MRF 2007 Resource LP raises $90 Million

    IPO to provide exploration financing for growing Canadian resource

    TORONTO, April 30 /CNW/ - Middlefield Group announced today the closing
of its 39th resource fund, MRF 2007 Resource Limited Partnership, bringing to
over $1.6 billion the amount of capital that the firm has raised to invest in
the Canadian resource sector since 1983.
    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
    The syndicate of agents for the offering was co-led by CIBC World Markets
Inc. and RBC Capital Markets, and included BMO Nesbitt Burns Inc., National
Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Berkshire
Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation,
HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital
Inc., Blackmont Capital Inc., Middlefield Capital Corporation, Desjardins
Securities Inc. and Research Capital Corporation.

    Middlefield is a leading provider of flow-through share funds in Canada.
Middlefield Resource Funds focus on TSX listed oil and gas companies with
strong growth strategies led by experienced management teams.

    This press release is for information 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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