Mavrix Fund Management Inc. announced today that, in connection with the planned dissolutions of three Mavrix resource limited partnerships (LPs), it is proposing to transfer all of the assets of each LP to the Explorer Series of Mavrix Multi Series Fund Ltd. in exchange for mutual fund shares having the same aggregate net asset value as that of each of the LPs, subject to regulatory approval.

The three LPs are Mavrix Explore 2006-I FT Limited Partnership, the Mavrix Explore 2006-II FT Limited Partnership, and the Mavrix Explore Quebec 2006-I FT Limited Partnership.

The record date for each of the three rollover transactions is February 29, and the liquidity date is March 25. Appropriate elections under applicable income tax legislation will be made for each LP rollover transaction to occur on a tax-deferred basis.

It is currently intended that three LP’s will be dissolved on or about March 26, 2008. Ratios for each LP rollover transaction into the Explorer Series will be communicated at that time. Once confirmed by their investment dealer, investors will then be able to redeem their Explorer Series shares, retain them for longer-term growth or switch tax-free into any of the other series of Mavrix Multi Series Fund Ltd. Remaining invested in the Explorer Series avoids incurring a potential capital gains tax liability that arises upon redemption.

There are six series within the Mavrix Multi Series Fund Ltd. that provide significant flexibility to suit numerous investment objectives. The Series currently offered are Canadian Equity Series, Explorer Series, Global Enterprise Series, Growth Series, Income Series and Short Term Income Series. The proposed transfers provide the partners of the three LPs with liquidity and the ability to diversify their investments on a tax deferred basis.