Discovery 2012 Flow-Through Limited Partnership

CLOSING SEPTEMBER 13, 2012 - Maximum $50,000,000

TORONTO, Aug. 29, 2012 /CNW/ - Middlefield Group, on behalf of Discovery 2012 Flow-Through Limited Partnership ("Discovery" or the "Partnership"), is pleased to announce that it has filed a final prospectus relating to the initial public offering of Discovery units. The offering is being made in each of the provinces and territories of Canada. The minimum offering size is $5 million and the maximum offering size is $50 million. Closing is scheduled for September 13, 2012.

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, comprised primarily of flow-through common shares of Canadian exploration, development and production companies involved primarily in mining and supplemented by companies operating in the oil and gas sector.

The syndicate of agents for the offering is being co-led by RBC Capital Markets and CIBC, and includes Scotiabank, BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., Manulife Securities Incorporated, GMP Securities L.P., Macquarie Private Wealth Inc., Canaccord Genuity Corp., Middlefield Capital Corporation, Raymond James Ltd. and Dundee Securities Ltd.

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 49 public and private flow-through funds and has acted as agent or manager for over $2 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 offering is only made by prospectus.  The prospectus contains important detailed information about the securities being offered.  Copies of the prospectus may be obtained from your IIROC registered financial advisor.  Investors should read the prospectus before making an investment decision.

SOURCE: Discovery 2012 Flow-Through Limited Partnership

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