Jovian Director Steps Down for Family Reasons

    TORONTO, May 13 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX: JOV)
regrets to announce that Patrick Matthews has resigned as a Director of
Jovian, effective immediately, for family reasons.
    The Board vacancy created by Mr. Matthews' resignation will remain until
the next meeting of shareholders. Mr. Matthews also served as Chair of
Jovian's Audit and Risk Management Committee, and an interim Chair will be
appointed to serve until the next meeting of shareholders.
    Mr. Matthews had been a Director of Jovian since 2001, and the Board of
Directors and management of the entire Jovian group of companies wish to thank
Mr. Matthews for his years of service to Jovian and wish him well.

    About Jovian Capital Corporation (
    Jovian acquires, creates and grows financial services companies
specializing in wealth and asset management. The Jovian group of companies
(AlphaPro Management Inc., BetaPro Management Inc., Horizons Funds Inc.,
JovFunds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon
Frazer & Associates Inc., MGI Financial Inc., MGI Securities Inc., MGI
Securities (USA) Inc., T.E. Wealth and Felcom Data Services Inc.) manages
approximately $12.0 billion of client assets ($6.5 billion in assets under
management and $5.5 billion in assets under administration). Additional
information is available at and

For further information:

For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Philip Armstrong. C.E.O., Jovian
Capital Corporation, (416) 933-5752

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