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

    Mavrix Fund Management Inc. (MVX on TSX)

    TORONTO, March 20 /CNW/ - Mavrix Fund Management Inc. is pleased to
announce the second closing of the Mavrix Explore 2007-I FT Limited
Partnership (the "LP"). Gross Proceeds to date are $41.5 million. 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 for April 25, 2007.
    Mavrix Fund Management Inc. has been the manager of ten prior Resource
Flow-Through Limited Partnerships that raised over $250 million in proceeds.
    The maximum size of the offering is $100,000,000 and is being 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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