(Toronto, ON, August 8, 2007) –Front Street Resource Performance Fund Ltd. (the “Fund”) announced today that in connection with its previously announced initial public offering of units consisting of one equity share and one full equity share purchase warrant (the “Offering”), National Bank Financial Inc. and the other agents participating in the Offering (the “Agents”) exercised the over-allotment option granted to the Agents for an additional 580,000 equity shares and 580,000 warrants at a unit price of $10.00, representing net proceeds to the Fund from the exercise of such over-allotment option of $5,800,000.

The Fund is managed by Front Street Capital 2004 and advised by Front Street Investment Management Inc. The Units of the Fund are listed in the Toronto Stock Exchange under the symbol FRE.UN.

For further information:
Front Street Capital
Investor Relations
Toll free: 1-800-513-2832
or www.frontstreetcapital.com