Jovian Issues Employee Stock Options



    TORONTO, Aug. 6 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX)
announces that it has issued a total of 295,300 five-year stock options to a
total of 68 employees, including senior officers of various subsidiaries and
Jovian. The majority of these options are exercisable at a price of $6.55 per
share, vesting equally over a period of three years.
    These options are a key part of Jovian's endeavour to provide the right
incentive packages to attract, retain and engage key talent as owners of
Jovian.

    About Jovian Capital Corporation (www.joviancapital.com)

    Jovian acquires, creates and grows financial services companies
specializing in wealth and asset management. The Jovian group of companies
(AlphaPro Management Inc., BetaPro Management Inc., Horizons Funds Inc.,
JovFunds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon
Frazer & Associates Inc., MGI Securities Inc., MGI Securities (USA) Inc., MGI
Financial Inc., T.E. Wealth and Felcom Data Services Inc.) manages $12.5
billion of client assets ($6.0 billion in assets under management and $6.5
billion in assets under administration). Additional information is available
at www.sedar.com.





For further information:

For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Philip Armstrong, C.E.O., Jovian
Capital Corporation, (416) 933-5752

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Jovian Capital Corporation

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