Delisting of Units from the Toronto Stock Exchange

At a Special Meeting of Unitholders held on November 26, 2010, the Unitholders of the Fund passed resolutions approving: (i) the delisting of the Units from the Toronto Stock Exchange (the “TSX”) and (ii) certain amendments to the Fund’s Deed of Trust relating to the trading rights of Unitholders, cash redemptions and redemption limits.

Delisting of the Units from the TSX

In accordance with the resolution approved at the Special Meeting, the Fund arranged to have the Units delisted from the TSX effective the close of trading on December 15, 2010.

The Fund continues to be a reporting issuer in the Provinces of Alberta, Ontario, Quebec and Nova Scotia. Accordingly, the Fund will continue to file quarterly and annual financial statements and other continuous disclosure documents required by the applicable securities regulatory authorities, which will be posted on the SEDAR system and the existing outstanding Units will continue to be free from transfer restrictions under applicable Canadian securities laws.

For additional historical information please go to www.sedarplus.ca and company profiles:

The content above is for information purposes only, is not legally binding, is not maintained in real time, and is subject in all respects to Foremost’s Deed of Trust, and public disclosure filings as required by Canadian securities laws on www.sedarplus.ca under the company profiles.

Foremost Income Fund
Foremost Industries Income Fund
Foremost Industries Inc.

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