Both IA Clarington Tactical Bond Fund and IA Clarington Tactical Bond Class seek to achieve a steady flow of monthly income by investing in a mix of high quality Canadian fixed income securities as well as investment grade and higher yielding securities of North American corporate issuers. The portfolio manager, Ben Cheng of Catapult Financial Management Inc. ("Catapult Financial"), has the flexibility within these portfolios to make broad adjustments in the allocation between higher yielding securities and higher quality securities, depending on market outlook.

The IA Clarington Energy Class seeks to provide long-term capital growth primarily through investments in a diversified portfolio of energy, alternative energy or related companies. The Energy Class is expected to have a relatively concentrated portfolio of 40-60 holdings, and will primarily invest in equity and equity-related securities of companies of all market capitalizations that are involved in the exploration, development, production and distribution of oil and gas and other related activities in the Canadian and global energy resource sector.

The Energy Class will be sub-advised by Catapult Financial and the portfolio managers will be Joanne Hruska and Ben Cheng. They will employ fundamental "bottom-up" analysis, seeking to identify superior investment opportunities with the potential for capital appreciation over the long term. This is accomplished by seeking out undervalued companies backed by strong management teams and solid business models that can benefit from both industry and macro-economic trends.

The new IA Clarington Short-Term Bond Fund will be managed by Industrial Alliance Investment Management Inc. ("IAIM"). It seeks to achieve a steady flow of monthly income while simultaneously preserving investment capital and liquidity by investing primarily in debt securities of Canadian issuers maturing in five years or less and in short-term notes.

"We see these products as a nice complement to our line-up," says David Scandiffio, President, IA Clarington. "The IA Clarington Tactical Bond Fund fits well between our IA Clarington Bond Fund and our extremely popular IA Clarington Tactical Income Fund, also managed by Ben Cheng. With the rising demand for fixed income investments, the IA Clarington Short-Term Bond Fund is a good addition between money market investments and traditional bond funds. The IA Clarington Energy Class provides a more focused exposure to this definitively Canadian sector than any of our other products."

IA Clarington is also renaming IA Clarington Canadian Equity Fund to better reflect its mandate; it will now be known as IA Clarington Canadian Growth Fund, while IA Clarington Global Income Fund will now be known as IA Clarington Global Tactical Income Fund. This latter change has been made to better reflect the dynamic management style the sub-advisor applies to the Fund. IA Clarington has also launched IA Clarington Global Tactical Income Class, which replicates this fund in a corporate class structure.

About IA Clarington Investments Inc.

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. IA Clarington managed more than $8.1 billion in assets as at June 30, 2010.

Catapult Financial Management Inc.

Catapult is a wholly-owned subsidiary of Aston Hill Financial Inc. ("Aston Hill"), which is listed on the TSX Venture Exchange under "AHF". As at March 1, 2010, Aston Hill had approximately $1.7 billion in assets under management.

-30-

For further information:

Eric Frape
Senior Vice-President, Product and Business Development
IA Clarington Investments Inc.
416-860-9880
Toll-Free 1-888-860-9888
Email: eric.frape@iaclarington.com
www.iaclarington.com

TORONTO, April 30, 2010 - IA Clarington Investments Inc. (the "Manager") is pleased to announce that IA Clarington Aston Hill Tactical Yield Fund (the "Fund") successfully issued an additional 300,000 Trust Units and 300,000 Warrants pursuant to the exercise by the Agents of their Over-Allotment Option. Total gross proceeds are now $103 million. The Units issued at closing of the initial public offering on April 19, 2010 together with the Units issued pursuant to the Over-Allotment Option, have separated into Trust Units and Warrants and now trade on the Toronto Stock Exchange independently under the symbols TYF.UN and TYF.WT, respectively.

