CALGARY, ALBERTA--(Marketwire - Dec. 13, 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 December 2011 distribution of $0.06 per unit. The distribution will be paid on January 13, 2011 to unitholders of record on December 30, 2011. The ex-distribution date for this payment is December 28, 2011.

About the Distribution

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.

About the Fund

The Fund is listed on the TSX under the symbol GCI.UN and provides investors with exposure to a diversified portfolio comprised primarily of equity and fixed-income securities of Canadian issuers. Bob Haber is the portfolio manager of the Fund. Bob is the former CIO and award-winning portfolio manager of Fidelity Investments Canada.

About Canoe Financial LP

Canoe Financial is the Manager of the Fund. Canoe Financial is an investment management firm focused on building financial wealth for Canadians. Canoe currently manages approximately $1.6 billion in assets through its investment products. Canoe is a strong believer in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources and its sound fiscal structure, we believe Canada provides long-term growth potential for investors.

To learn more about Canoe Financial, visit our website at [ www.canoefinancial.com ].

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

Forward Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Canoe Financial's current expectations regarding future results or events. Words such as "may," "will," "should," "could," "anticipate," "believe," "expect," "intend," "plan," "potential," "continue" and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.