WCSB Oil & Gas Royalty Income 2009 Limited Partnership-Offering Closed: $25,926,200 Raised

• Press Release
• Source: WCSB Oil & Gas Royalty Income 2009 Limited Partnership
• On 8:01 pm EDT, Wednesday September 23, 2009

CALGARY, ALBERTA--(Marketwire - Sept. 23, 2009) - WCSB Oil & Gas Royalty Income 2009 Limited Partnership ("the Partnership") is pleased to announce the completion of the final closing of its public offering of Limited Partnership Units on September 23, 2009. The Partnership issued in total, 259,262 Units for gross proceeds of $25,926,200.

Partnership Objectives.

WCSB Oil & Gas Royalty Income 2009 Management Corp. ("the General Partner" of the Partnership) believes that the long term fundamental outlook for the energy sector is attractive. Although there will be volatility in energy prices over the short term, companies involved in the production of oil and natural gas will realize strong cash flow and profits attributable to attractive commodity prices driven primarily by robust global demand, limited excess production capacity and restricted supplies.

The General Partner intends to provide Limited Partners with: i) income; ii) capital appreciation and potential liquidity through the sale or roll-over of its assets (a "Liquidity Event"); and iii) a 100% tax deductible investment by participating in the development of, and, to a lesser extent, the exploration for oil and natural gas.

The General Partner is targeting a 16% annualized return on invested capital (net of projected tax savings) after fees and expenses.

The Syndicate.

The Syndicate of Agents for the offering was led by Dundee Securities Corporation and BMO Capital Markets and included HSBC Securities (Canada) Inc., Canaccord Capital Corp., Wellington West Capital Markets Inc., Blackmont Capital Inc., Manulife Securities Inc., Raymond James Ltd., Research Capital Corp., GMP Securities L.P., M Partners Inc., MGI Securities Inc. and PI Financial Corp.

Offering Jurisdictions.

British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Newfoundland and Labrador and Prince Edward Island.

About WCSB Royalty Income Investment Programs.

WCSB Royalty Investment Programs are jointly owned and operated by CADO Bancorp Ltd. and Brickburn Asset Management Inc.

CADO Bancorp Ltd. specializes in structuring, distributing and managing high quality tax-assisted investments.

WCSB Royalty Income Investment Programs are structured to provide investors with up to a 100% tax deduction, monthly income and capital gains potential.

An amended and restated prospectus dated August 12, 2009 relating to these securities has been filed with the securities commissions or similar authorities in each of the offering jurisdictions for the purpose of distribution to the public. This press release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. This release is provided for information purposes only. Commissions, trailing commissions, management fees and interests and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Shane Doyle
CADO Bancorp Ltd.
President
604.684.5742
604.684.5748 (FAX)
info@cadobancorp.ca
www.wcsb.ca