Shoreline Energy Fund Announces $100,000,000 Private Placement

TORONTO, ONTARIO, Jun 01 (MARKET WIRE) --
Shoreline Energy Fund ("Shoreline" or the "Fund"), is pleased to announce
that it has entered into an agreement with Acumen Capital Finance
Partners Limited ("Acumen" or the "Agent") to complete a private
placement, on a commercially reasonable best efforts basis, of up to
1,000,000 trust units of the Fund (the "Units") at a price of $100.00 per
Unit for total gross proceeds of up to $100,000,000 (the "Offering"). The
initial closing is scheduled to be held on June 30, 2009. Subsequent
closings may be held provided that the final closing occurs no later than
December 31, 2009.

Shoreline Energy Fund's investment manager and an experienced oil & gas
technical consultant team collaborate to identify and fully evaluate
opportunistic investments in the Canadian Oil and Gas Sector. A unique
analytical process allows the Fund to better understand all investments
"up from the well level", which increases the quality of the portfolio.
The Technical Consultant Team provides the ability for the Fund to own
oil & gas assets, with the benefits to the Fund coming from increased
control by the investment manager over actual operations that could
enhance future value as commodity prices recover.

THIS PRESS RELEASE IS NOT TO BE CONSTRUED AS A PUBLIC OFFERING IN ANY
PROVINCE IN CANADA UNLESS A PROSPECTUS RELATING THERETO HAS BEEN ACCEPTED
FOR FILING BY A SECURITIES COMMISSION OR SIMILAR AUTHORITY IN SUCH
PROVINCE. THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN
THE UNITED STATES. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES
ACT").

This press release contains forward-looking statements including
expectations of future investment returns. These statements are based on
current expectations that involve a number of risks and uncertainties
which could cause actual results to differ from those anticipated. Should
any of these risks or uncertainties materialize, or should assumptions
underlying forward-looking statements prove incorrect, actual results may
vary materially from those described in this press release. Shoreline
Energy Fund and the investment manager believe the expectations reflected
in those forward-looking statements are reasonable, but no assurance can
be given that these expectations will prove to be correct. Such
forward-looking statements included in this press release should not be
unduly relied upon. These statements speak only as of the date of this
press release.

Contacts:
Shoreline Energy Fund
Trevor Folk
(403) 648-9197
www.fwmsecurities.ca

Acumen Capital
Kelly Hughes
(403) 571-5036

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