Mavrix Fund Management Inc.

Mavrix Fund Management Inc.
Matrix Asset Management Inc.
TSX : MTA

Matrix Asset Management Inc.

March 23, 2010 10:37 ET

Mavrix Fund Management Inc. is Pleased to Announce the Filing of the Final Prospectus for the Mavrix Quebec 2010 Flow Through LP

TORONTO, ONTARIO--(Marketwire - March 23, 2010) - Mavrix Fund Management Inc. ("Mavrix") is pleased to announce the filing of the final prospectus for the Mavrix Québec 2010 Flow Through LP (the "Partnership"). The Partnership will invest in a diversified portfolio of flow-through shares issued primarily by mining companies with exploration activities in the province of Québec. Provided applicable conditions under the Taxation Act (Québec) are satisfied, a Québec Limited Partner, who is a resident of Québec at the end of the year, may be entitled to deduct up to 150% of certain exploration expenses incurred in the Province of Québec. The first closing of the offering is expected to occur on or about March 31, 2010.

Mavrix is the manager and portfolio advisor of the Partnership.

The maximum size of the offering is $20,000,000. The syndicate of agents is being led by Desjardins Securities Inc. with other syndicate members including Dundee Securities Corporation, Industrial Alliance Securities Inc., GMP Securities L.P., Laurentian Bank Securities Inc., Canaccord Financial Ltd. and Wellington West Capital Markets Inc.

Mavrix and the Partnership are being represented by Blake, Cassels & Graydon LLP and the syndicate of agents is being represented by McCarthy Tétrault LLP.

This offering is only made by prospectus, and by way of private placement. The prospectus related to this offering contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from Raymond Duong, Desjardins Securities Inc., at (416) 867-3566 or raymond.duong@vmd.desjardins.com or from Mavrix Fund Management Inc., Raymond Steele, Chief Financial Officer, at (416)-365-4071, Toll Free: 1-888-964-3533 or rsteele@mavrixfunds.com. Investors should read the prospectus before making an investment decision.

About Mavrix Fund Management Inc.

Mavrix Fund Management Inc. is an asset management company founded and operated by experienced portfolio managers. The company offers a focused lineup of concentrated, actively managed funds that aim to complement mainstream funds. Mavrix supports its products by providing financial advisors with regular and direct access to portfolio managers and unbiased commentary, which has enabled the company to become a trusted advisor to its clients. Mavrix is headquartered in Toronto with offices in Montreal. Mavrix is a subsidiary of Matrix Asset Management Inc. (TSX:MTA). Matrix manages combined assets of approximately $3 billion through three operating divisions – institutional asset management, conventional and specialty mutual funds, and venture capital/private equity.

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