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CALGARY, ALBERTA--(Marketwire - April 18, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Canoe 'GO CANADA' Income Fund (the "Fund") (TSX:GCI.UN) announces the April 2011 distribution of $0.06 per unit. The record date for this distribution is April 29, 2011 and the distribution payment date will be May 13, 2011. The ex-distribution date for this payment is April 27, 2011.

The Fund's objective is to deliver a consistent, high-yield, monthly cash distribution from a portfolio of equity and fixed-income securities of primarily Canadian issuers that are consistent with Canoe's 'GO CANADA!' investment theme. This theme targets securities of companies that will take advantage of the increasing demand by emerging and developing economies for resources, assets and services provided by these Canadian issuers. At current unit prices, the Fund is providing unitholders with a yield of approximately 6.1%.

About the Fund

The Fund has been created to provide investors with exposure to a diversified portfolio comprised primarily of equity and fixed-income securities of Canadian issuers. The Fund is managed by Bob Haber, an award-winning portfolio manager and former CIO of Fidelity Investments Canada.

About Canoe Financial LP

Canoe Financial is an experienced and innovative investment management firm focused on building financial wealth for Canadians. Canoe currently manages approximately $1.8 billion in assets through its mutual fund and closed-end products. Canoe is a strong believer in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources and our sound fiscal structure, we believe Canada provides long-term growth potential for investors.

Canoe Financial is committed to providing exceptional client service and is a proud partner of Canada's Investment Advisor and Financial Planner network. To learn more about Canoe visit our website at [ www.canoefinancial.com ].

Haber is the Chief Executive Officer and Chief Investment Officer of Haber Trilix Advisors, LP, who is a sub-advisor to Canoe Financial LP.

Forward Looking Statement: Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect Canoe Financial LP's and its affiliates' ("Canoe") current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Canoe believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Canoe undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Investors should contact their Investment Advisor to review their investment objectives and strategies. This information is for review purposes only, and investors should consult their Investment Advisor for complete details and risk factors on specific strategies and various investment products.