Jovian Subsidiary Launches Gibraltar Bear Canadian Banks Deposit Notes

    TORONTO, June 11 /CNW/ - Jovian Capital Corporation (TSX-V: JVN)
("Jovian") and its wholly owned subsidiary JovFunds Management Inc.
("JovFunds") are pleased to announce the launch of a bank downside protection
deposit note, the Gibraltar Bear Canadian Banks Deposit Notes, Series 1 (the
"Notes"), issued by Société Générale (Canada).

    Some of the key features of the Notes include the following:

    -   The underlying portfolio is comprised of equally-weighted common
        shares of Canada's "Big Six" banks (Bank of Montreal, Canadian
        Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion
        Bank, The Bank of Nova Scotia and National Bank of Canada) (the
    -   Provide investors with the opportunity to capitalize on potential
        short-term negative performance of the Basket. If, at maturity, the
        Basket's performance is less than 0%, the Notes will provide a
        positive return equal to the absolute value of the negative return.
        If the Basket's performance is equal to or greater than 0%, investors
        will receive the principal amount at maturity.
    -   Term to maturity of only 3.5 years
    -   100% principal protected by Société Générale, if held to maturity.
    -   Available for purchase from June 4, 2007, to July 27, 2007.
    -   Maximum issue size of $25 million.

    "Responding to requests, we created a unique investment product - we
believe the first of its kind - for investors who are not necessarily bearish
on the banks, but who want some diversification for their bank-heavy
investment portfolio," commented Raj Lala, Managing Partner of JovFunds.
    The Notes are 100% RSP eligible, and the minimum investment in the Notes
is $5,000 CDN.
    FundServ Code: ACC902.

    This press release is for information purposes only and does not
constitute an offer to sell or a solicitation to buy the Notes referred to
herein. Commissions, trailing commissions, management fees and expenses all
may be associated with an investment in the Notes. While a holder is entitled
to the payment at maturity which cannot be less then the principal amount of
the Notes, the Notes do not bear interest and there can be no assurance that
the Notes will show any return. It is thus possible that no return will be
paid. The Information Statement, which contains the complete information
relating to the Notes, will be sent to any prospective investor prior to the
closing date. Subject to certain conditions, JovFunds, through an affiliate
and/or Société Générale (Canada Branch), intends to maintain a secondary
market for the Notes. Any sale in the secondary market may be made at a price
which is less than the principal amount and may be subject to an applicable
early trading charge. Potential investors should consult the relevant
Information Statement for each issue of Notes before investing.

    About JovFunds Management Inc.

    JovFunds provides investment solutions for Canadian investors through the
creation, management and distribution of high quality investment products. As
a member of the Jovian group of companies, JovFunds oversees the management
and distribution of a diverse range of mutual funds, structured products and
alternative investments with assets in excess of $1 billion, including
approximately $450 million raised in principal protected notes.

    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: Visit:, Email:,
Tel: 1-866-514-6603; Don Sangster, Investor Relations, Jovian Capital
Corporation, (416) 933-5744; or Raj Lala, Managing Partner, JovFunds
Management Inc., (416) 601-2503; Additional information relating to Jovian is
available at and

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