Mavrix Fund Management Inc. Withdraws The Mavrix TSX Venture Graduation Fund Offering

    Mavrix Fund Management Inc. (MVX on TSX)

    TORONTO, Nov. 27 /CNW/ - Mavrix Fund Management Inc. ('Mavrix') announced
today that it has withdrawn the Mavrix TSX Venture Graduation Fund ('the
Fund') offering. Investor uncertainty, despite favourable valuations, has
negatively affected interest in the Fund. To proceed with an offering that
would result in operating expenses being too high on a per unit basis is
unacceptable to Mavrix and the underwriting syndicate. The Mavrix Small
Companies Fund is an available alternative with some exposure to the same
exciting sector of the market as the Fund. As a result, Mavrix will report a
significant one time expense in the fourth quarter reflecting the expenses
connected with the offering.

    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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