Robert Henderson says the government remains in talks to lease or sell the Links at Crowbush Cove, Rodd Brudenell River Resort, Dundarave Golf Course and Mill River Golf Course.
He says the government wants the best deal for taxpayers and doesn't want to rush into an agreement.
Without deals in place to take over ownership or management of the courses, Henderson says the government will continue operating them this coming season.
The government said last year its four courses were losing up to $1 million a year and costing about $5 million a year to run.
But it says 2012 was a better year for the courses, with nearly 1,500 more rounds played than the year before.
Total losses were just over $800,000, almost $100,000 less than projected.