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Press release from CNW Group

Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices

Wednesday, January 11, 2012

Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices17:15 EST Wednesday, January 11, 2012TORONTO, Jan. 11, 2012 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:The shareholders of Emerge Oil & Gas Inc. (TSX:EME) and Twin Butte Energy (TSX:TBE) have approved the business combination between the two companies. Emerge Oil & Gas will be removed from the S&P/TSX SmallCap and the S&P/TSX Equity SmallCap Indices after the close of Friday, January 13, 2012.At the same time, the relative weight of Twin Butte Energy Ltd. will increase in the S&P/TSX SmallCap and the S&P/TSX Equity SmallCap Indices to reflect the issuance of shares as part of the acquisition of Emergy Oil & Gas Inc.Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.About S&P IndicesS&P Indices, a leading brand of the McGraw-Hill Companies (NYSE:MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties.For further information: Tony North Dave Guarino (416) 507-3204 1 212 438 1471 sp_index@standardandpoors.com Dave_guarino@standardandpoors.com