Mavrix Fund Management Inc. Completes Rollover of Mavrix Resource 2005-I & 2005-II Limited Partnerships



    TORONTO, March 12 /CNW/ - Mavrix Fund Management Inc. (TSX: MVX) today
announced that on March 09, 2007, it completed the rollover of the Mavrix
Resource Fund 2005-II Limited Partnership ("LP") into the Mavrix Multi Series
Fund Ltd.-Explorer Series and the Mavrix Resource Fund 2005-II Limited
Partnership ("LP") into the Mavrix Multi Series Fund Ltd.-Explorer Series.
    As at the rollover date, the net asset value of the Mavrix Resource Fund
2005-I LP was $13.2446 per unit representing an estimated total after tax
return of 110% for an Ontario investor who is an individual taxed at the
highest marginal rate based on the estimated after tax purchase cost of the
LP. Each investor in the Mavrix Resource Fund 2005-I LP received 1.117688
shares of the Mavrix Multi Series Fund Ltd.-Explorer Series for each LP unit
held on a tax-deferred basis.
    As at the rollover date, the net asset value of the Mavrix Resource Fund
2005-II LP was $14.0226 per unit representing an estimated total after tax
return of 122% for an Ontario investor who is an individual taxed at the
highest marginal rate based on the estimated after tax purchase cost of the
LP. Each investor in the Mavrix Resource Fund 2005-II LP received 1.183342
shares of the Mavrix Multi Series Fund Ltd.-Explorer Series for each LP unit
held on a tax-deferred basis.
    The Mavrix Multi Series Fund-Explorer Series (the "Fund") is a class of
redeemable shares of the Mavrix Multi Series Fund Ltd., a multi class mutual
fund corporation. The Fund's primary investment objective is to seek long-term
capital growth by investing in a diversified portfolio of Canadian resource
issuers. To achieve this objective, the Fund invests solely in the Mavrix
Explorer Fund that pursues the same investment objective mandate. Mavrix also
offers three other share classes, the Mavrix Multi Series Fund Ltd.-Canadian
Equity Series, Mavrix Multi Series Fund Ltd.-Income Series and Mavrix Multi
Series Fund Ltd. Short Term Income Series. The four classes provide investors
the opportunity for further investment diversification and switches between
classes are tax deferred. To learn more about Mavrix Funds and Mavrix Fund
Management Inc., please visit our website: www.mavrixfunds.com.

    Mavrix Fund Management Inc. is an innovative and growing Canadian asset
management company with shares listed on the Toronto Stock Exchange. Its stock
symbol is MVX.

    %SEDAR: 00020385E




For further information:

For further information: Toll Free: 1-888-964-3533, Direct: (416)
365-4077, Email: clientservices@mavrixfunds.com; Or visit our website at
www.mavrixfunds.com

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MAVRIX FUND MANAGEMENT INC.

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