The initial monthly cash distribution of $0.025 per Trust Unit is anticipated to be payable on May 14, 2010 to Unitholders of record on April 30, 2010. Additionally, each Warrant entitles the holder to purchase one Trust Unit at the subscription price of $10.00 per Trust Unit on or before 5:00 p.m. (Toronto time) on April 29, 2011. The Fund's investment objectives are:

• to provide unitholders with monthly cash distributions, initially targeted to be 6.0% per Trust Unit per annum on the original offering price of $10.00 per Unit ($0.05 per Trust Unit per month or $0.60 per Trust Unit per annum); and
• to maximize total returns for unitholders, consisting of both cash distributions and capital appreciation, while reducing risk and preserving capital.

The Fund's investment strategy is to invest in an actively managed, diversified portfolio comprised primarily of:

• Canadian common and preferred equity securities and income trust units that provide a consistent and stable source of current income; and
• fixed income securities, including high yield corporate debt securities, cash and cash equivalents.

Each of the equity portion and the fixed income portion generally will represent between one-third and two-thirds of the portfolio, with the allocation at any time being determined by the portfolio manager based on its view of market opportunities at the time of investment.

The Fund will be actively managed by Catapult Financial Management Inc., and Ben Cheng will be the lead portfolio manager responsible for the Fund. On or before April 30, 2012, the Fund will either:

• convert to an open-ended mutual fund, or
• merge on a tax-deferred basis with an open-ended mutual fund to be managed by the Manager or an affiliate of the Manager.

The syndicate of agents was co-led by CIBC World Markets Inc. and RBC Capital Markets and included BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Financial Ltd., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd., Industrial Alliance Securities Inc. and Rothenberg Capital Management Inc.

About IA Clarington Investments Inc.

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. IA Clarington managed more than $8.2 billion in assets as at March 31, 2010.

Catapult Financial Management Inc.

Catapult is a wholly-owned subsidiary of Aston Hill Financial Inc. ("Aston Hill"), which is listed on the TSX Venture Exchange under "AHF". As at March 31, 2010, Aston Hill had approximately $1.8 billion in assets under management.

-30-

For more information contact:

Eric Frape
Senior Vice-President, Product and Business Development
IA Clarington Investments Inc.
416-860-9880
Toll-Free 1-888-860-9888
Email: eric.frape@iaclarington.com
www.iaclarington.com

The IA Clarington Funds and IA Clarington Target Click Funds are managed by IA Clarington Investments Inc. IA Clarington and the IA Clarington logo are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license.

All capitalized terms used in this news release but not defined have the meanings attributed to such terms in the prospectus of the Fund dated March 29, 2010.

IA Clarington launches new SRI Funds managed by Inhance portfolio managers

Toronto, December 7, 2009 - IA Clarington Investments Inc. ("IA Clarington"), a wholly owned subsidiary of Industrial Alliance Insurance and Financial Services Inc. ("Industrial Alliance"), has completed the purchase of certain assets relating to the socially responsible investing ("SRI") mutual fund business of Inhance Investment Management Inc. ("Inhance"), a wholly owned subsidiary of Vancouver City Savings Credit Union ("Vancity"), as well as the merger of the Inhance managed funds with funds managed by IA Clarington. The transaction represents the beginning of a long-term strategic relationship for the distribution of IA Clarington mutual funds through Vancity branches.

Today, Industrial Alliance also launched a socially responsible segregated fund - the SRI Balanced (Inhance) Fund - within its Guaranteed Minimum Withdrawal Benefit GMWB product, Ecoflextra. This fund offers the additional benefits of capital protection and a guaranteed income stream.

"We see socially responsible investing as a natural response to the increased global focus on environmental respect and supporting the communities in which we live and work," said David Scandiffio, President of IA Clarington. "We feel it is important to broaden our current fund line-up, and do so in a way that provides investors with investments that they can feel good about."

The Inhance fund family, Vancity Circadian fund family and Vancity Perspectives portfolio solutions family have been merged with funds managed by IA Clarington and represent approximately $92 million in assets under management ("AUM"), bringing IA Clarington's total AUM to well over $7 billion. Most of the Inhance funds have merged into new IA Clarington SRI funds, which will be offered nationally through IA Clarington's distribution network, as well as through Vancity branches.

