WCSB Oil & Gas Royalty Income 2010 Limited Partnership

MAXIMUM ISSUE:  $25,000,000

WCSB Oil & Gas Royalty Income 2010 Limited Partnership (”the Partnership”) is pleased to announce that it has filed a final prospectus dated January 22, 2010 relating to the initial public offering of units of the Partnership.

The Partnership believes that the long term fundamental outlook for the energy sector is attractive. Although there may be volatility in energy prices over the short term, the Partnership expects companies involved in the production of oil and natural gas will realize strong cash flow and profits attributable to attractive commodity prices driven primarily by robust global demand, limited excess production capacity and restricted supplies.

The Partnership intends to provide Limited Partners with: i) income; ii) capital appreciation and potential liquidity through the sale or roll-over of its assets (a “Liquidity Event”); and iii) a 100% tax deductible investment by participating in the development of, and, to a lesser extent, the exploration for oil and natural gas.

QUICK LINKS

  Prospectus

• Distributions from royalties off “Top-Line” revenues from oil & gas production targeting a 16% annualized return on capital invested (net of projected tax savings) after fees and expenses.
  

• Majority of the joint venture agreements will eliminate exposure to cost over-runs and other liabilities.
  

• Royalties are registered “On-Title”.

• Direct participation in joint venture royalty investments is not typically accessible to the individual investor due to high minimum investment thresholds and the high level of geological and engineering expertise necessary to properly evaluate such investments.
  

• Avoid exposure to capital market volatility associated with securities of public energy issuers.

FUND DETAILS

   Fund Type:  Closed End

    Securities:  LP Units

   Sector:  Canadian Oil & Gas

   Inception Date: December 23, 2009

   RSP Eligibility:  No

    Mandate: Income & Capital Gain

• Unique structure by-passes premiums paid by traditional flow-through funds when purchasing flow-through shares of energy companies.
• 100% of capital invested, net of fees and expenses, will be directly allocated toward predominantly development production programs.

• 2010 through 2013 tax deduction targeted at 100% of investment in Partnership.

• Targeting a diversified portfolio of “Long Reserve Life” programs through multi-company, multi-well and multi-zone investments.
• Focused on Oil & Gas Cos with proven, reputable management teams who generate shareholder value – through the drill bit.

• Anticipated liquidity event on or about June 30, 2013.