AGF Funds Inc. today announced the appointment of Robert Lyon as Senior Vice-President and Portfolio Manager on AGF Canadian Resources Fund, AGF Global Resources Class and AGF Precious Metals Fund, effective April 21, 2008 pending regulatory approval. Mr. Lyon will assume lead management responsibilities for these three resource funds, working with AGF veteran fund manager W. Robert Farquharson.

 “We are delighted to have someone of Bob’s calibre and expertise join our world class investment management team,” said AGF Funds Inc. President Randy G. Ambrosie. “He is a welcome addition to our team as we continue to build and invest in the depth and breadth of talent within AGF. We are committed to delivering the best possible value to investors through strong long-term performance and continuity in our fund management.”

Mr. Lyon has nearly 20 years of investment industry experience with close to a decade of direct lead management experience on resource-related mutual funds. Prior to his most recent experience as Vice-President and Director of Proprietary Trading with one of Canada’s leading bank-owned investment dealers, Mr. Lyon served as Vice-President of Portfolio Management with two major Canadian mutual fund companies.

During his nine-year tenure with these two fund companies, Mr. Lyon’s consistent investment performance, combined with sales efforts, helped to increase natural resource assets under administration to over $400 million. 

A graduate of Carleton University with a Bachelor of Commerce Degree, Mr. Lyon is a CFA charterholder. He began his career at Nesbitt Thomson Inc. and then went on to work in various research capacities at ScotiaMcLeod Inc., Levesque Beaubien Geoffrion and IA Michael Investment Counsel. His responsibilities over the years have focused on researching Canadian oil and gas companies, covering base metal and precious metal sectors and making recommendations appropriate for retail and institutional clients.

“Not only does Bob Lyon have a strong long-term proven track record, but he shares our philosophy of excellence in money management through teamwork, research and rigorous analysis,” said AGF Chief Investment Officer and Executive Vice-President Martin Hubbes.

AGF also announced a number of appointments promoting several of its investment management professionals, effective April 7, 2008:

• James Sorbo has been promoted to Portfolio Manager. A highly experienced member of the AGF team, Mr. Sorbo will assume lead management of AGF Canadian Small Cap Fund and AGF Funds Inc.’s portion of Harmony Americas Small Cap Equity Pool, working alongside Bob Farquharson.
• Niall Dineen, formerly of AGF International Advisors Company Limited (AGFIA), has joined AGF Funds Inc. and been named Portfolio Manager of the AGF Canadian Value Fund and AGF Canadian Balanced Value Fund. He is supported by Associate Portfolio Manager (APM) Terry Chong.  AGFIA will continue to advise on these funds.
• Ani Markova, APM, joins the AGF Precious Metals Fund team. Ms. Markova will also continue as APM for AGF Canadian Balanced Fund.

“Today’s appointments underscore AGF’s ongoing commitment to building strong teams by creating a culture where we grow and develop talented investment professionals,” said Mr. Hubbes. “The addition of Bob Lyon will be a wonderful complement to the depth and breadth AGF has on our existing team of award-winning managers, associates and analysts.”

About AGF Management Limited
AGF Management Limited is one of Canada’s premier investment management companies with offices across Canada and subsidiaries around the world.  AGF’s products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Asset Management Group services for institutional and high-net-worth clients, as well as AGF Trust GICs, loans and mortgages. With over $49 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

For more information, contact AGF Corporate Communications:

Karen Danylak, Director
416-865-4308
Karen.Danylak@agf.com

Karen Archer, Media Relations Specialist
416-865-4295
Karen.Archer@agf.com