Longview Capital Partners Earns $470,000 After-Tax in Q1 2009

Vancouver B.C. Canada, 5/19/2009 / FSC / - Longview Capital Partners Inc ( TSX: LV.TO, FWB: L6V, Pink Sheets: LGVWF.PK ), announces its financial results for the three months ended March 31, 2009. The Company earned net income of $470,000 ($0.00 per share (basic)), versus a net loss of $15.8 million ($0.14 per share (basic)) for the same period in 2008. At period end, the Company held investments with a fair value of $10.9 million ($0.10 per share), compared to $9.4 million ($0.08 per share) at December 31, 2008.

Longview Capital Partners realized losses on the disposal of investments of $766,000, and recorded unrealized investment gains of $1.1 million in the quarter, compared to realized investment gains of $5.8 million and unrealized investment losses of $28.6 million in the first quarter of 2008. Longview Capital Partners' investment portfolio at March 31, 2009 included 24 public companies and 25 private companies and other resource projects.

"The TSX Venture Exchange has made positive gains in 2009, with a 20% increase recorded up to March 31, 2009, compared to the decline of 70% in the last half of 2008" said John Icke, President and COO of Longview Capital Partners, "A recovery in demand for commodities appears to be underway, but we expect it to be very gradual, affected by higher global unemployment and the fragile, unpredictable financial condition of consumer, business and government sectors. Looking at Longview's situation, we are continuing to preserve our financial flexibility, lower our operating costs and pursue a strategy to acquire investments at attractive pricing." Mr. Icke went on to say, "Given the announcement of our recent organizational changes at the board and executive level, we intend to reach out to all of our stakeholders in the next few weeks to outline our strategic business development plans for the future."

Longview Capital Partners will hold a conference call on Wednesday, May 20, 2009, to discuss: * Financial results for the first quarter ended March 31, 2009. * The Company's outlook for the future

Mr. John Icke, President and COO and Mr. Jon Lever, CFO, will host the call.

Date: Wednesday, May 20, 2009 Time: 1:00 PM Eastern Daylight Time Dial In Number: (877) 407-9205 (toll free), (201) 689-8054 (international) Webcast: http://www.investorcalendar.com/IC/CEPage.asp?ID=145129

At the end of the presentation, there will be a question and answer session. Questions can be submitted in advance to info@longviewcp.com.

About Longview Capital Partners

Longview Capital Partners is an investment company creating long-term shareholder value by capitalizing on early stage opportunities in the natural resource sector, and having the resultant earnings growth recognized in its share price. Longview Capital Partners first began trading on September 5, 2005 and graduated to the TSX senior Exchange on September 24, 2007 under the same symbol "LV".

Attached are the Consolidated Balance Sheet, Statement of Operations and Retained Earnings, and Statement of Cash Flows for the three months ended March 31, 2009 and 2008. Readers should refer to the Notes to the financial statements and to the accompanying Management's Discussion and Analysis for the period then ended, which together form an integral part of the quarterly report, which can be found on the SEDAR website at www.sedar.com or on our website at www.longviewcp.com. For more information on Longview Capital Partners Incorporated, please contact Investor Relations at (604) 681-5755 or visit our website at www.longviewcp.com.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

LONGVIEW CAPITAL PARTNERS INCORPORATED CONSOLIDATED BALANCE SHEETS AS AT MARCH 31, 2009 AND DECEMBER 31, 2008 (IN THOUSANDS OF DOLLARS)

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March 31, December 31, 2008 (Audited) 2009(Unaudited) ------------------------------------------------------------------------ ASSETS Investments (Note 4) $ 10,856 $ 9,426 Cash and cash equivalents 148 1,000 Due from related parties 645 298 (Note 8(b)) Accounts receivable 29 21 Deposits and prepaid expenses 78 225 Related party loans 582 878 receivable (Note 8(d)) Future income tax assets 4,397 4,576 Income tax recovery 362 80 Property and equipment 203 251 (Note 5) ------------------------------------------------------------------------ $ 17,300 $ 16,755 ======================================================================== LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities Due to related parties $ 262 $ 171 (Note 8(b)) Accounts payable and 335 388 accrued liabilities ------------------------------------------------------------------------ 597 559 ------------------------------------------------------------------------ Shareholders' equity Share capital (Note 6) 38,599 38,599 Contributed surplus (Note 6) 8,488 8,451 Retained earnings (deficit) (30,384) (30,854) ------------------------------------------------------------------------ 16,703 16,196 ------------------------------------------------------------------------ $ 17,300 $ 16,755 ======================================================================== Use of estimates and measurement uncertainty * Investments (Note 2(k))

