MRF 2007 II Resource Limited Partnership - First Closing Completed - $40,000,000



    TORONTO, Sept. 18 /CNW/ - Middlefield Group, on behalf of MRF 2007 II
Resource Limited Partnership ("MRF 2007 II"), is pleased to announce that it
has completed the first closing of the initial public offering of MRF 2007 II
Units for $40 million. The offering is being made in each of the provinces and
territories of Canada. The Partnership will have a final closing on or before
October 18, 2007 and the maximum offering size will be $50 million.
    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 a diversified
portfolio of flow-through common shares of companies involved primarily in
Canadian oil and gas, mining or renewable energy exploration, development and
production.
    The syndicate of agents for the offering is being co-led by CIBC World
Markets Inc. and RBC Capital Markets, and includes BMO Nesbitt Burns Inc.,
National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc.,
Berkshire Securities Inc., Canaccord Capital Corporation, Dundee Securities
Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington
West Capital Inc., Blackmont Capital Inc., Middlefield Capital Corporation,
Desjardins Securities Inc. and Research Capital Corporation.

    Middlefield is a leading provider of flow-through share funds in Canada.
Since 1983, Middlefield has sponsored 39 public and private funds and has
acted as agent or manager for over $1.5 billion of resource investments.
Middlefield Resource Funds focus on TSX listed energy and mining companies
with strong growth strategies led by experienced management teams.

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    This press release is for information purposes only and does not
    constitute an offer to sell or a solicitation to buy the securities
    referred to herein. This offering is made by prospectus only and copies
    thereof may be obtained from any of the dealers listed above as may
    lawfully offer these securities in such province or territory or by
    contacting Middlefield toll-free at 1.888.890.1868.





For further information:

For further information: please visit our website at www.middlefield.com
or contact Nancy Tham, Senior Vice-President, at (416) 847-5349 or
1-888-890-1868

Organization Profile

MRF 2007 II RESOURCE LIMITED PARTNERSHIP

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