Jovian Appoints Independent Directors to MGI Securities

    TORONTO, June 6 /CNW/ - Jovian Capital Corporation ("Jovian") (JVN:
TSX-V) is pleased to announce that, subject to regulatory approval, 3
independent outside Directors - John Stevens, David Bird and Patrick Brigham -
have been appointed to the Board of Directors of its investment dealer
subsidiary, MGI Securities Inc. ("MGI").
    John Stevens, who will serve as Chairman of the Board, is a lawyer and a
chartered accountant by profession. After nearly 20 years as a corporate and
commercial lawyer, Mr. Stevens joined a family-owned private equity investment
firm, and has served as a Director of numerous private and public companies
over the last 15 years.
    David Bird has over 20 years of experience in North America's capital
markets industry, including over 15 years as a Director and senior officer
with two large Canadian investment dealers.
    Patrick Brigham has been a Director and senior officer of numerous
private companies, public companies and charitable foundations over the last
30 years, and is the owner of a North American commercial real estate
development company.

    About MGI Securities Inc.

    MGI is a full-service investment dealer firm, providing a comprehensive
range of specialized services for institutional investors and wealth
management solutions for individual investors. With offices in Toronto,
Winnipeg, Calgary and London, Ontario, MGI employs more than 70 retail and
capital markets professionals.

    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 $14.0 billion of client assets ($4.9 billion
in assets under management and $9.1 billion in assets under administration).

    (*)Wealth management entities include Convoy Capital Corporation,
    JovFunds Inc., MGI Securities Inc., MGI Securities (USA) Inc. and Rice
    Financial Group Inc. (xx)Asset management entities include Accumulus
    Management Ltd., BetaPro Management Inc., Charterhouse PSI Management
    Corporation, DOCP Management Corp., Horizons Funds Inc., JovInvestment
    Management Inc., JovFunds Management Inc., Jovian Asset Management Inc.,
    Leon Frazer & Associates Inc., Pescara Partners Inc., Taliesin Capital
    Inc., 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; or Mark Arthur, Executive Vice-President,
Jovian Capital Corporation, (416) 933-5754. Additional information relating to
Jovian is available at and

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