Class A Share Price $13.76 (as of February 3, 2012)
Class I Share Price $10.04 (as of February 3, 2012)

Diversified Class A-SHARES

Golden Opportunities Fund invests capital into small and medium-sized businesses.

The Fund's mandate, to maintain a diversified portfolio across all industry sectors, is reconfirmed by its investments in strategic sectors.

The following provides details of the Fund's portfolio holdings to date.

Name  DescriptionSector
ADC Enterprises 4 Inc.

Invested in Assiniboia Farmland LP, a limited partnership that acquires, consolidates, and manages agricultural farmland in the province of Saskatchewan.

Agriculture
Big Sky Farms Inc.

Saskatchewan's largest and Canada's third largest farrow-to-finish pork producer, headquartered in Humboldt, Saskatchewan with production facilities in Saskatchewan and Manitoba.

Agriculture
Big Sky Management Consulting Corp.

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Agriculture
BlackPearl Resources Inc.

Publicly held Canadian oil and gas company focused on heavy oil and oil sands assets located in western Canada.

Oil and Gas
BNP Resources Inc.

Public oil and gas exploration company with operations in Saskatchewan and Alberta that has assembled a diverse land base.

Oil and Gas
Can Pro Ingredients Ltd.

Uses proprietary technology developed at the University of Saskatchewan to manufacture and sell specialty canola bioproducts that have a sustainable competitive advantage in the international animal and aquaculture feed industry.

Value Added Manufacturing
CanElson Drilling Inc.

Public company engaged in the manufacturing and operation of drilling rigs and a leading provider of oilfield services in Western Canada.

Oil and Gas
Cevena Bioproducts Inc.

Science-based manufacturer and supplier of technologically superior ingredients for the dietary supplement and functional foods markets.

Biotechnology
Cipher Energy Inc.

Oil and gas exploration and production company with heavy oil properties in west central Saskatchewan and natural gas properties in Alberta.

Oil and Gas
Connect Energy Holdings Ltd.

Private natural gas marketing partnership that offers fixed long-term natural gas contracts to small and mid-volume commercial and end-user segments.

Energy Services
Cordy Oilfield Services Inc.

Publicly traded oilfield and construction services consolidator providing management and financial expertise, capital resources, and strategic planning to growth oriented companies it has acquired.

Oil and Gas
Credence Resources Inc.

Oil and gas company partnering with leading management teams of oil and gas companies that operate in Western Canada.

Oil and Gas
Credence Resources Limited Partnership

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Oil and Gas
Crescent Point Energy Corp

A conventional oil and gas producer with assets strategically focused in western Canada.

Oil and Gas
Del-Air Systems Ltd.

Involved in the manufacturing of heat recovery and ventilation systems for the livestock industry, the manufacturing of playground equipment in both Canada and the United States through its Romperland brand, and is active in the area of custom plastic moldings and manufacturing of stages through Staging Canadell.

Value Added Manufacturing
Field Exploration Inc.An oil and gas investment company founded to capitalize on joint venture opportunities in Western Canada's energy sector with leading management teams such as Omatius Oil & Gas Inc. - the Fund's fourth partnership with this exceptional management team.Oil and Gas
Field Exploration Limited Partnership

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Oil and Gas
G4 Energy Limited Partnership

Limited partnership that invests in a variety of high-quality junior oil and gas companies undertaking exploration and development in Saskatchewan and Alberta.

Oil and Gas
G5 Energy Limited Partnership

Limited partnership that invests in a variety of high-quality junior oil and gas companies undertaking exploration and development in Saskatchewan and Alberta.

Oil and Gas
Golden Health Care Inc.

Addresses the needs of seniors, one of the fastest growing population groups in Canada with the highest percentage per capita located in Saskatchewan, by specializing in the development of unique long-term care facilities using an “age-in-place” model.

Healthcare
Hathersage Holdings Inc.

Provides strategic management expertise for Western Building Centres’ consolidation and acquisition activities in the building supplies industry.

Services
Input Capital Limited Partnership

Input Capital Limited Partnership is an opportunity for investors to participate in canola production with some of Saskatchewan's best canola farmers.

Agriculture
Jump.ca Wireless Supply Corp.

Leading seller of wireless technology in Saskatchewan, one of the fastest growing consumer markets in history, including cellular phones, wireless data solutions, high speed internet, interactive television, and monitored security systems.

Technology
Just Energy Group Inc.

Leading independent energy supplier with over 1.6 million electricity and natural gas residential and commercial customers under long-terms fixed-price contracts.

Renewable Energy
Legacy Oil & Gas Inc.

Publicly traded exploration and production Company that recently completed a re-capitalization and three simultaneous transactions, creating the third largest independent Bakken producer in southeast Saskatchewan with light oil production of approximately 4,000 boe/d focused in Saskatchewan and Manitoba with an inventory of 200 light oil development drilling locations and more than 205,000 net acres of undeveloped land.

Oil and Gas
LEX Energy Partners LP

A new strategic, investment for the Fund in a partnership focused on identifying opportunities and building the oil and gas industry in the province.

Oil and Gas
MatRRix Energy Technologies Inc.

Directional drilling innovator applying state-of-the-art technology to enhanced oil and gas extraction providing the ability for a rig to more successfully drill a directional or horizontal wellbore.

