Sextant Categorically Denies Any Wrong Doing and Will Vigorously Defend the Unproven Allegations to

Date: Thursday, December 11, 2008
Author: CNW

The Staff of the Ontario Securities Commission (OSC) has alleged that Sextant Capital Management Inc., Sextant Capital GP Inc., Sextant Strategic Opportunities Hedge Fund L.P. and various people associated with these entities ("Sextant") have violated Ontario securities laws. The Ontario Securities Commission is making unproven allegations that we will vigorously defend against and prove wrong before the Commission. Sextant did not come to the party with its eyes closed thus maintained a very conservative posture over the past three years, while gaining a 730 percent return for its investors amidst the worst bear market in history; knowing full well that these returns would draw attention and be subject to scrutiny.
Sextant has protected its investors assets by having the vision over 2 years ago to obtain exclusive 95 year rights to Glacier Water reserves. Water is fast becoming the World's No. 1 most sought after Commodity and Investment. Many countries including Canada have blocked export of this vital Commodity as Water becomes scarcer worldwide. We will be presenting facts in our response to the Staff's Statement of Allegations specifically addressing these allegations. Sextant looks forward to the opportunity to present its case and counter these allegations in the proper venue.
We, as always, will continue to act with the best interest of our investors in mind. Sextant will overcome these unproven allegations and continue to serve Canadian investors as they too deserve access to these rare investment opportunities. We look forward to working together through this period. We would also like to thank all of our loyal investors for their support.

With sincere regards,

Dr. Otto Spork
Sextant Capital Management

For further information: Dr. Otto Spork, Sextant Capital Management, invest@sextantcapital.com