Rollover of MRF 2006 II Resource Limited Partnership



    TORONTO, Feb. 3 /CNW/ - Middlefield Mutual Funds Limited (the "Mutual
Fund") is pleased to announce that it has completed the distribution to MRF
2006 II Resource Limited Partnership (the "Partnership") investors of its
Canadian Growth Class shares that resulted from the transfer of all of the
assets of the Partnership to the Mutual Fund. The Partnership was dissolved on
February 2, 2009. Partnership investors can determine their Canadian Growth
Class shareholdings by multiplying the number of Units they held in the
Partnership by 1.75705625. Shares of Canadian Growth Class have now been
credited to the accounts of beneficial holders of Partnership Units. The
adjusted cost base of the shares of the Canadian Growth Class distributed to
Partnership investors is $7.2389999 per share. There are no fees charged on
the rollover into the Mutual Fund, nor on redemptions of Mutual Fund shares.
    The transfer was a tax-free exchange which means that no disposition
occurred and therefore no capital gains tax is payable as a result of the
rollover. Investors can continue to defer the capital gains tax liability that
arises upon disposition of their investment by retaining the shares of the
Mutual Fund, which currently offers ten asset Classes into which they can
switch tax-free. In addition to the Canadian Growth Class, also offered are
Resource, Income Plus, Equity Index, Canadian Balanced, U.S. Growth,
Short-Term Income, Uranium Focused Metals, Precious Metals, and Commodities
and Agriculture Class. Investors should consult their investment advisor to
select the most suitable strategy for them based on their unique personal
needs and objectives.





For further information:

For further information: visit our website at www.middlefield.com or
contact the undersigned: Nancy Tham, Senior Vice President, (416) 847-5349

Organization Profile

MRF 2006 II RESOURCE LIMITED PARTNERSHIP

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Middlefield Mutual Funds Limited

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