Oil and Gas Services
NAL Energy Corporation.

Acquires, develops, produces, and sells crude oil, natural gas, and natural gas liquids from southeast Saskatchewan, Alberta, British Columbia, and Ontario.

Oil and Gas
New Media Campus Inc.

Vocational school specializing in multimedia technology that expanded its operations with the purchase of the assets of Heinze Western College of Art and Technology Inc.

Education
Newton Energy Corporation

Engaged in the exploration and development of petroleum and natural gas properties.

Oil and Gas
NorAmera BioEnergy Corporation

Privately held renewable energy production facility located in the heart of southern Saskatchewan, in partnership with Weyburn Inland Terminal, the largest independent grain terminal in the Province.

Renewable Energy
NorAmera Properties Inc.

Real estate company that owns property.

Real Estate
NorAmera Technologies Inc.

Private company based in Weyburn, Saskatchewan, owns and operates two gasifiers in partnership with NorAmera BioEnergy Corporation with approximately 75% of grant funding from the Provincial/Federal Specific Risk Material Funding Program.

Renewable Energy
Penn West Petroleum Ltd.

One of the largest conventional oil and natural gas producers in Canada with a large and diversified asset portfolio, experienced and specialized teams, and extensive inventory of internal opportunities.

Oil and Gas
Performance Plants Inc.

Leading global ag-biotechnology company with patented technologies, used to weatherproof crops through periods of drought and heat to maximize yields, that are licensed to the world's leading seed companies.

Biotechnology
Phenomenome Discoveries Inc.

World-leading human health research company using its patented metabolomic biomarker discovery platform and informatic research tools to discover metabolite biomarkers for devastating diseases, such as colorectal cancer, Multiple Sclerosis, and Alzheimer's.

Biotechnology
Prairie Plant Systems Inc.

Pioneer in the plant-made pharmaceutical market incorporating state-of-the-art and cost effective plant-based solutions for challenges facing emerging markets, and contracted with Health Canada.

Biotechnology
Propel Energy Corp

A private junior oil and gas company, with core land holdings and drilling projects in the Frobisher oil play.

Oil and Gas
Quality Wireline Services Ltd.

Provides specialized Wireline Services called slickline technology to the oil and gas industry across Southern Saskatchewan which is a cabling technology used to lower a variety of equipment (tools) into an oil or gas well to deliver vital information to well operators, geologists, and engineers.

Oil and Gas
Rack Petroleum Ltd.

Retail agriculture services company located in Biggar, Saskatchewan, that markets agriculture services in the area of retail inputs such as fertilizers, crop protection products, fuel, animal feeds, and general crop consulting services.

Agriculture
Renegade Petroleum Ltd.A light oil focused exploration and production company with its assets located in Saskatchewan and an experienced management team that has a proven track record of growing oil and natural gas companies. Oil and Gas
Safety Seven Manufacturing Inc.

Manufactures, distributes, and sells safety and ergonomic products, has developed a strap-on, safety footwear product with anti-slip soles.

Value Added Manufacturing
Solido Design Automation Inc.

Electronic design automation company providing proprietary software solutions for transistor level designers working with analog/mixed-signal, custom digital, and memory integrated circuits in the semiconductor industry.

Technology
Strategic Resources Inc.

Strategic Resources is a junior exploration company with a focus on Uranium / Vanadium projects and has also acquired exploration projects that are prospective for Rare Earth mineralization.

Mining and Resources
Terra Grain Fuels Inc.

Largest wheat-based ethanol production facility in Canada operating a 150 million litre ethanol facility near Belle Plaine, Saskatchewan.

Renewable Energy
Trinidad Drilling Ltd.

Leading provider of high quality, modern oil and gas drilling equipment with a drilling fleet that is one of themost highly capable, expertly designed, well-equipped, adaptable and competitive in the industry.

Oil and Gas
Tyvan Oils Ltd.

Private oil and gas company focusing on the exploration, development, acquisition, and production of oil and gas in southeast Saskatchewan.

Oil and Gas
Vecima Networks Inc.

Publicly traded company and world-leading designer, manufacturer, and supplier of products and services that enable broadband access to cable, wireless, and telephone networks.

Technology
Villanova Oil Corp.

Saskatchewan based, privately-held oil and gas exploration and development company founded to capitalize on light oil opportunities in Southeast Saskatchewan. Villanova is managed by a team with significant industry experience and has a long-standing track record in previous ventures in producing areas throughout Southeast Saskatchewan.

Oil and Gas
West Mountain Capital Corp.

Publicly traded company that acquired Phase Separation Solutions Inc., an environmental company based in Wolseley, Saskatchewan , using proprietary technology to specialize in the treatment of a variety of contaminated soils, pharmaceutical waste, and recovery of hydrocarbons from industrial sludges.

Environmental
Western Building Centres Limited

Specializes in the consolidation of profitable Home Hardware branded operations as well as exploring additional acquisition opportunities within the building supplies industry.

Services
WestMan Exploration Ltd. Privately held oil and gas exploration and development company founded to capitalize on light oil opportunities and managed by a team with approximately 100 years of combined experience in the oil and gas sector.Oil and Gas
Weyburn Inland Terminal Ltd.

One of Canada's most innovative independent inland grain terminals and condominium complex and part-owner in Alliance Grain Terminal, a port in Vancouver.

Agriculture