Saxon begins search for new chief financial officer

Incumbent Kevin Feeney to depart in mid-June

TORONTO, June 1 /CNW/ - Saxon Financial Inc. (TSX: SFI) announced today
the resignation of Kevin Feeney, its chief financial officer, effective    
June 15th, 2006.
Feeney leaves the company amicably to take on a new opportunity, and
Saxon will begin the search for a replacement immediately.

About Saxon Financial (www.saxonfinancial.ca)

Saxon Financial Inc. is one of Canada's most respected value-style
investment management firms.
The company has three principal lines of business: Saxon Funds Management
Limited, which manages a family of high-performing, low-fee mutual funds;
Howson Tattersall Investment Counsel Limited, an institutional asset
management business; and Howson Tattersall Private Asset Management Inc., a
private client asset management business.