MRF 2010 Resource Limited Partnership - Initial public offering - Maximum
$100,000,000

TORONTO, Jan. 4 /CNW/ - Middlefield Group, on behalf of MRF 2010 Resource Limited Partnership ("MRF 2010" or the "Partnership"), is pleased to announce that it has filed a preliminary prospectus relating to the initial public offering of MRF 2010 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 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.

DEFERRED PAYMENT OPTION

Investors participating in the first closing have the option to pay the subscription price of $25.00 per unit in full, or in two equal installments. The first installment of $12.50 per unit is payable at the first closing date and the second installment of $12.50 per unit is payable on or before August 11, 2010.

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

Middlefield is a leading provider of flow-through share funds in Canada. Since 1983, Middlefield has sponsored 44 public and private funds and has acted as agent or manager for over $1.7 billion of resource investments. Middlefield Resource Limited Partnerships focus on TSX listed oil and gas and mining companies with strong growth strategies led by experienced management teams.

A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in any such province or territory.

SOURCE MRF 2010 RESOURCE LIMITED PARTNERSHIP

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 2010 RESOURCE LIMITED PARTNERSHIP

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