Matrix Announces the Filing of the Preliminary Prospectus for the Matrix 2013 Short Duration National and Quebec Flow Through LP

TORONTO, ONTARIO--(Marketwire - March 4, 2013) - Matrix Funds Management (a division of Growth Works Capital Ltd.) ("Matrix") is pleased to announce the filing of the preliminary prospectus for the initial public offering of units of Matrix 2013 Short Duration National and Québec Flow Through LP (the "Flow Through LP"). The Flow Through LP is a flow-through investment fund with a dual-class structure which allows investors to obtain units of a National portfolio ("National Class Units") or units of a Québec portfolio ("Québec Class Units") and together with the National Class Units, the "Units", each with its own investment objectives and distinct tax deductions. The National Class Unit is suitable for individual investors who are Canadian residents subject to Canadian income tax. The Québec Class Unit is primarily suitable for individual investors who are residents of the Province of Québec subject to Québec income tax. It is anticipated that both portfolios will rollover into the designated mutual fund on or before February 14, 2014.

The Flow Through LP will primarily invest in flow-through shares of resource issuers engaged in mineral or oil and gas exploration and/or development in Canada and Québec, with a view to maximizing the tax benefit of an investment in the Units, preserving capital and achieving capital appreciation for holders of the Units.

Matrix is the manager and portfolio advisor of the Flow Through LP.

The offering has been set at a maximum of $50,000,000 for the National Class Units and $25,000,000 for the Québec Class Units. The syndicate for the offering is being co-led by National Bank Financial Inc., CIBC and Desjardins Securities Inc. with other syndicate members including BMO Nesbitt Burns Inc., TD Securities Inc., Industrial Alliance Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Argosy Securities Inc., Burgeonvest Bick Securities Limited, Dundee Securities Ltd., Laurentian Bank Securities Inc., Mackie Research Capital Corporation, Macquarie Private Wealth Inc. and Raymond James Ltd. (the "Agents).

Matrix and the Flow Through LP are represented by Blake, Cassels & Graydon LLP and the Agents are represented by McCarthy Tétrault LLP.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any IIROC registered financial advisor. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

About Matrix

Matrix is the manager of the Matrix Funds and is a subsidiary of Matrix Asset Management Inc. (TSX:MTA). Matrix Asset Management Inc. provides diversified asset and wealth management for both individuals and institutional investors. Please visit www.matrixfunds.ca for more information.