Veteran fund managers Stephen MacInnes, Dermot Foley and other key members of the existing in-house Inhance investment team will remain with the Vancity group and continue to advise the new IA Clarington SRI funds. The team was recently recognized at the 2009 Canadian Investment Awards, winning the Socially Responsible Investment Fund Award.

"We were very pleased to be able to maintain the Inhance portfolio management team," said Mr. Scandiffio. "They are recognized leaders in this category and bring a vast amount of experience to the table."

"Establishing this relationship with Industrial Alliance and IA Clarington means our members can continue to access high quality SRI funds at their local Vancity branch," said Tamara Vrooman, President and Chief Executive Officer of Vancity. "It enables us to retain our SRI expertise and focus on what we do best, while bringing socially responsible investments to a much wider marketplace. IA Clarington is a strong, experienced mutual fund manufacturer that offers a large family of funds for our members to choose from."

The fund mergers were approved by unitholders of the Inhance fund family, Vancity Circadian fund family and Vancity Perspectives portfolio solutions family on December 2, 2009.

About Industrial Alliance

Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company that offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services.

The fourth largest life and health insurance company in Canada, Industrial Alliance is at the head of a large financial group, which has operations across Canada as well as in the Western United States. Industrial Alliance contributes to the financial well-being of over three million Canadians, employs more than 3,500 people and manages and administers over $56 billion in assets. Industrial Alliance stock is listed on the Toronto Stock Exchange under the ticker symbol IAG. Industrial Alliance is among the 100 largest public companies in Canada.

About IA Clarington

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. As at October 31, 2009, IA Clarington managed more than $7 billion in assets.

About Vancity

Vancity is one of Canada's largest credit unions, with $14.5 billion in assets, more than 400,000 members, and 59 branches throughout Greater Vancouver, the Fraser Valley, Victoria and Squamish. Vancity is guided by a commitment to improving the quality of life in the communities where we live and work.

About Inhance

Inhance is a Canadian investment management company owned by Vancity and dedicated to being a leader in evolving the socially responsible investment arena.

Not for distribution to U.S. news wire services or dissemination in the United States.
-30- 
Information: IA Clarington and Industrial Alliance
David Scandiffio, President 
IA Clarington Investments Inc. 
416 860-9880; toll-free 1 800 860-9880 
Email: david.scandiffio@iaclarington.com; websites: www.iaclarington.com; www.feelgoodinvesting.com

For investor relations and media inquiries in the Province of Quebec: 
Jacques Carrière, Vice-President, Investor Relations 
Industrial Alliance Insurance and Financial Services Inc. 
418 684-5275; cell: 418 576-3624 
Email: jacques.carriere@inalco.com; website: www.inalco.com

For information and media inquiries: Vancity and Inhance
Vancity Media Relations
778 837-0394 
Email: mediarelations@vancity.com

Learn more about the IA Clarington Tactical Income Class>>

More on IA Clarington's RESPs>>

Each Unit consists of one transferable trust unit (a "Trust Unit") and one Trust Unit purchase warrant (a "Warrant"). The Units will separate into Trust Units and Warrants on or before the 30th day following the closing of the Offering. Each Warrant entitles the holder to purchase one Trust Unit at the subscription price of $10.00 per Trust Unit on or before 5:00 p.m. (Toronto time) on April 29, 2011.

The Fund's investment objectives are:

• to provide unitholders with monthly cash distributions, initially targeted to be 6.0% per Trust Unit per annum on the original offering price of $10.00 per Unit ($0.05 per Trust Unit per month or $0.60 per Trust Unit per annum); and
• to maximize total returns for unitholders, consisting of both cash distributions and capital appreciation, while reducing risk and preserving capital.

The Fund's investment strategy is to invest in an actively managed, diversified portfolio comprised primarily of:

• Canadian common and preferred equity securities and income trust units that provide a consistent and stable source of current income; and
• fixed income securities, including high yield corporate debt securities, cash and cash equivalents.

