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

    Mavrix Fund Management Inc. (MVX on TSX)

    TORONTO, Sept. 27 /CNW/ - Mavrix Fund Management Inc. is pleased to
announce the initial closing of the Mavrix Explore 2007-II FT Limited
Partnership (the "LP"). Gross Proceeds raised were $33.8 million and represent
the largest initial closing 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. The final closing is scheduled to occur on or before
October 16, 2007.
    Mavrix Fund Management Inc. has been the manager of twelve prior Resource
Flow-Through Limited Partnerships that raised over $360 million in proceeds.
    The maximum size of the offering is $50,000,000 and is being co-led by
Dundee Securities Corporation, CIBC World Markets Inc., RBC Capital Markets
Inc., and TD Securities Inc. Other syndicate members include Canaccord Capital
Corporation, Scotia Capital Inc., Blackmont Capital Inc., Raymond James Ltd.,
Wellington West Capital Inc., Berkshire Securities Inc., GMP Securities L.P.,
IPC Securities Corporation, Bieber Securities Inc., Desjardins Securities
Inc., 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: 00025765E

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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