Middlefield Tactical Energy Corporation announces normal course issuer bid

TORONTO, Sept. 8, 2011 /CNW/ - Middlefield Tactical Energy Corporation (the "Fund") announced today its intention to make a normal course issuer bid for its equity shares through the facilities of the Toronto Stock Exchange (the "TSX"). This normal course issuer bid is intended to commence on September 12, 2011 and will terminate on September 11, 2012.

The Fund had 1,074,071 equity shares issued and outstanding as at August 26, 2011. The Fund may, during the 12 month period commencing September 12, 2011 purchase on the TSX up to 104,037 equity shares, being 10% of the public float of 1,040,371 equity shares and may not, in any 30 day period, purchase more than 21,481 equity shares, being 2% of the equity shares issued and outstanding.  As at August 26, 2011 the Fund had purchased 71,500 equity shares at an average price of $5.84 under its previously approved normal course issuer bid. The Fund will cancel all equity shares purchased pursuant to the bid. The Fund believes that its equity shares may represent good value for the Fund and purchases under the normal course issuer bid may serve to enhance returns to shareholders.

Middlefield Tactical Energy Corporation trades on the Toronto Stock Exchange under the symbol "OCF".

SOURCE Middlefield Tactical Energy Corporation

For further information:

For further information visit our website at www.middlefield.com or contact the undersigned:

Nancy Tham
Managing Director, Sales and Marketing
(416) 847-5349

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Middlefield Tactical Energy Corporation

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