Mavrix Fund Management Inc. Announces Implementation of Independent Review Committee for its Funds

    TSX: MVX

    TORONTO, Oct. 25 /CNW/ - Mavrix Fund Management Inc. announced the
implementation of the Independent Review Committee ("IRC") for its mutual
funds and limited partnerships in accordance with national securities
regulations requiring independent review committees for public investment
funds. The IRC has implemented the requirements of National Instrument 81-107
to be fully compliant with the new regulation.
    The IRC for Mavrix is comprised of three members, all of whom are
independent of Mavrix Fund Management Inc. and its affiliates. Their tenures
on the committee range from 1 year to 3 years. The members are:

    David Scollard, Committee Chair
    D. R. (Bob) Heimler
    Bruce Friesen

    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, Chief Operating Officer and
CFO, Direct: (416) 365-4071, Toll Free: 1-888-964-3533, Email:; Or visit our website at

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