EnerVest Energy and Oil Sands Total Return Trust Announces Special Meeting of Unitholders

CALGARY, ALBERTA--(Marketwire - Feb. 6, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

EnerVest Energy and Oil Sands Total Return Trust (the "Fund") EOS today announced that a special meeting of unitholders will be held on Tuesday, March 26, 2013 at 10:00 am (Calgary time) at The Conference Centre, First Canadian Centre, 350 - 7th Avenue S.W., Calgary, Alberta. The record date for the purpose of determining the unitholders entitled to receive notice and vote at the special meeting is the close of business on February 15, 2013.

The purpose of the special meeting is to consider and, if deemed appropriate, approve amendments to the Fund's declaration of trust including: expanding the investment focus of the Fund to include other energy issuers in addition to oil sands related issuers and oil and gas issuers, permitting Canoe Financial LP to terminate the Fund without a unitholder meeting if it is no longer economically feasible to continue the Fund or it would otherwise be in the best interests of the Fund, and expanding the circumstances under which the Fund may merge with another fund without a unitholder meeting.

A management information circular providing full details of the proposed amendments will be mailed to all unitholders of record as of February 15, 2013 on or about February 21, 2013. The management information circular will also be available on www.sedar.com and on the Canoe Financial website.

About The Fund

The Fund is listed on the TSX under the symbol EOS.UN and provides a diversified portfolio of securities of companies, royalty and income trusts, and similar issuers involved directly or indirectly with oil sands development. The Fund also invests in oil and natural gas issuers to assist in providing ongoing monthly cash distributions. The Fund is suited for investors who want an actively managed portfolio targeting this strategy, which has the potential for capital appreciation while delivering a tax-advantaged monthly distribution. The Fund is managed by Rafi G. Tahmazian, Senior Portfolio Manager at Canoe Financial.

About Canoe Financial LP

Canoe Financial is the Portfolio Manager and Manager of the Fund. Canoe Financial is an investment management firm focused on building financial wealth for Canadians through investing in Canada. Its 'GO CANADA!' investment thesis reflects Canoe's strategic confidence in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources, and Canada's sound fiscal structure, Canoe believes this country provides long-term growth potential for investors.

Canoe is one of Canada's fastest-growing mutual fund companies and as at January 31, 2013, manages approximately $1.6 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.

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.

Rafi G. Tahmazian, Senior Portfolio Manager, is a director of Artek Exploration Ltd. and Sulvaris Corp.

FOR FURTHER INFORMATION PLEASE CONTACT:
Canoe Financial LP
Investor Relations
1-877-434-2796
info@canoefinancial.com
www.canoefinancial.com