Gold Participation and Income Fund (the "Fund") (TSX:GPF.UN) announces results
of operations for the year ended December 31, 2013. Net decrease in net assets
from operations amounted to $(5.3) million or $(3.71) per unit. Net assets were
$7.9 million or $5.60 per unit, net of distributions to unitholders in the
amount of $0.7 million or $0.49 per unit.


The Fund's investment objectives are: (i) to maximize total returns for
unitholders including both long-term appreciation in net asset value ("NAV") per
unit and distributions; and (ii) to pay unitholders monthly distributions in an
amount targeted to be 6.5% per annum on the NAV of the Fund. The Fund achieves
its objectives by investing its net assets in the Gold sector with up to 50% in
shares of SPDR Gold Trust, an exchange-traded fund that seeks to track the price
of gold by investing directly in gold bullion, and the balance in a portfolio of
equity securities selected from the S&P/TSX Global Gold Index, a dynamic
international benchmark of the world's leading gold companies.


The Fund employs a proprietary investment strategy, Strathbridge Selective
Overwriting ("SSO"), to enhance the income generated by the Portfolio and to
reduce volatility. The Fund may, from time to time, selectively write covered
call options in respect of up to a maximum of 25 percent of the securities in
the portfolio. In addition, the Fund may write cash covered put options in
respect of securities in which it is permitted to invest.


The Fund's investment portfolio is managed by its investment manager,
Strathbridge Asset Management Inc. The Fund's units are listed on Toronto Stock
Exchange under the symbol GPF.UN.




--------------------------------------------------------------
Selected Financial Information: ($ Millions)                  
--------------------------------------------------------------
                                                              
Statement of Net Assets                                  2013 
                                                    --------- 
Assets                                               $    8.0 
Liabilities                                              (0.1)
                                                    --------- 
Net Assets (Unitholders' Equity)                        $ 7.9 
                                                              
Statement of Financial Operations                             
Revenue                                              $    0.1 
Expenses                                                 (0.4)
                                                    --------- 
Net Investment Loss                                    $ (0.3)
Net Loss on Investments                                  (5.0)
                                                    --------- 
Net Decrease in Net Assets from Operations           $   (5.3)
--------------------------------------------------------------



Aaron Ho, Vice-President, Finance

Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the prospectus before investing.
Investment funds are not guaranteed, their values change frequently and past
performance may not be repeated.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strathbridge Asset Management Inc.
Investor Relations
416.681.3966, 1.800.725.7172
info@strathbridge.com
www.strathbridge.com
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