200N/AON - Expenses - Tax Credit00.00000
        N/A53Limited-recourse amounts0

        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.

        This tax guide contains tax information relating to Forms T5013 and RL 15 which will assist you in preparing your 2015 income tax return: Brompton Funds Flow-Through Tax Guide 2015 Tax Year

        T5013(A)R15DescriptionTotalPer Unit
        10526Ltd. Partner's at risk amt9,475,12126.58952
        N/A45Eligible taxable capital gains amount on resource property283,2100.79476
        N/A14Partnership's total gross income14,885
        1287Interest from Cdn Sources14,8850.04177
        1326AActual amount of Eligible Dividends00.00000
        21015ACarrying charges404,0231.13379
        15110Capital gains(losses) (R15: used to calculate the deduction)
        15112Capital gains(losses) (R15:not used to calculate the deduction)566,4211.58952
        N/A12-1Capital gains (or losses) on property other than resource property00.00000
        N/A24ACapital gains (or losses) on on resource property566,4211.58952
        N/A24BMember Corp's share of debt
        N/A24CMember Corp's share of qualified property
        N/A27Member Corp's share of total assets
        N/A60Limited Partnership Loss
        190N/ACdn exploration expense - renuciation8,562,37924.02814
        194N/AAmount - Exp qualifying for ITC3,774,86010.59318
        197N/ABC - Expenses - Tax Credit00.00000
        198N/ABC - Expenses - Tax Credit992,5002.78520
        20053ON - Expenses - Tax Credit400,2001.12306
        N/A50Limited-recourse amounts00.00000
        20151Number of units acquired356,348
        20252Cost per unit25.00
        203Total cost of units8,908,700