BluMont Augen Limited Partnership 2008 and BluMont Augen Quebec Limited Partnership 2008 Rollovers Completed Into BluMont Augen Resource Strategy Fund Inc.

TORONTO, ONTARIO--(Marketwire - Aug. 18, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCE.

BluMont Augen General Partner 2008 Inc., and BluMont Augen Quebec General Partner 2008 Inc., the General Partners respectively of the BluMont Augen Limited Partnership 2008 and BluMont Augen Quebec Limited Partnership 2008 (the "Partnerships"), each a limited partnership that invests primarily in flow-through shares of Canadian resource companies involved in mineral exploration, announced today that each had completed, on August 14, 2009, the previously announced transfer of the assets of the Partnerships to BluMont Augen Resource Strategy Fund ("BluMont Augen RS Fund"), a mutual fund corporation, in exchange for Class G (Fund Code : AUG 591) and Class H (Fund Code: AUG 611) redeemable mutual fund shares, respectively, having equal value.

The exchange ratio, based on the final net asset value of BluMont Augen Limited Partnership 2008 and the August 14, 2009 net asset value of BluMont Augen RS Fund, is 1.8983 Class G shares in BluMont Augen RS Fund for every BluMont Augen Limited Partnership 2008 unit held. The exchange ratio, based on the final net asset value of BluMont Augen Quebec Limited Partnership 2008 and the August 14, 2009 net asset value of BluMont Augen RS Fund, is 2.0319 Class H shares in BluMont Augen RS Fund for every BluMont Augen Limited Partnership 2008 unit held.

Limited Partners of the Partnerships will become shareholders of BluMont Augen RS Fund on a tax-deferred rollover basis and the Partnerships will be dissolved on or before the date that is 60 days following the effective date of the rollover. Class G and Class H Shares may be redeemed beginning August 31, 2009; the next regularly scheduled monthly Valuation Date of BluMont Augen RS Fund. The continuous offering memorandum of BluMont Augen RS Fund is available to Limited Partners of the Partnerships through their investment advisor or by calling BluMont Capital at 866.473.7376.

About BluMont Capital

Founded in 2000, BluMont Capital offers investment products designed to provide enhanced diversification and return potential outside of traditional equity and bond investments. BluMont Capital employs a national sales force and is dedicated to setting new standards in delivering alternative products and services to Canadian retail investors.

BluMont Capital is a wholly-owned subsidiary of Toronto-based Integrated Asset Management Corp. (TSX:IAM), a leading Canadian alternative asset management company with approximately C$2.1 billion in assets and committed capital under management (www.iamgroup.ca).

This news release contains certain "forward-looking statements". The statements that are not historical facts contained in this press release are forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.