Each of the equity portion and the fixed income portion generally will represent between one-third and two-thirds of the portfolio, with the allocation at any time being determined by the portfolio manager based on its view of market opportunities at the time of investment.

The Fund will be actively managed by Catapult Financial Management Inc., and Ben Cheng will be the lead portfolio manager responsible for the Fund. On or before April 30, 2012, the Fund will either:

• convert to an open-ended mutual fund, or
• merge on a tax-deferred basis with an open-ended mutual fund to be managed by the Manager or an affiliate of the Manager.

The syndicate of agents is co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Financial Ltd., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd., Industrial Alliance Securities Inc. and Rothenberg Capital Management Inc.

About IA Clarington Investments Inc.

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. IA Clarington managed more than $8.2 billion in assets as at March 31, 2010.

Catapult Financial Management Inc.

Catapult is a wholly-owned subsidiary of Aston Hill Financial Inc. ("Aston Hill"), which is listed on the TSX Venture Exchange under "AHF". As at March 31, 2010, Aston Hill had approximately $1.8 billion in assets under management.

-30-

For more information contact:

Eric Frape
Senior Vice-President, Product and Business Development
IA Clarington Investments Inc.
416-860-9880
Toll-Free 1-888-860-9888
Email: eric.frape@iaclarington.com
www.iaclarington.com

The IA Clarington Funds and IA Clarington Target Click Funds are managed by IA Clarington Investments Inc. IA Clarington and the IA Clarington logo are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license.

The syndicate of agents for the Fund is co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Financial Ltd., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd., Industrial Alliance Securities Inc. and Rothenberg Capital Management Inc.

About IA Clarington Investments Inc.

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. IA Clarington managed more than $8.2 billion in assets as at March 31, 2010.

Catapult Financial Management Inc.

Catapult is a wholly-owned subsidiary of Aston Hill Financial Inc. ("Aston Hill"), which is listed on the TSX Venture Exchange under "AHF". As at March 31, 2010, Aston Hill had approximately $1.8 billion in assets under management.

-30-

For more information contact:

David Scandiffio
President
IA Clarington Investments Inc.
416-860-9880
Toll-Free 1-888-860-9888
Email: david.scandiffio@iaclarington.com
www.iaclarington.com

The Fund's investment objectives are:

• to provide unitholders with monthly cash distributions, initially targeted to be 6.0% per Trust Unit per annum on the original offering price of $10.00 per Unit ($0.05 per Trust Unit per month or $0.60 per Trust Unit per annum); and
• to maximize total returns for unitholders, consisting of both cash distributions and capital appreciation, while reducing risk and preserving capital.

The Fund's investment strategy is to invest primarily in:

• Canadian common and preferred equity securities and income trust units that provide a consistent and stable source of current income; and
• fixed income securities, including high yield corporate debt securities, cash and cash equivalents.

Each of the equity portion and the fixed income portion generally will represent between one-third and two-thirds of the portfolio, with the allocation at any time being determined by the portfolio manager based on its view of market opportunities at the time of investment. 

The Fund will be actively managed by Catapult Financial Management Inc., and Ben Cheng will be the lead portfolio manager responsible for the Fund. 

On or before April 30, 2012, the Fund will automatically either:

• convert to an open-ended mutual fund,
• or merge with an open-ended mutual fund on a tax-deferred basis, to be managed by the Manager or an affiliate of the Manager.

The syndicate of agents is co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Financial Ltd., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd., Industrial Alliance Securities Inc. and Rothenberg Capital Management Inc. 

About IA Clarington Investments Inc.

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. IA Clarington managed more than $7.9 billion in assets as at March 1, 2010. 

Catapult Financial Management Inc.

Catapult is a wholly-owned subsidiary of Aston Hill Financial Inc. ("Aston Hill"), which is listed on the TSX Venture Exchange under "AHF". As at March 1, 2010, Aston Hill had approximately $1.7 billion in assets under management. 

