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EnerVest FTS Limited Partnership 2009 Announces Initial Public Offering

EnerVest FTS Limited Partnership 2009 (the "Partnership") announces that it has filed a preliminary prospectus for the initial public offering of its flow through limited partnership units (“Units”) in all the provinces of Canada. The offering has been set at a maximum of $40,000,000 (1,600,000 Units) and minimum of $5,000,000 (200,000 Units).

The Partnership's investment objective is to provide Limited Partners with a tax-advantaged investment in separate portfolios, consisting primarily of (i) Canadian Exploration Expense (“CEE”) Flow-Through Shares of Resource Companies (the “Class CEE Portfolio”); (ii) Canadian Development Expense (“CDE”) Flow-Through Shares of Resource Companies (the “Class CDE Portfolio”), with a view to achieving capital appreciation for Limited Partners.

The Class CEE Portfolio will provide Limited Partners with an investment that is expected to be 100% tax deductible against any source of income in the first year. This portfolio will have a higher risk, higher reward potential as the impact of significant exploration success could result in enhanced capital and operating performance. The Class CDE Portfolio will provide Limited Partners with an investment that is tax deductible against any source of income at a declining balance rate of 30% per year. This portfolio will be lower risk as the companies that drill development wells generally have a higher degree of information about the quality of the prospects being drilled. The Partnerships’ investment portfolios will be actively managed by Greg Bay who has a 26 year track record of managing energy investments with the participation of the members of the Advisory Committee and the management of the General Partner, each of which has a strong oil and gas background. EnerVest, the General Partner, manages in excess of $1.4 billion in assets which includes the holdings of the EnerVest Diversified Income Trust, EnerVest Energy and Oil Sands Total Return Trust, EnerVest Natural Resource Fund and EnerVest FTS Limited Partnership 2008.

The minimum subscription amount is 200 Units at a price of $25 per Unit comprised of one or both of the classes of Units and payable in full on losing. On or before June 30, 2011, the Partnership intends to complete an exchange transaction on a tax-deferred basis with EnerVest Natural Resource Fund Ltd. (“EnerVest Fund”), a mutual fund corporation focused on generating capital appreciation by investing primarily in oil and natural gas and related businesses.

The offering is being conducted by a syndicate of Agents that is led by National Bank Financial Inc., and CIBC World Markets Inc. and includes BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., FirstEnergy Capital Corp., Haywood Securities Inc., Blackmont Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Raymond James Ltd. and Wellington West Capital Markets Inc.

A copy of the Preliminary Prospectus, which includes more details regarding the advantages of investing in a flow through limited partnership and the features of CEE Flow-Through Shares and CDE Flow-Through Shares, can be found on SEDAR at Capitalized terms used in this press release and not otherwise defined have the meanings given thereto in the Preliminary Prospectus.

For further information, please contact:
Investor Relations
EnerVest Management Inc.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

Certain statements included in this news release constitute forward-looking statements. More particularly, this news release contains statements concerning the tax attributes of the investments of the Partnership, the level of risk associated with an investment in the Units and the anticipated timing of a liquidity alternative. These forward looking statements are not historical facts but reflect EnerVest 2008 General Partner Corp.’s (the “Administrator”) current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations including changes in tax laws applicable to the Partnership and its securities and the interpretation thereof by the applicable taxation authorities, risks customary to the oil and gas industry and the exploration for and production of oil and gas and reflecting the ability of the Partnership to complete a liquidity alternative. Although the Administrator believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Administrator undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.