BGL Bandera Gold Ltd. (delisted)

Duntroon Energy Ltd. ("Duntroon") announces that it has entered into a letter of
intent with Brompton Group Limited ("BGL") and Newport Partners Holdings LP
("NPH") to, among other things, acquire Brompton Funds LP ("BFLP"). BFLP is a
limited partnership which owns Brompton's investment funds management business
which manages assets currently totalling $2.5 billion. BFLP is owned 55% by BGL
and 45% by NPH, which in turn is wholly owned by Newport Partners Income Fund
(TSX: NPF.UN).


Under the terms of a letter of intent, Duntroon will issue 1,428,333 Class A
shares, a new class of shares to be formed for the transaction, and 500,000
voting common shares as consideration for the acquisition. Each Class A share
will be entitled to one vote and will have an economic interest equal to 100
times that of Duntroon's voting common shares. Duntroon will also issue
promissory notes for an amount equal to the net distributable income of BFLP
from January 1, 2008 to the closing date.


Following the transaction, the Brompton business will be carried on by Duntroon
(which will change its name to "Brompton Corp.") on substantially the same basis
as it is currently carried on by BFLP with the same management team, directors
and independent review committee. Duntroon will provide a tax-efficient platform
for possible expansion of the Brompton business, both by acquisition of other
financial services businesses and by the growth of the existing Brompton funds
management business.


After completion of the transaction, BGL and NPH will hold an approximate 51%
and 42% economic interest in Duntroon respectively and will thereby continue to
participate in the earnings of the Brompton business.


The transaction is subject to a number of conditions, including the negotiation
of a definitive agreement and the approval by the shareholders of Duntroon
(excluding Brompton Financial Limited which is considered to be an interested
party because it owns 45% of the voting shares of Duntroon) at a meeting of
shareholders to be held on March 31, 2008 (the "Shareholder Meeting"). An
information circular containing detailed information in respect of the
transaction will be mailed to shareholders of Duntroon in early March 2008.
Closing is expected to take place as soon as all regulatory requirements are met
following the Shareholder Meeting.

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