TORONTO, ONTARIO--(Marketwire - Feb. 19, 2010) - Mavrix Fund Management Inc. ("Mavrix") is proud to announce that the Mavrix Explorer Fund has earned recognition for excellence by the investment industry at the annual Canadian 2010 Lipper Awards event held in Toronto on February 18, 2010.

The Mavrix Explorer Fund, managed by Paul MacDonald, Portfolio Manager and Vice President, was named the Best Fund in the Natural Resources Equity category for its one year performance.

"The pursuit of performance through our consistent investment approach in the natural resource sector remains paramount. We are pleased to share the recognition with investors and their investment advisors who have confidently supported the Mavrix Explorer Fund." said MacDonald.

MacDonald, along with veteran Mavrix portfolio managers Mal Spooner and Ray Steele, also manage Mavrix Resource Limited Partnerships. Mavrix has raised over $490 million through 19 resource limited partnerships.

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.