Front Street Capital 2005-I Limited Partnership today announced that it will be proceeding with the direct and indirect tax-deferred transfer of the assets of the Partnership into the Front Street Rollover Fund Limited.

The transaction will take place on January 25 after the close of business. In exchange for the assets, Rollover Fund Series A-1 shares will be issued to the Partnership and then distributed to individual limited partners. The Partnership will be dissolved on January 26.

Series A-1 shares are in book entry only form. Consequently, limited partners of the Partnership who want to redeem their Series A-1 shares must contact their brokers or dealers to exercise the redemption option. When shares are redeemed, the Rollover Fund will send the shareholder the proceeds within three business days after the calculation date for the net asset value used in establishing the redemption price. The Series A-1 shares issued under the Mutual Fund Rollover Transaction will be able to be redeemed through FundServ starting Monday, January 29.

The Rollover Fund is an incorporated open-ended mutual fund corporation created under the laws of Canada on Jan. 24, 2006, with Gary Selke as its CEO. It is not a reporting issuer for securities law purposes in any jurisdiction.

The Rollover Fund is advised by Front Street Investment Management Inc., the same investment advisor that has advised the Partnership. The fund’s investment objective is primarily to achieve capital appreciation through investment in a diversified portfolio of equity securities of resource issuers engaged in oil and gas or mining exploration, development or production or other forms of energy production, pulp and paper, forestry industries, or energy product and related resource businesses, such as pipeline or services companies and utilities. Front Street will assist the Rollover Fund in selecting investments in common shares and other securities of resource issuers, including junior resource issuers, in accordance with the investment strategies that may include short selling of securities which Front Street believes are overvalued.

The Rollover Fund will not charge a fee or commission when shares are acquired under the Mutual Fund Rollover Transaction and will not charge redemption fees. Front Street will be entitled to an annual advisor fee equal to 2.5% of net asset value and will be eligible for a performance fee.

Fund shares are categorized into series. At this time, only Series A-1 shares are being issued to investors. Series A-1 shares have “no load”. The issue price of the shares is based on the Net Asset Value per share determined in accordance with the Mutual Fund Rollover Transaction. The Rollover Fund will not issue certificates for fund shares, but will send shareholders a confirmation statement relating to all purchases and redemptions of shares within fifteen days of a transaction.

An offering memorandum has been prepared in respect of the distribution and is available to limited partners of the Partnership through their broker or by calling Front Street at 1-800-513-2832.