TMXgroup

June 23, 2009

Horizons BetaPro COMEX® Silver ETF (the "ETF") - An application has been granted for the original listing in the Industrial category of up to 2,005,000 Class A units (the "Units") of the ETF, all of which will be issued and outstanding, and none will be reserved for issuance upon completion of an initial public offering.

Listing of the Units will become effective at 5:01 p.m. on Wednesday, June 24, 2009 in anticipation of the offering closing prior to the opening on Thursday, June 25, 2009. The Units will be posted for trading at the opening on June 25, 2009.

The registration and transfer of Units will be affected through the book-entry only system administered by CDS Clearing and Depository Services Inc. Unitholders of the ETF will not have the right to receive physical certificates evidencing their ownership of the Units.

Additional information on the Units may be found in the final prospectus dated June 17, 2009 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "HUZ"
CUSIP: 44046L 10 7
Trading: CDN$

Designated Market Maker: National Bank Financial Inc.

Other Markets: None

Head Office Address: c/o BetaPro Management Inc.
26 Wellington Street East
Suite 920
Toronto, Ontario
M5E 1S2

Website: www.hbpetfs.com

Email: info@betapro.ca

Head Office Telephone Number: (416) 933-5745

Fax Number: (416) 777-5181

Investor Relations: Adam Felesky
Tel: (416) 933-5739
afelesky@betapro.ca

Chief Financial Officer: Alex Watters

Secretary: Duriya Patel

Incorporation: The ETF is an open-ended mutual fund trust established under the laws of Ontario pursuant to an amended and restated master declaration of trust made as of June 17, 2009.

Manager and Trustee: BetaPro Management Inc.

Investment Manager: JovInvestment Management Inc.

Portfolio Manager: ProShare Advisors LLC

Fiscal Year End: December 31

Nature of Business: The ETF seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to one times (100%) the daily performance of the COMEX® silver futures contract for the next delivery month. The ETF is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETF's investment will be hedged back to the Canadian dollar to the best of the ETF's ability.

If the ETF is successful in meeting its investment objective, its net asset value should gain approximately as much, on a percentage basis, as any increase in the COMEX® silver futures contract for the next delivery month when the COMEX® silver futures contract for the next delivery month rises on a given day. Conversely, the ETF's net asset value should lose approximately as much, on a percentage basis, as the COMEX® silver futures contract for the next delivery month when the COMEX® silver futures contract for the next delivery month declines on a given day.

Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal office in Toronto.

Distributions and Automatic Reinvestment: The ETF will distribute sufficient net income (including, if applicable, net capital gains) so that the ETF will not be liable for income tax in any given year. The Manager intends, but is under no obligation, to make such distributions, usually on an annual basis. All distributions will be automatically reinvested on behalf of each Unitholder in additional Units of the ETF.

Distributions of an ETF are expected to consist primarily of returns of capital and capital gains for income tax purposes. These distributions are intended to benefit Unitholders since returns of capital are generally not subject to tax (but reduce the adjusted cost base of the Units) and distributions of capital gains will generally be taxed at a lower rate than distributions of interest and other ordinary income.

As long as the Initial Forward Documents are in effect, the level of distributions paid by the ETF to its Unitholders will depend upon payments received by the ETF thereunder. If the Initial Forward Documents are terminated, the level of distributions paid by the ETF to its Unitholders will depend on the replacement hedging strategy adopted by the ETF.

Initial Issuance of Units: Pursuant to the terms of the Prospectus, Units will be issued and sold on a continuous basis and there will be no maximum number of Units that may be issued. Units sold in connection with the initial public offering for the ETF will amount up to 2,005,000 Units at a price of $10.00 per Unit.