AGF Funds Inc. today announced the appointment of Bob Lyon as senior vp and portfolio manager three resource funds effective April 21 pending regulatory approval.

Lyon will assume lead management responsibilities for AGF Canadian Resources Fund, AGF Global Resources Class and AGF Precious Metals Fund, working with AGF veteran fund manager Bob Farquharson.

“We are delighted to have someone of Bob’s calibre and expertise join our world class investment management team,” says AGF Funds Inc. president Randy Ambrosie.

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 vp and director of proprietary trading with one of Canada’s leading bank-owned investment dealers, Lyon served as vp of portfolio management with CI Mutual Funds Inc. and BPI Financial Corp.

During his nine-year tenure with these two fund companies, 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, Lyon is a CFA charterholder. 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.

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. 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 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. Markova will also continue as APM for AGF Canadian Balanced Fund.