Mavrix Fund Management Inc. is Pleased to Announce the Second Closing for the Mavrix Quebec 2009 Flow Through LP

TORONTO, ONTARIO, Oct 29 (MARKET WIRE) --
Mavrix Fund Management Inc. ("Mavrix") is pleased to announce the second
closing of the sale of limited partnership units of Mavrix Quebec 2009
Flow Through LP (the "Partnership"). Gross proceeds raised to date are
$4.048 million. The Partnership will primarily invest in flow-through
shares of resource issuers engaged in mineral or oil and gas exploration
primarily in the Province of Quebec, with a view to maximizing the tax
benefit of an investment in the Units, preserving capital and achieving
capital appreciation. The Partnership intends to focus on companies in
the intermediate and junior resource sector with advanced exploration
programs. A final closing of the offering is scheduled to occur on or
about November 17, 2009. The maximum size of the offering is $20,000,000.

Mavrix is the manager and portfolio advisor of the Partnership.

The syndicate for the offering is being led by Desjardins Securities Inc.
with other syndicate members including CIBC World Markets Inc., BMO
Capital Markets, Canaccord Capital Corporation, Dundee Securities
Corporation, Industrial Alliance Securities Inc., Laurentian Bank
Securities Inc., GMP Securities L.P. 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
Tetrault LLP.

This offering is only made by prospectus. The prospectus related to this
offering contains important detailed information about the securities
being offered. Copies of the prospectus may be obtained from Richard
Huang, Desjardins Securities Inc., at (416) 867-3566 or
richard.huang@vmd.desjardins.com. and also from Mavrix Fund Management
Inc., Raymond Steele, Chief Financial Officer. Direct: 416-365-4071, Toll
Free: 1-888-964-3522 or E-mail: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 Halifax, Montreal and Winnipeg. Mavrix's parent company is GrowthWorks
Ltd. GrowthWorks Ltd. venture capital division specializes in the
management and growth of regionally based venture capital funds.
GrowthWorks Ltd. has combined assets under management of over $1 billion.

Contacts:
Mavrix Fund Management Inc.
416-362-3077 or 1-888-964-3533
www.mavrixfunds.com

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