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On behalf of the Board:DirectorDirector

- See accompanying notes to the consolidated financial statements -

LONGVIEW CAPITAL PARTNERS INCORPORATED CONSOLIDATED STATEMENTS OF OPERATIONS, COMPREHENSIVE INCOME AND RETAINED EARNINGS (DEFICIT) FOR THE THREE MONTHS ENDED MARCH 31, 2009 AND 2008 (IN THOUSANDS OF DOLLARS, EXCEPT FOR PER SHARE AMOUNTS) (Unaudited)

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2009 2008 -------------------------------------------------------------------

REVENUES

(Loss) gain on disposal $ (766) $ 5,835 of investments, net Unrealized gain (loss) 1,116 (28,601) on investments, net Service revenue and 757 846 other income (Note 8(a)(iii)) Interest and rental income - 72 ------------------------------------------------------------------- 1,107 (21,848)

EXPENSES

General and administrative 664 1,702 Amortization 18 18 Foreign exchange loss (gain) 1 (2) Interest expense - 17 Stock-based compensation (Note 7) 37 169 Direct investment investigation costs 20 183 -------------------------------------------------------------------

740 2,087 -------------------------------------------------------------------

Income (loss) before income taxes 367 (23,935)

Income tax recovery 103 8,168 -------------------------------------------------------------------

Net income (loss) and comprehensive 470 (15,767) income (loss) for the period

Retained earnings, beginning of period (30,854) 41,925 -------------------------------------------------------------------

Retained earnings (deficit), end of period $ (30,384) $ 26,158 =================================================================== Basic earnings (loss) per share $ ( 0.00) $ (0.14) ===================================================================

Diluted earnings (loss) per share $ ( 0.00) $ (0.14) ===================================================================

Weighted average number of common shares outstanding (Note 2) Basic 112,383,885 109,328,336 Diluted 112,383,885 109,328,336 ===================================================================

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- See accompanying notes to the consolidated financial statements -

LONGVIEW CAPITAL PARTNERS INCORPORATED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2009 AND 2008 (IN THOUSANDS OF DOLLARS) (Unaudited)

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2009 2008 ---------------------------------------------------------------------- CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES Net (loss) income for the period $ 470 $ (15,767) Items not affecting cash: Gain on disposal of investments, net 766 (5,835) Unrealized (loss) gain on investments, net (1,116) 28,601 Stock-based compensation 37 169 Writedown leasehold improvement 29 - (included in G&A) Amortization 18 18 Future income tax expense (recovery) 178 (9,477) ---------------------------------------------------------------------- 382 (2,291) Changes in non-cash working capital items: Increase in accounts receivable and due from (355) (2,100) related parties Increase decrease in income tax recovery (281) 1,308 Decrease in deposits and prepaid expenses 147 (84) ---------------------------------------------------------------------- Increase in accounts payable and accrued 38 84 liabilities ---------------------------------------------------------------------- Net cash used in operating activities (69) (3,083) ---------------------------------------------------------------------- CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES Purchase of investments (1,290) (4,405) Proceeds from disposal of investments 211 7,639 Proceeds from repayment of related party loans 314 - Issuance of related party loans (18) - Purchase of property and equipment - (15) ---------------------------------------------------------------------- Net cash from (used in) investing activities (783) 3,219 ---------------------------------------------------------------------- CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES Increase in due to brokers - 1,250 ---------------------------------------------------------------------- Net cash from financing activities - 1,250 ---------------------------------------------------------------------- Increase (decrease) in cash and cash equivalents (852) 1,386 during the period Cash and cash equivalents, beginning of period 1,000 184 ---------------------------------------------------------------------- Cash and cash equivalents, end of period $ 148 $ 1,570 ======================================================================

Cash and cash equivalents consist of: Cash in bank and brokerage accounts $ 148 $ 1,570 ====================================================================== Supplementary cash flow information ---------------------------------------------------------------------- Interest paid on brokerage accounts - (17) ====================================================================== Non- cash investing activites Shares received on debt settlements 264 - Shares received on interest repayments 53 - ---------------------------------------------------------------------- $ 317 $ - ======================================================================

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- See accompanying notes to the consolidated financial statements -

Source: Longview Capital Partners Inc, TSX: LV.TO, FWB: L6V, Pink Sheets: LGVWF.PK, www.longviewcp.com

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