Rollover of MRF 2006 Resource Limited Partnership assets

    TORONTO, March 25 /CNW/ - Middlefield Mutual Funds Limited (the "Mutual
Fund") announced today that, in connection with the planned dissolution of MRF
2006 Resource Limited Partnership ("MRF 2006" or the "Partnership", cusip:
624742102), it is proposing to transfer all of the assets of MRF 2006 to the
Canadian Growth Class of Middlefield Mutual Funds Limited in exchange for
mutual fund shares having the same aggregate net asset value as that of the
Partnership. The record date for the transfer is April 2, 2008 and the
liquidity date is May 15, 2008. Appropriate elections under applicable income
tax legislation will be made to effect the transfer on a tax-deferred basis
during the period between record and liquidity dates.
    It is currently intended that MRF 2006 will be dissolved on or about
May 15, 2008. Investors will then be able to redeem their Canadian Growth
Class shares, retain them for longer-term growth or switch tax-free into any
of the other Mutual Fund classes. Remaining invested in the Mutual Fund avoids
incurring the capital gains tax liability that arises upon redemption of the
Mutual Fund shares.
    There are nine asset classes within the Mutual Fund, providing
significant flexibility to suit numerous investment objectives including
safety of capital, income and growth. The Classes currently offered are
Short-Term Income, Income Plus, Uranium Focused Metals, Canadian Balanced,
Global Growth, Canadian Growth, Resource, Equity Index and U.S. Growth. The
transfer will provide the partners of the Partnership with liquidity and the
ability to diversify their investments by participating in a large,
multi-class mutual fund.
    Investors should consult their advisors to determine the strategy that is
most suitable for them for the achievement of their own personal needs and

For further information:

For further information: visit our website at or
contact the undersigned: Nancy Tham, Senior Vice President, (416) 847-5349

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Middlefield Mutual Funds Limited

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