Jovian Appoints New Chairman of the Board

    TORONTO, June 26 /CNW/ - Jovian Capital Corporation (TSX-V: JVN)
("Jovian") announces that, effective today, Donald Penny, Chairman of Jovian's
Audit and Risk Management Committee, has been appointed as interim Chairman of
the Board until a successor is appointed. Mr. Penny replaces Thomas J. Rice as
Chairman of the Board of Jovian. Mr. Rice will continue to serve as a Director
of Jovian.
    Mr. Rice was the founder of Rice Capital Management Plus Inc., the
predecessor company of Jovian, and of Rice Financial Group Inc., one of
Jovian's principal subsidiaries. During his 30+ years of stewardship, these
entities grew to be successful financial services companies.
    The Board of Directors and management of the entire Jovian group of
companies wish to thank Mr. Rice for his leadership and many years of service
as Chairman of the Board.

    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 ($5.0 billion
in assets under management and $9.0 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 Philip Armstrong, President & Chief
Executive Officer, Jovian Capital Corporation, (416) 933-5752. Additional
information relating to Jovian is available at and

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