Qwest Energy 2008 Flow-Through
Limited Partnership (Winter/Spring 2008)

Qwest Energy 2008 Flow-Through Limited Partnership was launched February 28, 2008 and raised $13,891,850 by April 29, 2008.

The Portfolio Management Team is 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 2008 Flow-Through Limited Partnership has retained Qwest Investment Fund Management Ltd. to provide investment advisory and fund management services. More

Liquidity

Qwest Energy 2008 Flow-Through Limited Partnership is anticipated to have a liquidity event on or before June 30, 2010.

Portfolio Performance as at October 31, 2008

Original Unit Price	Net Asset Value/Unit

$25.00	$11.83

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