Jov Diversified Flow-Through 2007 Limited Partnership

Jov Diversified Flow-Through 2007 Limited Partnership

November 20, 2007 12:01 ET

Jov Diversified Flow-Through 2007 Limited Partnership Books Now Open-Book Closing November 29th at 12 pm EST

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2007) - Jov Diversified Flow-Through 2007 Limited Partnership ("the Partnership") is pleased to announce that its books are now open for a third and final closing. The Jov Diversified Flow-Through 2007 Limited Partnership is a $20,000,000 maximum offering. To date the Partnership has raised a total of $16,259,125 (650,365 Partnership Units issued), and there remains only $3,740,875 (149,635 Partnership Units) available. The books will close Thursday, November 29, 2007 at 12 pm EST. Please note that the books will close without notice when sold out.

Partnership Objectives. The Partnership will provide Limited Partners with a tax-assisted investment in a diversified portfolio of flow-through shares of resource companies with a view to achieving capital appreciation for Limited Partners. The principal business of the resource companies will be mineral or oil and gas exploration, development and production or certain energy production that may incur certain start-up phase costs of renewable energy projects. Portfolio allocation will be dependent on industry trends and investment opportunities available to the Partnership.

The Syndicate. The syndicate of agents for the offering is being led by CIBC World Markets Inc. and includes National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Berkshire Securities Ltd., Canaccord Capital Corporation, Dundee Securities Corporation, Wellington West Capital Inc., Desjardines Securities Inc., HSBC Securities (Canada) Inc., IPC Securities Corporation, Raymond James Ltd., Saunders Wealth Management Group Ltd., Burgeonvest Securities Limited, MGI Securities Inc. and Richardson Partners Financial Limited.

Tax Benefits. Investors will be able to receive tax deductions for 2007 of approximately 100% of the amount of their investment based on completion of the maximum offering and certain other assumptions as set forth in the Final Prospectus.

The Sub-Advisor and the Portfolio Manager. T.I.P. Wealth Manager Inc. ("T.I.P.") will act as sub-advisor to JovInvestment Management Inc. and will be responsible for the Partnership's investment activities. Mr. Jim Huang, the President of T.I.P., will act as Portfolio Manager on behalf of T.I.P. Mr. Huang has over 14 years of experience investing in the Canadian capital markets. As lead or co-manager Portfolio Manager while working at Natcan Investment Management (formerly Altamira Management Limited), Mr. Huang has managed or co-managed over $2 billon in mutual funds and institutional assets, including all of the resource and equity income products in the Altamira and National Bank mutual fund families. Altamira Energy Fund, Altamira Resource Fund, Altamira Precious and Strategic Metals Fund and AltaFund (a Canadian Equity fund focusing on Western Canada) had industry-leading performance and won awards and positive press coverage during Mr. Huang's management. In addition, Mr. Huang has experience managing the portfolios of flow-through limited partnerships and other resource funds, having acted as investment adviser for Rhone 2004 Flow Through Limited Partnership, Rhone 2005 Flow-Through Limited Partnership, Alpha Energy 2006 Flow-Through Fund, First Asset Energy & Resource Income & Growth Fund and First Asset Energy and Resource Fund, as well as other privately offered flow-through investment vehicles.

Offering Jurisdictions. Each of the provinces and territories of Canada.

Investment Guidelines. The Partnership has developed investment guidelines and restrictions which govern the Partnership's overall investment activities, which include the following:



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INVESTMENT GUIDELINES
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Investment
Restrictions
(% of NAV
Type of Investment upon investment)
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Resource Companies listed on a stock exchange At least 80%

Resource Companies listed and posted for trading on
the TSX, NYSE, AMEX or the NASDAQ National Market At least 25%

Illiquid Investment (including securities of Resource
Companies that are not publicly traded) Not more than 20%

Investment in any one Resource Company Not more than 20%

Investment in Related Entities Not more than 10%
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In addition, the Investment Portfolio will be managed, at all times, in such a way as to preserve the ability to undertake a future Liquidity Event, such as a rollover into a mutual fund corporation.

The Investment Manager.

JovInvestment Management Inc. ("JovInvestment") is the investment manager of the Partnership. JovInvestment provides management and fund management services for mutual funds, closed-end funds and labour sponsored investment funds.

JovInvestment, is a wholly-owned subsidiary of Jovian Capital Corporation ("Jovian") and is a member of the JovFunds group of companies. JovFunds provides investment solutions for Canadian investors through the creation, management and distribution of high quality investment products. Jovian is a publicly-traded company listed on the Toronto Stock Exchange (JOV). Jovian is a holding and management company with interests in a variety of Financial service firms specializing in wealth and asset management. The Jovian group of companies operate as a national financial services organization with approximately $14.6 billion of client assets ($5.4 billion in assets under management and $9.2 billion in assets under administration).

A final prospectus dated October 9, 2007 relating to these securities has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada for the purpose of distribution to the public. This press release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. This release is provided for information purposes only. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

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