Golden Opportunities Fund Chosen as 2004 Canadian Labour Sponsored Fund of the Year!

December 15, 2004

Release Date: December 15, 2004
The 2004 Canadian Investment Awards were held on December 3, 2004 at the Roy Thomson Hall located in downtown Toronto. The black tie event, attended by the financial industry’s top performers and analysts, saw a Saskatchewan fund, Golden Opportunities Fund chosen as the 2004 Canadian Labour Sponsored Investment Fund of the Year.

With over 120 labour funds in Canada representing $9 Billion in assets under management this was the inaugural year in which the previously named Canadian Mutual Fund Awards identified a specific category for labour sponsored funds. The annual awards program, resembling the Oscar awards, saw individual funds chosen and honoured by a nation-wide panel of leading industry professionals and financial analysts.

The Canadian Investment Awards sponsored by key industry organizations including Morningstar Canada, CGI Inc., Canadian Business and Money Sense chose the finalists and winner for each award based on a stringent set of financial and qualitative criteria. The criteria includes the Fund’s past performance, liquidity, changes in assets, fee structure, redemption rate, management quality, job creation record, social responsibility, clarity reporting, and marketing initiatives. The award’s selection committee indicated that “Golden Opportunities is the first choice because of its consistent performance and the role it plays in raising money in its province.”

Grant Kook, CEO & Chairman of Golden Opportunities Fund accepted the award “on behalf of the thousands of shareholders who believed that investing in Saskatchewan works, the investment management team who has committed to a solid investment strategy and above standard transparency, and the board of directors. To receive this prestigious inaugural award as Canadian Labour Fund of the Year is truly a perfect ending to a tremendous year at Golden Opportunities Fund. To have the Fund recognized for its work and performance across Canada, coast to coast, is confirmation that Golden Opportunities is making an impact.”

Golden Opportunities Fund Inc. is Saskatchewan’s first and largest Provincial Labour-sponsored Fund, having raised $45 million in share capital to date from approximately 8,000 shareholders. The company has completed 50 investment transactions in 35 different Saskatchewan growth companies across a variety of industry sectors for diversification.

For additional information please contact Mr. Grant Kook, CEO/Chairman of the Fund at (306) 652-5557.

Saskatchewan Financial Services Commission has neither approved nor disapproved the information contained herein.