GrowthWorks Canadian Fund Ltd. and GrowthWorks Ltd.

FOR IMMEDIATE RELEASE

May 4, 2011

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF

AN APPLICATION BY THE SPECIAL COMMITTEE OF

DIRECTORS OF THE VENGROWTH FUNDS

AND

IN THE MATTER OF

GROWTHWORKS CANADIAN FUND LTD. AND

GROWTHWORKS LTD.

TORONTO -- The Office of the Secretary issued a Notice of Hearing setting the matter down to be heard on June 1, 2011 at 10:00 a.m. or as soon thereafter as the hearing can be held in the above named matter.

A copy of the Notice of Hearing dated May 4, 2011 and the Application dated May 2, 2011 are available at www.osc.gov.on.ca.

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