Marquest 2016-II Mining Super Flow-Through Limited Partnership (National Class and Québec Class) Files Preliminary Prospectus

Toronto – Marquest 2016-II Mining Super Flow-Through Limited Partnership (the
“Partnership”) is pleased to announce that it has filed a preliminary prospectus (the
“Prospectus”) dated August 12, 2015 with the securities commissions or similar authorities
in each of the provinces and territories of Canada.

National Class
The investment objectives of the National Class portfolio are to preserve capital; achieve
capital appreciation; and to provide holders of National Class units with a tax-assisted
investment in a diversified portfolio of flow-through shares issued by resource issuers
engaged in mineral exploration and development in Canada that will incur “Canadian
exploration expenses” (“CEE”).

Investors in National Class units are expected to receive tax deductions for 2016 of up to
approximately 100% of the amount invested plus potential further reductions in tax
otherwise payable by the federal investment tax credit, based on and subject to certain
conditions as set forth in the Prospectus.

Québec Class
The investment objectives of the Québec Class portfolio are to preserve capital; achieve
capital appreciation; and to provide holders of Québec Class units with a tax-assisted
investment in a diversified portfolio of flow-through shares issued by resource issuers
engaged in mineral exploration and development primarily in the Province of Québec that
will incur CEE.

Investors in Québec Class units are expected to receive tax deductions for 2016 of up to
approximately 120% of the amount invested plus potential further reductions in tax
otherwise payable by the federal investment tax credit, based on and subject to certain
conditions as set forth in the Prospectus.

Each portfolio’s investment strategy is to invest in flow-through shares that: (a) represent
good value in relation to the market price and intrinsic value of the shares of a resource
issuer; (b) are issued by resource issuers that have experienced and capable senior
management; (c) have a strong exploration or development program; and (d) offer potential
for future growth.

Mutual Fund Rollover Transaction
On or before September 30, 2017, and in any case no later than August 15, 2018, the
General Partner intends to transfer the assets in the National Class portfolio and the
Québec Class portfolio to the Mutual Fund (as defined in the Prospectus) in exchange for
shares of the Mutual Fund.

The syndicate of agents for the offering is being led by National Bank Financial Inc., CIBC
World Markets Inc., and Scotiabank and includes BMO Capital Markets, RBC Capital
Markets, TD Securities Inc., Desjardins Securities Inc., Canaccord Genuity Corp., GMP
Securities L.P., Industrial Alliance Securities Inc., Raymond James Ltd., Manulife Securities
Incorporated, Echelon Wealth Partners Inc. and Laurentian Bank Securities Inc.

For further information, please contact:
Andrew Bentley
Marquest Asset Management Inc.
161 Bay Street, Suite 4420
Toronto, Ontario M5J 2S1
647.788.2034
abentley@marquest.ca