This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from Lovena Doodahnand, CIBC World Markets Inc., at 416-594-7270 or lovena.doodahnand@cibc.ca. Investors should read the prospectus before making an investment decision. The IA Clarington Funds and IA Clarington Target Click Funds are managed by IA Clarington Investments Inc. IA Clarington and the IA Clarington logo are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license. 

For further information: David Scandiffio, President, IA Clarington Investments Inc., (416) 860-9880, Toll-Free 1-888-860-9888, Email:david.scandiffio@iaclarington.com, www.iaclarington.com

The Fund will be actively managed by Catapult Financial Management Inc. ("Catapult"), and Ben Cheng will be the lead portfolio manager responsible for the Fund.

The Fund's investment strategy is to invest primarily in:

• Canadian common and preferred equity securities and income trust units that provide a consistent and stable source of current income; and
• fixed income securities, including high yield corporate debt securities, cash and cash equivalents.

Each of the equity portion and the fixed income portion generally will represent between one-third and two-thirds of the portfolio, with the allocation at any time being determined by Catapult based on its view of market opportunities at the time of investment.

The Fund's investment objectives are:

• to provide unitholders with monthly cash distributions, initially targeted to be 6.0% per Trust Unit per annum on the original offering price of $10.00 per Unit ($0.05 per Trust Unit per month or $0.60 per Trust Unit per annum); and
• to maximize total returns for unitholders, consisting of both cash distributions and capital appreciation, while reducing risk and preserving capital.

The Fund's prospectus qualifies the issuance of units of the Fund at a price of $10.00 per Unit. Each Unit consists of one transferable trust unit (a "Trust Unit") and one Trust Unit purchase warrant (a "Warrant"). The Units will separate into Trust Units and Warrants upon the earlier of the closing of the Over-Allotment Option and the 30th day following the closing of the Offering. Each Warrant entitles the holder to purchase one Trust Unit at the subscription price of $10.00 per Trust Unit on or before 5:00 p.m. (Toronto time) on April 29, 2011. Warrants not exercised by that date will be void and of no value.

On or before April 30, 2012, the Fund will automatically either:

• convert to an open-ended mutual fund, or
• merge with an open-ended mutual fund on a tax-deferred basis, to be managed by the Manager or an affiliate of the Manager.

Prospective purchasers may purchase Units either by cash payment or an exchange of freely-tradable securities of each class or series of securities described in the table below. Prospective purchasers under the exchange option will be required to deposit their eligible exchange securities prior to 5:00 p.m. (Toronto time) on March 26, 2010 in the manner described in the preliminary prospectus.

The syndicate of agents is co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Financial Ltd., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd., Industrial Alliance Securities Inc. and Rothenberg Capital Management Inc.

About IA Clarington Investments Inc.

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. IA Clarington managed more than $7.5 billion in assets as at January 31, 2010.

Catapult Financial Management Inc.

Catapult is a wholly-owned subsidiary of Aston Hill Financial Inc. ("Aston Hill"), which is listed on the TSX Venture Exchange under "AHF". As at January 31, 2010, Aston Hill had approximately $1.5 billion in assets under management.

-30-

For more information contact:

Eric Frape
Senior Vice-President, Product and Business Development
IA Clarington Investments Inc.
416-860-9880
Toll-Free 1-888-860-9888
Email: eric.frape@iaclarington.com
www.iaclarington.com

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in all jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from Lovena Doodahnand, CIBC World Markets Inc., at 416-594-7270 or lovena.doodahnand@cibc.ca. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.The IA Clarington Funds and IA Clarington Target Click Funds are managed by IA Clarington Investments Inc. IA Clarington and the IA Clarington logo are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license.

Toronto, December 7, 2009 - IA Clarington Investments Inc. ("IA Clarington"), a wholly owned subsidiary of Industrial Alliance Insurance and Financial Services Inc. ("Industrial Alliance"), has completed the purchase of certain assets relating to the socially responsible investing ("SRI") mutual fund business of Inhance Investment Management Inc. ("Inhance"), a wholly owned subsidiary of Vancouver City Savings Credit Union ("Vancity"), as well as the merger of the Inhance managed funds with funds managed by IA Clarington. The transaction represents the beginning of a long-term strategic relationship for the distribution of IA Clarington mutual funds through Vancity branches.

