Altamira Press Release

Introducing the Altamira Energy Fund

TORONTO (November 1, 2004) Altamira Investment Services today announced the launch of the Altamira Energy Fund. Effective immediately, this new fund is available for sale to investors.

The Altamira Energy Fund endeavours to provide maximum capital growth for participating investors by investing in Canadian and global companies involved in the exploration, production, transportation and distribution of all forms of energy and those companies that support them. The Fund will invest in traditional energy sources, such as oil, natural gas and coal, as well as other energy-related operations such as pipelines, utilities and manufacturing. In addition, this fund may invest in alternative energies, including fuel cell, solar power and wind power.

A unique feature of this Fund is it will also consider for inclusion those companies that:

Have a strong mandate for alternative energy research and development
Are suppliers to the energy sector, and;
Are developing new energy conservation technologies.

"Longer term, with increasing demand and dwindling supply for traditional energy sources and the evolving potential of alternative energy this fund is ideal for investors with over a five-year investment horizon as part of a well diversified portfolio", said Altamira Chief Investment Strategist Ian Dillon.

FUND DETAILS
Opening Net Asset Value	$10.00
Management Fee	2.15%
Minimum Investment	$1,000 (Subsequent $100) Automatic Investment Plans: $50
Distributions	Payable Annually
RRSP Eligibility	100%

Jim Huang and Craig Porter of Natcan Investment Management Inc., a subsidiary of the National Bank of Canada, will co-manage the Fund.

Investors can obtain more detailed information on the Altamira Energy Fund at www.altamira.com or by contacting an Altamira Investment Specialist at 1-888-ALTAMIRA.

Altamira is a leading investment services company, offering a wide range of mutual funds, savings products, custom portfolios, and financial planning to both individual investors and institutional clients. Personal attention, expert advice and investment performance are the foundation of Altamira's award-winning client service. The company is headquartered in Toronto with offices across the country, and is a subsidiary of the National Bank of Canada.