Mavrix Fund Management Inc. Announces A Third Closing For The Mavrix Explore 2008-I FT Limited Partnership

    Mavrix Fund Management Inc. (MVX:TSX)

    TORONTO, June 20 /CNW/ - Mavrix Fund Management Inc. (Mavrix) announces a
third closing of the Mavrix Explore 2008-I FT Limited Partnership (the "LP")
due to significant demand subsequent to the last closing. The third closing is
scheduled to occur on July 16, 2008. The LP will invest in a diversified
portfolio of flow-through shares issued primarily by mining companies with
exploration activities in Canada.
    Mavrix is the manager and portfolio advisor of the LP.
    The syndicate of agents for the offering is being led by Canaccord
Capital Corporation with other syndicate members including CIBC World Markets
Inc., Dundee Securities Corporation, BMO Nesbitt Burns Inc., Scotia Capital
Inc., Blackmont Capital Inc., IPC Securities Corporation, Raymond James Ltd.,
Wellington West Capital Inc., Argosy Securities Inc., Bieber Securities Inc.,
Desjardins Securities Inc., GMP Securities L.P., Industrial Alliance
Securities Inc., MGI Securities Inc., and Research Capital Corporation.
    This offering is only made by prospectus. The prospectus contains
important detailed information about the securities being offered. Copies of
the prospectus may be obtained from Len Sauer, Canaccord Capital Corporation,
Direct: (416) 867-4544 or E-mail: and also from
Mavrix Fund Management Inc., Raymond Steele, Chief Financial Officer, Direct:
(416) 365-4071, Toll Free: 1-888-964-3522 or E-mail:
Investors should read the prospectus before making an investment decision.

    About Mavrix Fund Management Inc.

    Mavrix is a publicly listed company trading on the TSX under the symbol
MVX. Mavrix is headquartered in Toronto with offices in Halifax, Montreal,
Winnipeg, Calgary, and Vancouver. Mavrix Mutual Funds are distributed solely
through licensed financial advisors and stockbrokers.

    %SEDAR: 00020385E

For further information:

For further information: Raymond Steele, CFO, Direct: (416) 365-4071,
Toll Free: 1-888-964-3533, Email:, Or visit our
website at

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