August 31, 2006 at 10:04 AM EDT
NCE Diversified Flow-Through '06-2' Limited Partnership Files Final Prospectus for a $65,000,000 Maximum Offering

NCE Resources Group is pleased to announce that the final prospectus for a new flow-through investment, NCE Diversified Flow-Through (06-2) Limited Partnership (the "Partnership"), has been filed with the securities commissions and regulatory agencies in each of the provinces and territories of Canada.

The Partnership

The Partnership has been created for the purpose of investing in flow-through shares of resource issuers engaged either in oil and gas exploration, development and/or production; mineral exploration, development and/or production; or, to a lesser extent, renewable energy exploration and development, which qualify for Canadian renewable and conservation expenses. The actual allocation of the Partnership's investment portfolio will be determined based on the investment opportunities available during the investment period. The Partnership will endeavour to invest all proceeds available for investment by December 31, 2006.

Objective of the Partnership

The objective of the Partnership is to achieve capital appreciation and to maximize the tax benefits received by investors.

Tax benefits

Investors will be eligible to receive tax benefits through participation in the Partnership, including an approximate 100% deduction in 2006 of the amount of their investment based on completion of the maximum offering and on certain other assumptions as set forth in the prospectus.

Offering price

The price per unit is $25.00 with a minimum subscription of 200 units ($5,000).

Investment advisor and industry advisor

The general partner has retained Sentry Select Capital Corp. to select potential investments and to provide advice on and manage the investment portfolio of the Partnership. Sentry Select Capital Corp. is a wealth management company providing investment, administrative and marketing services to 33 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 16 mutual funds, 15 principal-protected notes and three flow-through limited partnerships. As of July 31, 2006, the firm had approximately $8.5 billion in gross assets under management. The general partner has also retained Schachter Asset Management Ltd., a Canadian investment management firm, to provide it with general oil and gas industry advice.

Management

The general partner is a corporation formed under the laws of the Province of Ontario. The General Partner is a member of the NCE Resources Group, which is an oil and gas investment management organization specializing in energy investments and providing a full range of technical, operational, administrative and investor services. Since 1984, the NCE Resources Group has invested or managed the investment of more than $2.0 billion in the acquisition, development and exploration of resource properties and securities of resource issuers, and has entered into drilling, joint venture and other similar arrangements with more than 400 oil and gas industry participants.

Agents

The syndicate of agents co-led by RBC Capital Markets and CIBC World Markets Inc., includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Blackmont Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Desjardins Securities Inc., Dundee Securities Corporation, Jory Capital Inc., Research Capital Corporation and Wellington West Capital Inc.


The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4


Contacts:
Sentry Select Capital Corp.
Investor Services
(broker/investor inquiries)
1 (888) 246-6656
(416) 364-1197 (FAX)

Sentry Select Capital Corp.
Kinga Lam
(media inquiries)
1 (888) 246-6656
(416) 364-1197 (FAX)
info@sentryselect.com
www.sentryselect.com

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