MRF 2016 Resource Limited Partnership Raises $26.5 Million

CALGARY, April 27, 2016 /CNW/ - Middlefield Group^® is pleased to announce the final closing of its 56^th resource fund, MRF 2016 Resource Limited Partnership (the "Partnership"), which raised total proceeds of $26.5 million.

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 56 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 was 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.

This offering was 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 using the contact information for such advisor. Investors should read the prospectus before making an investment decision.

SOURCE MRF 2016 Resource Limited Partnership

please visit our website at www.middlefield.com or contact Nancy Tham or Michael Bury in our Sales and Marketing Department, at 1.888.890.1868.