Mavrix Fund Management Inc. Is Pleased To Announce The Filing Of The Preliminary Prospectus For The Mavrix Explore 2008-II FT Limited Partnership

    TORONTO, Aug. 26 /CNW/ - Mavrix Fund Management Inc. ("Mavrix" or the
"Company") (TSX: MVX) is pleased to announce the filing of the preliminary
prospectus of the Mavrix Explore 2008-II FT Limited Partnership (the "LP").
The LP will invest in a diversified portfolio of flow-through shares issued
primarily by mining companies with exploration activities in Canada.
    The maximum size of the offering is $50,000,000. The syndicate 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., TD Securities Inc., Blackmont Capital Inc.,
M Partners Inc., Raymond James Ltd., Wellington West Capital Inc., Argosy
Securities Inc., Desjardins Securities Inc., MGI Securities Inc., and Research
Capital Corporation.
    Mavrix has been the manager of 15 prior resource flow-through limited
partnerships, which have raised more than $450 million.

    About Mavrix Fund Management Inc.
    Mavrix Fund Management Inc. (TSX: MVX) is an asset management company
founded and operated by experienced portfolio managers. The company offers a
focused lineup of concentrated, actively managed funds that aim to complement
mainstream funds. Mavrix supports its products by providing financial advisors
with regular and direct access to portfolio managers and unbiased commentary,
which has enabled the company to become a trusted advisor to its clients.
Mavrix is headquartered in Toronto with offices in Halifax, Montreal,
Winnipeg, Calgary, and Vancouver. Additional information about Mavrix can be
found at

    %SEDAR: 00020385E

For further information:

For further information: Raymond M. Steele, Chief Financial Officer,
Mavrix Fund Management Inc., (416) 365-4071,

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