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Press Release

Ninepoint 2020 Flow-Through Limited Partnership Announces Completion of Rollover Transaction

TORONTO, February 9, 2021 – Ninepoint 2020 Flow-Through Limited Partnership (the “Partnership”), announced today that it had completed the tax-deferred transfer of the assets of the Partnership (the “Mutual Fund Rollover Transaction”) into Ninepoint Resource Class (the “Resource Fund”) of Ninepoint Corporate Class Inc. on February 5, 2021, as discussed in the Partnership’s press release of November 13, 2020.

National Class Rollover Details

2,637,507 Series A shares of the Resource Fund were issued at their net asset value of $8.2489 per share. The final net asset value per National Class Partnership Class A unit for purposes of the Mutual Fund Rollover Transaction was $29.7341 per Partnership unit. Accordingly, each holder of National Class Partnership Class A units will receive 3.6046 Resource Fund Series A shares for each National Class Partnership Class A unit held. The adjusted cost base for each National Class Partnership Class A unit was $8.5995 per Partnership unit and the adjusted cost base for each allocated Resource Fund Series A share was $2.3857 per share.

410,599 Series F shares of the Resource Fund were issued at their net asset value of $8.9250 per share. The final net asset value per National Class Partnership Class F unit for purposes of the Mutual Fund Rollover Transaction was $30.9928 per Partnership unit. Accordingly, each holder of National Class Partnership Class F units will receive 3.4726 Resource Fund Series F shares for each National Class Partnership Class F unit held. The adjusted cost base for each National Class Partnership Class F unit was $9.3970 per Partnership unit and the adjusted cost base for each allocated Resource Fund Series F share was $2.7060 per share.

Quebec Class Rollover Details

396,960 Series A shares of the Resource Fund were issued at their net asset value of $8.2489 per share. The final net asset value per Quebec Class Partnership Class A unit for purposes of the Mutual Fund Rollover Transaction was $24.5059 per Partnership unit. Accordingly, each holder of Quebec Class Partnership Class A units will receive 2.9708 Resource Fund Series A shares for each Quebec Class Partnership Class A unit held. The adjusted cost base for each Quebec Class Partnership Class A unit was $7.5308 per Partnership unit and the adjusted cost base for each allocated Resource Fund Series A share was $2.5349 per share.

61,342 Series F shares of the Resource Fund were issued at their net asset value of $8.9250 per share. The final net asset value per Quebec Class Partnership Class F unit for purposes of the Mutual Fund

Rollover Transaction was $25.2995 per Partnership unit. Accordingly, each holder of Quebec Class Partnership Class F units will receive 2.8347 Resource Fund Series F shares for each Quebec Class Partnership Class F unit held. The adjusted cost base for each Quebec Class Partnership Class F unit was $8.3742 per Partnership unit and the adjusted cost base for each allocated Resource Fund Seires F share was $2.9542 per share.

For investors looking for another tax-advantaged investment, Ninepoint Partners LP has filed and received a receipt for a final prospectus dated January 22, 2021 offering limited partnership units of the National Class and the Quebec Class of a new flow-through limited partnership, Ninepoint 2021 Flow-Through Limited Partnership. The prospectus contains important detailed information about the securities being offered. Investors should read the prospectus before making an investment decision.

The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, the rendering or tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on the specific circumstances before taking any action. Additional information: The prospectus for the Resource Fund is available at www.ninepoint.com, through a broker or by contacting us at (866) 299-9906 or invest@ninepoint.com. Information about the Ninepoint 2021 Flow-Through Limited Partnership is available through the dealers or by contacting us at (866) 299-9906 or invest@ninepoint.com.

About Ninepoint Partners LP

Based in Toronto, Ninepoint Partners is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint Partners offers a diverse set of alternative strategies including Alternative Income and Real Assets, in addition to North American and Global Equities.

For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.