GrowthWorks Capital Ltd.: Working Opportunity Fund Secures Standby Credit Facility

Working Opportunity Fund (EVCC) Ltd. (the "Fund") is pleased to announce that it
has approved a $10 million credit facility agreement with BCC Lending Services
Ltd., an affiliate of Beedie Capital Partners, a Vancouver based institutional
investor. The 12-month, non-revolving facility (the "Facility") will enhance
operating and financial flexibility for the Fund's Venture Series.


The Fund offers two types of investment opportunities: the Venture Series, a
conventional retail venture capital fund product offering through which
investors participate in a mature, diversified venture portfolio, and the
Commercialization Series, an innovative retail venture capital product offering
that provides dividends of approximately 25% of the purchase price over 3 years
along with a venture focus on mid to later stage companies engaged in research
and/or development activities.


As the originally offered shares of the Fund, the Venture Series is continuing
the natural progression for a maturing venture capital portfolio by mainly
focusing on follow-on investments and developing and closing-out exit
opportunities. However, recent heightened concerns about a new recession and
resulting high levels of market volatility has dampened activity in the IPO and
M&A markets and impaired the ability of venture investors to exit positions.
These market conditions, combined with the challenging capital raising climate
for conventional retail capital funds, may put pressure on the Fund's capital
resources during peak redemption periods. The Facility provides the Fund with
standby capital to alleviate that pressure, should it arise.


Commenting on the Facility, David Levi, CEO of the Fund, stated: "More than half
of the value of the Venture Series' portfolio is represented by expansion or
mature stage companies, several of which have made exceptional progress and are
well-positioned for near-term exit opportunities. It's important that we
continue to back our investments that hold the promise of high value exits. This
facility represents a prudent strategic step - it provides a bridge, if called
upon, to healthier exit markets."


Under the Facility agreement, the Fund will pay interest on drawn amounts at a
rate of 15.0% per annum. The Fund will also pay standby charges for undrawn
amounts, a commitment fee and a bonus fee if the Fund achieves exits totaling
$25 million prior to December 31, 2013. The Fund must apply a portion of exit
proceeds received during the term of the Facility towards payment of amounts
owing under the Facility, excluding the first $5 million of proceeds received.
Any funds drawn under the Facility must be repaid on or before December 31,
2012. The Fund's obligations under the Facility agreements are secured,
including by a fixed charge over all assets of the Fund and/or sale proceeds
derived from assets of the Fund. As the Facility provides greater capital
resources for the Venture Series, all charges and costs associated with the
Facility will be allocated to outstanding Venture Series shares. The maximum
amount of standby charges and fees is approximately 0.5% of the net asset value
of the Venture Series. Commercialization Series shares will not incur any
charges related to the Facility.


Forward-looking Statements Warning: This press release contains forward-looking
statements that are not based on historical or current fact, including
statements about the Facility, the product offerings of the Fund and the
prospects of, and expectations for divesting and generating returns from,
investments in the Fund's Venture Series venture portfolio. Actual results may
differ materially from those expressed or implied by such forward-looking
statements as a result of numerous known and unknown risks affecting the Fund
and portfolio companies, including risks inherent with investments in emerging
businesses with unproven technologies or products or limited sales, market and
economic risks that may significantly limit divestment opportunities, proceeds
realized from divestments and sources of capital for portfolio companies, levels
of Class A Share redemptions within the Fund, which in turn may impact the
availability of the Fund to undertake follow-on investments, and other risks
referenced in the Fund's public disclosure record. In addition, as much of the
Fund's assets are illiquid venture capital investments that may not be readily
sold at prevailing carrying values, enforcement of security interests under the
Facility could result in sales of venture assets of the Venture Series and/or
the Commercialization Series at values lower than prevailing carrying values,
which would result in portfolio losses. Many of these risks are beyond the
control of the Fund, its manager and the Fund's portfolio companies. Neither the
Fund nor its manager assumes any obligation to update any of the forward-looking
statements made in this release.


About GrowthWorks(i) (www.growthworks.ca) GrowthWorks(TM) managed funds provide
investment capital for Canadian companies and tax-advantaged investment
opportunities for Canadian investors. through the Working Opportunity Fund
(EVCC) Ltd., GrowthWorks Atlantic Venture Fund Ltd., GrowthWorks
Commercialization Fund Ltd. and GrowthWorks Canadian Fund Ltd. GrowthWorks
identifies, analyzes and structures investments in companies with high growth
potential. Particular emphasis is placed on IT, Life Sciences and Cleantech
sectors. Building on more than 18 years of investment expertise, GrowthWorks is
a leader in Canadian venture capital management. GrowthWorks is a registered
trademark of GrowthWorks Capital Ltd.


About Beedie Capital Partners (www.beediecapital.com) Beedie Capital Partners
("BCP") is the in-house capital arm of the Beedie Group of Companies
(www.beediegroup.ca) with a 60+ year history in real estate development and
management, as now the largest industrial landlord in British Columbia. BCP is
investing the Group's own capital into non-real estate related areas, primarily
in the form of debt or equity. The focus of BCP is to invest directly into small
to mid-market growth and expansion stage companies, and/or funds that support
such companies, where both our capital and expertise can help serve as a
catalyst for growth.


(i) GrowthWorks refers to GrowthWorks Ltd. and: GrowthWorks Capital Ltd.,
manager of the Working Opportunity Fund (EVCC) Ltd.; GrowthWorks WV Management
Ltd., manager of GrowthWorks Canadian Fund Ltd. and GrowthWorks
Commercialization Fund Ltd.; and GrowthWorks Atlantic Ltd., manager of
GrowthWorks Atlantic Venture Fund Ltd.


Commissions, trailing commissions, management fees and expenses all may be
associated with investment fund purchases. Please read the Fund's prospectus
before investing. Investment funds are not guaranteed, their values change
frequently and past performance may not be repeated. Dividends on
Commercialization Series shares are not guaranteed.
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