Jovian Completes Acquisition of Additional 6% of BetaPro

    TORONTO, Feb. 21 /CNW/ - Jovian Capital Corporation (Jovian) (JOV: TSX)
announces that it has completed the acquisition of an additional 6% interest
in BetaPro Management Inc., in exchange for the issuance to the vendor of
2,612,000 common shares in the capital stock of Jovian at a price of $0.80 per
share. This transaction increases Jovian's interest in BetaPro Management Inc.
to 39%.

    About Jovian Capital Corporation

    Jovian is a publicly-traded company listed on the TSX (JOV). 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 $14.6 billion of client assets ($5.4 billion in assets under
management and $9.2 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
BetaPro Management Inc., Horizons Funds Inc., JovFunds Management Inc.,
JovFunds Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc.
and T.E. Wealth. Financial corporate service entities include Felcom Data
Services Inc.

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.

    Additional information relating to Jovian is available at

For further information:

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

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Jovian Capital Corporation

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