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Press release from CNW Group

Aston Hill Oil & Gas Income Fund renews normal course issuer bid

Monday, November 07, 2011

Aston Hill Oil & Gas Income Fund renews normal course issuer bid14:27 EST Monday, November 07, 2011TORONTO, Nov. 7, 2011 /CNW/ - (TSX: OGF.UN) Aston Hill Oil & Gas Income Fund has renewed its normal course issuer bid to purchase up to 1,774,500 units of the Fund representing approximately 10% of the public float of 17,745,250 units. The Fund may purchase up to 354,905 units in any 30 day period which is 2% of the 17,745,250 issued and outstanding units at October 31, 2011.As of October 31, 2011, the Fund had purchased 259,200 units under its current bid at an average price of $5.57 per unit.The units may be purchased for cancellation from November 8, 2011 to November 7, 2012 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per unit not exceeding the last published net asset value per unit. The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.Further information on the Fund is available at further information: Michael J. Killeen President Aston Hill Management Limited (416) 362-4999