Jovian Issues Employee Stock Options

    TORONTO, July 11 /CNW/ - Jovian Capital Corporation (Jovian) (JOV: TSX)
announces that it has issued a total of 2,010,000 stock options to a total of
30 employees of Jovian's various subsidiaries. These options are exercisable
at a price of $0.66 per share over five years, vesting equally over a period
of three years. These options are a key part of Jovian's endeavour to provide
the right incentives package to attract, retain and engage key talent as
owners of Jovian.

    About Jovian Capital Corporation (

    Jovian acquires, creates and grows financial services companies
specializing in wealth and asset management. The Jovian group of companies
(MGI Securities Inc., MGI Securities (USA) Inc., Rice Financial Group Inc.,
BetaPro Management Inc., Horizons Funds Inc., JovFunds Management Inc.,
JovFunds Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc.,
T.E. Wealth and Felcom Data Services Inc.) manages $15.0 billion of client
assets ($5.8 billion in assets under management and $9.2 billion in assets
under administration). Additional information is available at and

    The TSX has not reviewed and 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; Mark Arthur, President, Jovian Capital
Corporation, (416) 933-5754

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Jovian Capital Corporation

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