Discovery 2010 Flow-Through Limited Partnership initial public offering

TORONTO, July 29 /CNW/ - Middlefield Group, on behalf of Discovery 2010 Flow-Through Limited Partnership ("Discovery"), is pleased to announce that it has filed a preliminary prospectus relating to the initial public offering of Discovery Units. The offering will be made in each of the provinces and territories of Canada.

The objectives of the Partnership are to provide investors with capital appreciation and significant tax benefits to enhance after-tax returns, including the deductibility of 100% of their original investment. The Partnership intends to achieve these objectives by investing in an actively managed, diversified portfolio of equity securities of Canadian exploration, development and production companies involved primarily in mining and supplemented by companies operating in the oil and gas and renewable energy sectors.

The syndicate of agents for the offering is being co-led by RBC Dominion Securities Inc. and CIBC World Markets Inc. and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Dundee Securities Corporation, Manulife Securities Incorporated, Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Middlefield Capital Corporation, Macquarie Capital Markets Canada Inc., GMP Securities L.P., Wellington West Capital Markets Inc., Raymond James Ltd. and Desjardins Securities Inc.

Middlefield is a leading provider of flow-through share funds in Canada and has a strong track record of delivering positive after-tax returns. Since 1983, Middlefield has sponsored 45 public and private flow-through funds and has acted as agent or manager for over $1.8 billion of resource investments. Discovery's focus will be to construct a diversified portfolio of high quality, attractively valued companies which offer strong growth prospects and are led by experienced management teams.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from your IIROC registered financial advisor. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

SOURCE Discovery 2010 Flow-Through Limited Partnership

For further information: For further information: please visit our website at www.middlefield.com or contact Nancy Tham, Managing Director, Sales and Marketing, at 416.847.5349 or 1.888.890.1868

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Discovery 2010 Flow-Through Limited Partnership

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