Catapult Energy 2008 Inc. Announces Initial Closing for Catapult Energy 2008 FTS Limited Partnership

Calgary, November 7, 2008 – Catapult Energy 2008 Inc. announced today the initial closing of the Catapult Energy 2008 FTS Limited Partnership (the “Partnership”). The Partnership issued 345,707 limited partnership units at $25.00 per unit for gross proceeds of approximately $8.64 million. The Partnership will invest in a portfolio of flow-through shares issued by resource issuers identified for investment by Catapult Financial Management Inc., the investment advisor to the Partnership. Catapult Energy 2008 Inc. is the general partner of the Partnership and is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSXV:AHF).

The maximum size of the offering is $15,000,000. The offering was co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc., and the syndicate of agents included BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Canaccord Capital Corporation, Dundee Securities Corporation and GMP Securities L.P.

Aston Hill Financial Inc. is a Calgary-based asset management company with expertise in the oil and gas sector, energy based trusts, oil and gas property management, private equity and high yield structured products

For further information concerning this Press Release, please contact:

Catapult Energy 2008 Inc.

Eric Tremblay
Aston Hill Financial Inc.
(403) 770-4817

Joanne A. Hruska
President
(403)770-4814

Larry Titley
Chief Financial Officer
(403)770-4808

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