Mavrix Fund Management Inc. reports Sales and Assets under Management Results for November 2007

    TORONTO, Dec. 3 /CNW/ - Mavrix Fund Management Inc. (TSX: MVX) today
reported Assets under Management (AUM) and sales for the month ending November
30, 2007. Primarily due to declining equity markets, total AUM decreased by
12.75% in November to $647.4 million with a year to date decrease of 5.68% and
a 2.89% decrease compared to November 30, 2006.
    Mavrix reported Net Redemptions of $10.5 million on Gross Sales of
$5.2 million for Mavrix Mutual Funds for the month ended November 30, 2007.
    "Our AUM decline for November and the resultant mutual fund transaction
activity reflected the performance of Canadian equity markets, particularly
the resource and small cap sectors," said David Balsdon, Vice-President and

                   AUM as at           AUM as at           AUM as at
                   November 30, 2007   December 31, 2006   November 30, 2006
    Mavrix         $468,875,651        $493,163,106        $487,370,167
    Specialty      $178,529,379        $193,223,889        $179,291,331
    Total          $647,405,030        $686,386,995        $666,661,498

    All amounts are expressed in Canadian dollars.

    Mavrix Fund Management Inc. is a growing Canadian asset management
company with shares listed on the Toronto Stock Exchange. Its stock symbol is

    %SEDAR: 00020385E

For further information:

For further information: Mavrix Fund Management Inc., Toll Free:
1-888-964-3533, Direct: (416) 362-3077, Or visit our website at

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