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


Canoe Financial LP (the "Manager" or "Canoe"), is pleased to announce that the
third and final closing of the public offering of limited partnership units
("Units") of the EnerVest 2011 Flow-Through LP (the "Partnership") has been
completed. The Partnership issued a total of 423,869 Units at $25.00 per Unit
for aggregate gross proceeds of approximately $10.6 million raised. 


The Partnership's investment objective is to provide Limited Partners with
exposure to quality, tax-advantaged energy investments within two separate
portfolios, consisting primarily of (i) Canadian Exploration Expense ("CEE")
Flow-Through Shares of Resource Companies (the "Class CEE Portfolio"); or (ii)
Canadian Development Expense ("CDE") Flow-Through Shares of Resource Companies
(the "Class CDE Portfolio", and together with the Class CEE Portfolio, the
"Investment Portfolios"). The Partnership provides the choice of investing in
either the Class CEE Portfolio or the Class CDE Portfolio or a combination of
both, allowing investors to tailor their investment to their specific investment
requirements. Approximately 46% of proceeds raised were allocated to the Class
CDE Portfolio, the balance of the proceeds were allocated to the Class CEE
Portfolio. 


The Investment Portfolios will be managed by Canoe Financial LP, a Calgary-based
investment management firm with approximately $1.7 billion in assets under
management. Canoe's investment personnel have extensive 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 CIBC and RBC
Capital Markets and included BMO Capital Markets, National Bank Financial Inc.,
Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., GMP Securities
LP, HSBC Securities (Canada) Inc., Macquarie Private Wealth Inc., Raymond James
Ltd., Wellington West Capital Markets Inc., Desjardins Securities Inc., Dundee
Securities Ltd., Mackie Research Capital Corporation and Manulife Securities
Incorporated.


About Canoe Financial

Canoe Financial is an experienced and innovative investment management firm
focused on building financial wealth for Canadians. Canoe currently manages
approximately $1.7 billion in assets through its mutual fund and closed-end
products. Canoe is a strong believer in Canada as a place to invest. With
continued global urbanization, increasing worldwide demand for resources and our
sound fiscal structure, we believe Canada provides long-term growth potential
for investors.


Canoe Financial is committed to providing exceptional client service and is a
proud partner of Canada's Investment Advisor and Financial Planner network. To
learn more about Canoe visit our website at www.canoefinancial.com.


Forward Looking Statement: Certain statements included in this news release
constitute forward-looking statements. The forward-looking statements are not
historical facts but reflect Canoe Financial LP's and its affiliates' ("Canoe")
current expectations regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current expectations.
Although Canoe believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not guarantees of
future performance and, accordingly, readers are cautioned not to place undue
reliance on such statements due to the inherent uncertainty therein. Canoe
undertakes no obligation to update publicly or otherwise revise any
forward-looking statement or information whether as a result of new information,
future events or other such factors which affect this information, except as
required by law.


This communication is not to be construed as a public offering to sell, or a
solicitation of an offer to buy securities. Investors should contact their
Investment Advisor to review their investment objectives and strategies. This
information is for review purposes only, and investors should consult their
Investment Advisor for complete details and risk factors on specific strategies
and various investment products.