Resolute Funds Ltd., the manager of the Resolute Growth Fund, today announced that the fund will be terminating effective June 2, 12 1/2 years after it commenced operations.

Prior to the termination date, the fund’s assets will be liquidated. Certain of the fund’s securities may be sold to the Resolute Performance Fund, pursuant to exemptive relief obtained from the securities regulatory authorities in this regard.

All of the fund’s units outstanding on the termination date will be redeemed on that date and the proceeds distributed to unitholders.

Additional information regarding the fund termination is being mailed to all unitholders today.

Units of the Resolute Performance Fund, launched in June 2005 and now with net assets in excess of $440 million, continue to be offered on a limited basis by the manager through selected brokers to qualified investors in a minimum initial investment amount of $150,000.