Altamira Press Release

Introducing the Altamira Inflation-Adjusted Bond Fund

TORONTO (February 1, 2005) Altamira Investment Services Inc. (Altamira) today announced the launch of the Altamira Inflation-Adjusted Bond Fund. Effective immediately, this new fund is available for sale to investors.

The objective of the Altamira Inflation-Adjusted Bond Fund is to provide investors with regular income that is hedged against the effects of inflation, by investing primarily in Canadian (Federal and Provincial) real return government bonds and those issued by the governments of other countries, up to the current 30% foreign content limit.

The Fund is recommended for investors seeking:

Income hedged against the effects of inflation;
Moderate capital growth;
Exposure to a distinct asset class; and
Significant portfolio diversification.

In addition, the Altamira Inflation-Adjusted Bond Fund is available in two series, which have competitive minimums and management fee structures.

"Most investors are looking to generate returns that outpace inflation. The Altamira Inflation-Adjusted Bond Fund offers an opportunity to incorporate a lower-risk hedge against inflation than investing in equities, while typically improving portfolio diversification", said Altamira Chief Investment Strategist Ian Dillon.

FUND DETAILS
Opening Net Asset Value	$10.00
Management Fee	Series I – 1.15% Series A – 0.70%
Minimum Investment	Series I - $1,000 Series A - $150,000
Distributions	Quarterly
RRSP Eligibility	100%

Bruno Bourgeois, Senior Vice President of Fixed Income at Natcan Investment Management Inc., a subsidiary of the National Bank of Canada, will manage the Fund.

Investors can obtain more detailed information on the Altamira Inflation-Adjusted Bond 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 services 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. www.altamira.com