HALIFAX, NOVA SCOTIA--(Marketwire - May 1, 2012) - Matrix Asset Management Inc. (TSX:MTA) ("Matrix") announced that its first quarter 2012 financial results will be released on May 15, 2012.

These results will be discussed during the annual meeting ("Meeting") of shareholders of Matrix to be held that same day, beginning at 3:00 p.m. (Pacific Time) and also during a conference call on the following morning, May 16, 2012 at 9:00 a.m. (Eastern Time).

The details of the Meeting and conference call are available on Matrix's website at: http://www.matrixasset.ca/about/webcastsandpresentations.aspx

About Matrix Asset Management Inc.:

Matrix Asset Management Inc. (TSX:MTA) is a diversified asset and wealth management company with approximately $1.6 billion in assets under management and offices across Canada. Matrix's mission is to provide a diverse array of investment choices and the best possible investment management service for Canadian investors and institutions. Matrix delivers its services through three main operating subsidiaries serving institutional, high net worth, and retail investors.

FOR FURTHER INFORMATION PLEASE CONTACT:

Isabelle Gervasio
Matrix Asset Management Inc.
Vice President, Investor Relations & Business Development
514-227-0666 ext. 222
isabelle.gervasio@matrixasset.ca
www.matrixasset.ca