Discovery 2008 Flow-Through Limited Partnership - Closing October 23, 2008

    TORONTO, Sept. 18 /CNW/ - Middlefield Group, on behalf of Discovery 2008
Flow-Through Limited Partnership ("Discovery"), is pleased to announce that it
has completed the first closing of the initial public offering of Discovery
Units. The offering is being made in each of the provinces and territories of
Canada. The Partnership will have a second closing on October 23, 2008.
    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
    The syndicate of agents for the offering is being co-led by Canaccord
Capital Corporation and Dundee Securities Corporation and includes HSBC
Securities (Canada) Inc., Manulife Securities Incorporated, Raymond James
Ltd., Blackmont Capital Inc., Wellington West Capital Inc., Burgeonvest
Securities Ltd., GMP Securities L.P., Haywood Securities Inc., Middlefield
Capital Corporation, Research Capital Corporation, Desjardins Securities Inc.,
Industrial Alliance Securities Inc. and Laurentian Bank 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 41 public and private funds and has acted as
agent or manager for over $1.5 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.

    This press release is for informational 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
or contact Nancy Tham, Senior Vice-President, at (416) 847-5349 or

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