Today, Industrial Alliance also launched a socially responsible segregated fund - the SRI Balanced (Inhance) Fund - within its Guaranteed Minimum Withdrawal Benefit GMWB product, Ecoflextra. This fund offers the additional benefits of capital protection and a guaranteed income stream.

"We see socially responsible investing as a natural response to the increased global focus on environmental respect and supporting the communities in which we live and work," said David Scandiffio, President of IA Clarington. "We feel it is important to broaden our current fund line-up, and do so in a way that provides investors with investments that they can feel good about."

The Inhance fund family, Vancity Circadian fund family and Vancity Perspectives portfolio solutions family have been merged with funds managed by IA Clarington and represent approximately $92 million in assets under management ("AUM"), bringing IA Clarington's total AUM to well over $7 billion. Most of the Inhance funds have merged into new IA Clarington SRI funds, which will be offered nationally through IA Clarington's distribution network, as well as through Vancity branches.

Veteran fund managers Stephen MacInnes, Dermot Foley and other key members of the existing in-house Inhance investment team will remain with the Vancity group and continue to advise the new IA Clarington SRI funds. The team was recently recognized at the 2009 Canadian Investment Awards, winning the Socially Responsible Investment Fund Award.

"We were very pleased to be able to maintain the Inhance portfolio management team," said Mr. Scandiffio. "They are recognized leaders in this category and bring a vast amount of experience to the table."

"Establishing this relationship with Industrial Alliance and IA Clarington means our members can continue to access high quality SRI funds at their local Vancity branch," said Tamara Vrooman, President and Chief Executive Officer of Vancity. "It enables us to retain our SRI expertise and focus on what we do best, while bringing socially responsible investments to a much wider marketplace. IA Clarington is a strong, experienced mutual fund manufacturer that offers a large family of funds for our members to choose from."

The fund mergers were approved by unitholders of the Inhance fund family, Vancity Circadian fund family and Vancity Perspectives portfolio solutions family on December 2, 2009.

About Industrial Alliance

Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company that offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services.

The fourth largest life and health insurance company in Canada, Industrial Alliance is at the head of a large financial group, which has operations across Canada as well as in the Western United States. Industrial Alliance contributes to the financial well-being of over three million Canadians, employs more than 3,500 people and manages and administers over $56 billion in assets. Industrial Alliance stock is listed on the Toronto Stock Exchange under the ticker symbol IAG. Industrial Alliance is among the 100 largest public companies in Canada.

About IA Clarington

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. As at October 31, 2009, IA Clarington managed more than $7 billion in assets.

About Vancity

Vancity is one of Canada's largest credit unions, with $14.5 billion in assets, more than 400,000 members, and 59 branches throughout Greater Vancouver, the Fraser Valley, Victoria and Squamish. Vancity is guided by a commitment to improving the quality of life in the communities where we live and work.

About Inhance

Inhance is a Canadian investment management company owned by Vancity and dedicated to being a leader in evolving the socially responsible investment arena.

Not for distribution to U.S. news wire services or dissemination in the United States.
-30- 
Information: IA Clarington and Industrial Alliance
David Scandiffio, President 
IA Clarington Investments Inc. 
416 860-9880; toll-free 1 800 860-9880 
Email: david.scandiffio@iaclarington.com; websites: www.iaclarington.com; www.feelgoodinvesting.com

For investor relations and media inquiries in the Province of Quebec: 
Jacques Carrière, Vice-President, Investor Relations 
Industrial Alliance Insurance and Financial Services Inc. 
418 684-5275; cell: 418 576-3624 
Email: jacques.carriere@inalco.com; website: www.inalco.com

For information and media inquiries: Vancity and Inhance
Vancity Media Relations
778 837-0394 
Email: mediarelations@vancity.com