MRF 2016 Resource Limited Partnership - Initial Public Offering - Maximum $30,000,000

CALGARY, Dec. 23, 2015 /CNW/ - Middlefield Group^®, on behalf of MRF 2016 Resource Limited Partnership ("MRF 2016" or the "Partnership"), is pleased to announce that it has filed a preliminary prospectus relating to the initial public offering of MRF 2016 units. The offering will be made in each province of Canada.

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 comprised primarily of equity securities of Canadian exploration, development and production companies involved primarily in the mining and oil and gas sectors.

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 55 public and private flow-through funds and has acted as agent or manager for approximately $2.5 billion of resource investments.

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

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from members of the syndicate of agents listed above or from your IIROC registered financial advisor using the contact information for such agent or IIROC advisor. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

SOURCE MRF 2016 Resource Limited Partnership

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