CDE

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA. 


Canoe Financial LP (the "Manager" or "Canoe") announced today that it has
completed the second and final closing for the initial public offering (the
"Offering") of limited partnership units ("Units") of Canoe 2014 Flow-Through LP
(the "Partnership") in each of the provinces of Canada, except Quebec. In
combination with the first closing on February 14, 2014, the Partnership has
issued an aggregate of 1,254,721 class CDE Units and 800,000 class CEE Units at
$25.00 per Unit for aggregate gross proceeds of $51,368,025 - one of the largest
flow-through offerings to date in 2014.


The Partnership's investment objective is to provide limited partners with
exposure to quality tax-advantaged energy investments of one or both of its two
separate investment portfolios: (i) one consisting primarily of Canadian
Development Expense ("CDE") flow-through shares of resource companies (the
"Class CDE Portfolio"); and (ii) one consisting primarily of Canadian
Exploration Expense ("CEE") flow-through shares of resource companies (the
"Class CEE Portfolio", and together with the Class CDE Portfolio, the
"Investment Portfolios"). The Partnership provides investors with the choice of
investing in either the Class CDE Portfolio or the Class CEE Portfolio or a
combination of both, allowing investors to target their specific investment
requirements.


The Investment Portfolios will be managed by Canoe Financial LP, a Calgary-based
investment management firm with approximately $2.2 billion in assets under
management. Canoe's personnel have experience investing in and operating oil and
natural gas companies as well as financing and structuring energy-related
transactions.


The Offering was conducted by a syndicate of agents co-led by Scotiabank, CIBC
and RBC Capital Markets and included BMO Capital Markets, Desjardins Securities
Inc., National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities
L.P., Peters & Co. Limited and Raymond James Ltd.


About Canoe Financial LP

Canoe Financial is an investment management firm focused on building financial
wealth for Canadians through investing in Canada. Its 'GO CANADA!(R)' investment
thesis reflects Canoe's strategic confidence in Canada as a place to invest.
With continued global urbanization, increasing worldwide demand for resources,
and Canada's sound fiscal structure, Canoe believes this country provides
long-term growth potential for investors.


Canoe is one of Canada's fastest-growing mutual fund companies and as at
February 28, 2014, manages approximately $2.2 billion in assets through its
investment products. To learn more about Canoe Financial, visit
www.canoefinancial.com.


(R) GO CANADA! is a registered trade-mark of Canoe Financial LP.

Forward-Looking Statement: Certain statements included in this news release
constitute forward looking statements which reflect Canoe Financial's current
expectations regarding future results or events. Words such as "may," "will,"
"should," "could," "anticipate," "believe," "expect," "intend," "plan,"
"potential," "continue" and similar expressions have been used to identify these
forward-looking statements. Forward-looking statements involve significant risks
and uncertainties and a number of factors could cause actual results to
materially differ from expectations discussed in the forward looking statements
including, but not limited to, changes in general economic and market conditions
and other risk factors. Although the forward-looking statements are based on
what Canoe Financial believes to be reasonable assumptions, we cannot assure
that actual results will be consistent with these forward-looking statements.
Investors should not place undue reliance on forward-looking statements. These
forward-looking statements are made as of the current date and we assume no
obligation to update or revise them to reflect new events or circumstances.


This communication is not to be construed as a public offering to sell, or a
solicitation of an offer to buy securities. Such an offer can only be made by
way of a prospectus or other applicable offering document and should be read
carefully before making any investment. This release is for information purposes
only. Investors should consult their Investment Advisor for details and risk
factors regarding specific strategies and various investment products.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canoe Financial LP
Investor Relations
1-877-434-2796
info@canoefinancial.com
www.canoefinancial.com

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