Mavrix Fund Management Inc. is Pleased to Announce the Second Closing for Mavrix Explore 2008-II FT Limited Partnership



    TORONTO, Oct. 30 /CNW/ - Mavrix Fund Management Inc. ("Mavrix" or the
"Company") (TSX: MVX), is pleased to announce the second closing of the sale
of limited partnership units of Mavrix Explore 2008-II FT Limited Partnership
(the "LP"). Gross proceeds raised to date have been $10.16 million. The LP
will invest in a diversified portfolio of flow-through shares issued primarily
by mining companies with exploration activities in Canada. The final closing
is scheduled to occur on November 20, 2008.
    Mavrix is the manager and portfolio advisor of the LP.
    The maximum size of the offering is $50,000,000. The syndicate is being
led by Canaccord Capital Corporation with other syndicate members including
CIBC World Markets Inc., Dundee Securities Corporation, BMO Nesbitt Burns
Inc., Scotia Capital Inc., TD Securities Inc., Blackmont Capital Inc., M
Partners Inc., Raymond James Ltd., Wellington West Capital Inc., Argosy
Securities Inc., Desjardins Securities Inc., MGI Securities Inc., and Research
Capital Corporation.
    The prospectus related to the LP contains important detailed information
about the securities being offered. Copies of the prospectus may be obtained
from Len Sauer, Canaccord Capital Corporation, Direct: (416) 867-4544 or
E-mail: len.sauer@canaccordadams.com and also from Mavrix Fund Management
Inc., Raymond Steele, Chief Financial Officer, Direct: (416) 365-4071, Toll
Free: 1-888-964-3522 or E-mail: rsteele@mavrixfunds.com. Investors should read
the prospectus before making an investment decision.

    
    About Mavrix Fund Management Inc.
    ---------------------------------
    

    Mavrix Fund Management Inc. (TSX: MVX) is an asset management company
founded and operated by experienced portfolio managers. The company offers a
focused lineup of concentrated, actively managed funds that aim to complement
mainstream funds. Mavrix supports its products by providing financial advisors
with regular and direct access to portfolio managers and unbiased commentary,
which has enabled the company to become a trusted advisor to its clients.
Mavrix is headquartered in Toronto with offices in Halifax, Montreal,
Winnipeg, Calgary, and Vancouver. Additional information about Mavrix can be
found at www.mavrixfunds.com.





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MAVRIX FUND MANAGEMENT INC.

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