Mavrix Fund Management Inc. Is Pleased To Announce The Final Closing For The Mavrix Explore 2007-I FT LP

    Mavrix Fund Management Inc. (MVX on TSX)

    TORONTO, April 25 /CNW/ - Mavrix Fund Management Inc. is pleased to
announce the final closing of the Mavrix Explore 2007-I FT Limited Partnership
(the "LP"). Total units sold were 6,249,110 for total proceeds of $62,491,100.
These results represent the most successful Initial Public Offering of a
Mavrix resource flow-through limited partnership to date. The LP will invest
in a diversified portfolio of flow-through shares issued primarily by mining
companies with exploration activities in Canada.
    Mavrix Fund Management Inc. has been the manager of ten prior Resource
Flow-Through Limited Partnerships that raised over $250 million in proceeds.
    The Mavrix Explore 2007-I FT Limited Partnership Initial Public Offering
was led by Dundee Securities Corporation, CIBC World Markets Inc., and TD
Securities Inc. Other syndicate members include Canaccord Capital Corporation,
Scotia Capital Inc., Berkshire Securities Inc., Blackmont Capital Inc.,
Raymond James Ltd., Wellington West Capital Inc., HSBC Securities (Canada)
Inc., IPC Securities Corporation, Bieber Securities Inc., Desjardins
Securities Inc., Union Securities Ltd., MGI Securities Inc., Argosy Securities
Inc., Industrial Alliance Securities Inc., and Laurentian Bank Securities Inc.

    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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