Qwest Energy 2007 Flow-Through
Limited Partnership (Spring 2007)

Qwest Energy 2007 Flow-Through Limited Partnership was launched January 30, 2007 and raised $23,615,200 by April 26, 2007.

The Portfolio Management Team continues to be strategically focused on investing in flow-through shares issued by Canadian resource companies and principally, oil and gas companies which have: experienced management teams; focused assets and production growth opportunities; qualified land and operational teams; a risk management strategy, and management with capital markets expertise and financial acumen.

INVESTOR INFORMATION

Portfolio Management Team

The Qwest Energy 2007 Flow-Through Limited Partnership has retained Qwest Investment Fund Management Ltd. to provide investment advisory and fund management services. More

Liquidity

Qwest Energy 2007 Flow-Through Limited Partnership is anticipated to have a liquidity event on or before June 30, 2009.

Portfolio Performance as at October 31, 2008

Original Unit Price	Net Asset Value/Unit

$25.00	$11.99

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