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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: The largest shareholder of Connacher is now West Face Capital

You are reading it here first. I just checked SEDAR and there is a new Alternative Monthly Report dated January 10 which states that:

West Face Capital Inc. (“WFCI”), as portfolio manager of West Face

Long Term Opportunities Global Master L.P. (“GMLP”)

Address: 2 Bloor Street East

Suite 810

P.O. Box 85

Toronto, Ontario

M4W 1A8

"As at December 31, 2011, WFCI exercised, or was deemed to exercise,control or direction, on behalf of GMLP, over 46,000,000 voting common shares ("Shares") of the Issuer, representing approximately 10.26% of the outstanding Shares (based on 448,259,991 Shares issued and outstanding as at November 10, 2011, as reported by the Issuer).As at December 31, 2011, GMLP beneficially owned all of the 46,000,000Shares referred to above."

Seeing as these shares were purchased by December 31, 2011 , there is no way of knowing how many additional shares that West Face Capital has acquired between December 31 and January 11, 2012.

Cheers;Scott

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