SaskWorks Venture Fund's 2012 Fundraising Cap Raised by Government of Saskatchewan

REGINA, Saskatchewan (February 14, 2012) – SaskWorks Venture Fund Inc. (the “Fund”)  is pleased to advise that the Government of Saskatchewan has increased the annual cap for tax credit investment into the Fund, being a Labour-Sponsored Venture Capital Corporation, from fifty million dollars (CDN) ($50,000,000.00) to fifty-five million dollars (CDN) ($55,000,000.00). The cut-off date under the Fund’s prospectus is February 29, 2012, after which date investments are no longer eligible for a tax credit for the 2011 fiscal year as mandated by the Labour-Sponsored Venture Capital Corporation Act or the Income Tax Act (Canada).

The SaskWorks Venture Fund is a Saskatchewan-based Labour-Sponsored Investment Fund that invests in small- and medium-sized private businesses. SaskWorks currently has over 22,250 shareholders and, since inception, has invested in 75 eligible businesses.

For further information please contact:

Randy Beattie, Chief Executive Officer

or

Rob Duguid, Vice President, Chief Financial Officer and Corporate Secretary

(306) 791-4833

2011 SaskWorks Venture Fund Annual Report Published

The 2011 SaskWorks Venture Fund Annual Report is now available for download at www.saskworks.ca. The report highlights SaskWorks' record-breaking tenth anniversary year: in 2011, the Fund earned recognition as the top-performing,* top-selling** and largest*** Labour-Sponsored Investment Fund in the province of Saskatchewan.

Investments in SaskWorks must be facilitated through a licensed investment advisor.

*Top-Performing Saskatchewan LSIF in 2011 for the past 6 consecutive years, as per globefund.com as at October 31, 2011; copyright The Globe and Mail Inc. All rights Reserved.

**Top-Selling Saskatchewan LSIF in 2011 for the past 4 consecutive years, as per Enterprise Saskatchewan press release: "Venture Capital Funds Attract Millions from Saskatchewan Investors through the Invest in Saskatchewan Program" June 15, 2011.

***Largest Saskatchewan LSIF by Assets Under Management

Photo: Rhea Leibel

Big Hug Fund Halloween Bash Raises $6,000 for Best Buddies

Thank you for supporting the 3^rd annual PFM Big Hug Fund Halloween Bash! With your help, we raised $6,000 to benefit Saskatchewan’s Best Buddies chapters, bringing the Big Hug Fund’s 2011 fundraising total to $16,000.

The PFM Big Hug Fund was established in 2010 to support local charitable organizations and complement our team’s individual volunteer efforts. To date, the Fund has contributed to The Kidney Foundation of Canada, Hope’s Home, and the Best Buddies Blues Band.

For more information on the Big Hug Fund or our upcoming initiatives, please visit http://www.pfm.ca/funds/big-hug-fund.htm.

Big Hug Fund 3rd Annual Halloween Bash

At PFM, it’s our mission to provide more than just capital.

The PFM Big Hug Fund was established in 2010 to support local charitable organizations and complement our team’s individual volunteer efforts. Our 3rd Annual Halloween Bash, to be held on October 29th, 2011 at Crave Kitchen + Wine Bar, is the Big Hug Fund’s second charity event and the second in a series of initiatives to benefit Saskatchewan’s 7 Best Buddies chapters.

Best Buddies is an international organization that creates opportunities for one-to-one friendships, integrated employment and leadership development for individuals with intellectual or developmental disabilities.

To purchase tickets or for more information, please contact bighugfund@pfm.ca.

Sticks on Rose Street Hockey Tournament

Cheer on the PFM Capital Crushers in the 4th Annual Sticks on Rose Street Hockey Classic on Friday, June 10th! The tournament, presented by Stantec Consulting Ltd. and the Shooting Stars Foundation, will raise funds for Regina Palliative Care and local children’s charities.

3rd Annual PFM Capital Burger + Beer BBQ

Thank you for supporting the third annual PFM Capital Burger + Beer BBQ on June 7, 2011. The event's proceeds will be directed to Regina Palliative Care via The Shooting Stars Foundation.

Hospitality Network

In January 2011, PFM made its largest individual investment to date in Hospitality Network Canada (2011) Inc., the preferred provider of managed communication and entertainment solutions for the Canadian healthcare market. Headquartered in Regina, the company provides television and Internet service to more than 380 hospitals and seniors’ care homes nationwide. Hospitality Network has established itself as the Canadian industry leader, demonstrating sector expertise and maintaining long-standing client relationships.

PFM’s investment in Hospitality Network is syndicated between the APEX investment Fund and the SaskWorks Venture Fund’s Diversified share class. The transaction allowed Saskatchewan residents, through their investment in the Funds, to purchase Hospitality Network from SaskTel and keep the company’s head office in the province.

Record-Breaking Year for SaskWorks Venture Fund

Saskatchewan residents demonstrated overwhelming support for PFM Capital’s SaskWorks Venture Fund in the 2011 sales year, investing a record-breaking $50 million into the Fund! As Saskatchewan’s top-performing Labour-Sponsored Investment Fund since 2005, SaskWorks has consistently delivered positive returns for its shareholders while deploying significant capital into Saskatchewan’s private business community.

SaskWorks’ prospective investment opportunities currently outpace the Fund’s ability to raise capital. Our fundraising efforts, coupled with proceeds from the Fund’s exits, have allowed SaskWorks’ board and management team to approve for investment more dollars than were raised through sales since 2007. With nearly one third of the $50 million raised this year already approved for investment, the Fund is on pace to meet or exceed its capital placement goals in 2011.

Click here for more information about the SaskWorks Fund or to read the Fund’s 2011 Semi-Annual Report.