Jovian Announces Conditional Approval for TSX Listing; Changes to Board

    TORONTO, Aug. 14 /CNW/ - Jovian Capital Corporation (Jovian) (JVN: TSX-V)
is pleased to announce that it has received conditional approval for listing
of its common shares on the Toronto Stock Exchange. Subject to fulfilling the
conditions, Jovian expects to be trading on the TSX by mid-September 2007
under the new symbol "JOV".
    Jovian also announces that, at its Annual Meeting held on August 9 in
Toronto, its shareholders elected the slate of Directors as proposed by Jovian
management. The following incumbent Directors were re-elected to the Board:
Donald Penny (Chairman of the Board), Philip Armstrong, Melvin MacRae, Patrick
Matthews, John McKimm, Derek Nelson and Thomas Rice. In addition, the
shareholders elected a new outside Director, Richard Hallisey.
    Mr. Hallisey has nearly 30 years of experience in the investment
industry, including more than 20 years as a Director and Vice-Chairman of a
major Canadian investment dealer. Mr. Hallisey also currently sits on the
Board of a large TSX-listed resource company.

    About Jovian Capital Corporation

    Jovian is a publicly-traded company listed on the TSX Venture Exchange
(JVN). Jovian is a management and holding company with interests in a variety
of financial service firms specializing in wealth(*) and asset(xx) management.
The Jovian group of companies operates as a national financial services
organization with approximately $15.0 billion of client assets ($5.5 billion
in assets under management and $9.5 billion in assets under administration).

    (*) Wealth management entities include MGI Securities Inc., MGI
    Securities (USA) Inc. and Rice Financial Group Inc. (xx) Asset
    management entities include Accumulus Management Ltd., BetaPro
    Management Inc., Horizons Funds Inc., JovFunds Management Inc.,
    JovFunds Inc., Leon Frazer & Associates Inc. and T.E. Wealth. Financial
    corporate service entities include Felcom Data Services Inc. and Services
    Felcom Data (Quebec) Inc./Felcom Data Services (Quebec) Inc.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; and Philip Armstrong, Chief Executive
Officer, Jovian Capital Corporation, (416) 933-5752

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