a subsidiary of Purpose Investment Inc.

Proposed merger of Frontier Alt All Terrain Canada Fund into frontierAlt All Terrain World Fund

Toronto, Ontario – November 27, 2007 – Toronto-based frontierAlt Funds Management Limited (“frontierAlt”) announced today the proposed merger of the frontierAlt All Terrain Canada Fund (the “Canada Fund”) into the frontierAlt All Terrain World Fund (the “World Fund”). Upon completion of the proposed merger, the name of the World Fund is intended to be changed to “frontierAlt Opportunistic Global Fund”. The proposed merger will be subject to regulatory approval and approval by the unitholders of the Canada Fund at a special meeting to be held on January 29, 2008. Prior to the meeting, a management information circular and form of proxy will be mailed to unitholders. If approved, the proposed merger is expected to become effective on or about January 31, 2008. The Series A, F and I units of the Canada Fund (including units purchased under a pre-authorized chequing plan) will be closed to all new purchases effective as of the close of business on the business day immediately before the effective date of the merger. Unitholders of the Canada Fund will continue to have the right to redeem their units at any time up to the close of business on the business day immediately before the effective date of the merger

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