CGS Resource Fund Ltd.

Inception	July 28, 2006
Unit Cost	N/A
Net Asset Value	$16.05 (2/3/2012)
net of fees and expenses

Top Portfolio Holdings (2/3/12)


Talisman Energy Inc	9.65%
Border Petroleum Corp	5.91%
Canyon Services Group Inc	5.65%
Trioil Resources Ltd	5.23%
Precision Drillng Corp	4.91%

Tax Reporting Info

No distributions were made in 2010 and therefore no tax reporting was provided.

Overview

CGS Resource Fund Ltd. is a mutual fund with an investment objective to achieve long-term capital growth by investing primarily in equity securities of Canadian oil and gas exploration and development companies. The fund was formed principally to provide a tax-free rollover option for investors in AGS Energy Limited Partnerships who chose not to redeem their flow-through fund limited partnership units at the time of flow-through fund rollover.