AGF Funds Inc. today announced that effective today Portfolio Manager Caterina Prato is joining industry veteran Bob Farquharson on the AGF Canadian Small Cap Fund and AGF Funds Inc.’s portion of Harmony Americas Small Cap Equity Pool.

Prato is an experienced member of AGF’s North American Equities Team and already manages the AGF Canada Class, AGF Canadian Stock Fund and AGF Canadian Stock Class, along with AGF’s Chief Investment Officer and Executive Vice-President Martin Hubbes.

With more than a decade of investment management expertise, Prato began her career as an investment analyst in the industry and has been focusing on North American equities since 2001.  An MBA graduate from the Rotman School of Business, she also holds the Chartered Financial Analyst designation.

“I am delighted to expand Caterina’s role as we continue to build a strong team of talented investment professionals at AGF,” said Hubbes.  “This appointment reinforces our commitment to provide excellence in money management.”

AGF also announced that James Sorbo is leaving the firm to pursue other opportunities effective April 30, 2008.

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 approximately $50 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:

Lucy Becker, Vice-President
416-865-4284
Lucy.Becker@agf.com

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