Mavrix Fund Management Inc. Announces Appointment of Independent Review Committee for its Funds



    Mavrix Fund Management Inc. (MVX on TSX)

    TORONTO, April 27 /CNW/ - Mavrix Fund Management Inc. announced the
appointment of the Independent Review Committee ("IRC") for its mutual funds
and limited partnerships in accordance with national securities regulations
requiring independent review committees for public investment funds. The IRC
will implement the requirements of National Instrument 81-107 to be fully
compliant with the new regulation.
    The IRC for Mavrix is comprised of three members, all of whom are
independent of Mavrix Fund Management Inc. and its affiliates. Their tenures
on the committee range from 1 year to 3 years. The members are:

    David Scollard, Committee Chair
    D. R. (Bob) Heimler
    Jeffrey Hand

    About Mavrix Fund Management Inc.

    Mavrix is a publicly listed company trading on the TSX under the symbol
MVX. Mavrix is headquartered in Toronto with offices in Halifax, Montreal,
Winnipeg, Calgary, and Vancouver. Mavrix Mutual Funds are distributed solely
through licensed financial advisors and stockbrokers.

    %SEDAR: 00020385E




For further information:

For further information: Raymond Steele, Chief Operating Officer and
CFO, Direct: (416) 365-4071, Toll Free: 1-888-964-3533, Email:
rsteele@mavrixfunds.com; Or visit our website at www.mavrixfunds.com

Organization Profile

MAVRIX FUND MANAGEMENT INC.

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