MTAX 2009 Gold Mineral Fund (the “Fund”) recently distributed  shares and warrants of Bravo Ventures to investors which were purchased by the  Fund at $0.30 per share and are now trading at a market value of $0.46 per  share; a 50% gain to our investors.  The total value of a $25,000 unit in the Fund approximates $29,000 at today's prices.  With tax refunds in 2009 approximating $15,000, the results are outstanding.

 

Since 2000 MTAX has been offering flow-through funds.  In 2008 MTAX offered three separate funds having an average value of $26,700 on the date the shares became free trading for every $25,000 unit. Since that time their value has increased even more – to $39,300 in our second Fund.   

 

Our one disappointing fund, MTAX 2007 (No. 2), failed to meet our expectations and got caught up in the melt down of mining shares in 2008.  Recently, however, Peregrine Diamonds, one of the nine investments in that fund, had superlative drilling results and its shares went up 400% from our purchase price.  If an investor had sold near the high less than two weeks ago, that stock alone would have proceeds of approximately $15,000 dollars per $25,000 unit.

 

A well known national flow-through fund recently published current value of flow-through funds started in 2008 and noted they were first out of some 18 larger flow-through funds with a market value of $20,940 per $25,000 investment at August 31, 2009.  At August 31, 2009 our 2008 funds had an average market value well over $30,000.   

 

Our fund significantly beats the top place in Canada, plus liquidity and can be expected in less than six months compared to a two year hold and roll-out to a mutual fund as in most other funds.   

 

 

· we buy well financed gold stocks in BC  wherever possible to take advantage of the 20% BC tax credit

· we build relationships with management of the  companies we invest in 

· we look for good properties that will  commence drilling and issue press releases during the four month hold  period

· we use our buying power to negotiate the best  prices

· wherever possible we obtain additional  warrants, which means additional value, for  investors

 

 

· you get up to the equivalent of 158% in  deductions due to BC and Federal tax credits (most funds are national and have  few of these credits)

· you get liquidity in less than six months  (most funds roll into mutual funds for a two year hold)

· we have a proven track record of  success

· flow-through shares are without question the  most conservative tax shelter as the deductions and credits are written into  the Act

· our best clients are tax partners of National  CA firms

· you can use your MTAX investment for  donations - based on results of the last four Funds if you invest $25,000 and  donate a $25,000 investment to your charity, you receive approximately $25,000  in tax refunds.  The donation costs you nothing.

 

 

We will be launching our fall fund on October 19, 2009.   Given the current optimism in the market and the current price of gold we anticipate significant interest in flow through shares this year.  We would like to take advantage of several opportunities that close October 28th, not waiting to year end, and thus will offer a 2% discount to anyone purchasing units prior to October 28, 2009.

 

We will be sending out a summary of this offering and updating our web page at  http://www.mtaxflowthrough.com. 

 

With rising gold prices, the falling US dollar, and demand from China, we see the opportunities as limitless.  We will continue to provide tax savings of over 60% of your investment in 2009, with the added security of a conservative portfolio.

 

 

Though past performance of MTAX Funds has certainly been impressive, there is no guarantee that future Funds will have the same performance.  There is the risk, that despite an at-risk amount of less than 50% of your investment (due to the receipt of your tax refund), that the future proceeds from the sale of your investment in MTAX fund may result in an overall loss.  Further, you should consider consulting with your tax advisor prior to purchasing the Fund.

 

Depending on your own personal situation, a purchase of a large amount of the Fund could result in the payment of minimum income tax.

 

For information contact:

 

Jim Kerr at 604.760.8355 or jamesdkerr@shaw.ca

 

George Ritchie at 604. 828.0757 or garitchie@strandco.com