Mavrix Fund Management Inc. is Pleased to Announce the Final Closing for the Mavrix Québec 2008 Flow Through LP



    TSX: MVX

    TORONTO, June 26 /CNW/ - Mavrix Fund Management Inc. ("Mavrix") (MVX:TSX)
is pleased to announce the final closing of the Mavrix Québec 2008 Flow
Through LP (the "LP"). Aggregate gross proceeds raised for the offering were
approximately $14.99 million. The LP will invest in a diversified portfolio of
flow-through shares issued primarily by mining companies with exploration
activities in the Province of Québec.
    Mavrix is the manager and portfolio advisor of the LP.
    The Mavrix Québec 2008 Flow Through LP initial public offering was led by
Canaccord Capital Corporation with other syndicate members including CIBC
World Markets Inc., Desjardins Securities Inc., Dundee Securities Corporation,
Industrial Alliance Securities Inc., Laurentian Bank Securities Inc. and
Wellington West Capital Inc.

    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, CFO, Direct: (416) 365-4071,
Toll Free: 1-888-964-3533, Email: rsteele@mavrixfunds.com; Or visit our
website at www.mavrixfunds.com

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MAVRIX FUND MANAGEMENT INC.

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