Rollover of MRF 2007 II Resource Limited Partnership assets

TORONTO, Nov. 10 /CNW/ - Middlefield Mutual Funds Limited (the "Mutual Fund") announced today that, in connection with the planned dissolution of MRF 2007 II Resource Limited Partnership ("MRF 2007 II" or the "Partnership", cusip: 55348F101), it is proposing to transfer all of the assets of MRF 2007 II 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 November 13, 2009 and the liquidity date is December 3, 2009. These dates have been accelerated from the dates disclosed in the MRF 2007 II prospectus. 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 2007 II will be dissolved on or about December 3, 2009. 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 available 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 Groppe Tactical Energy, Short-Term Income, Income Plus, Uranium Focused Metals, Canadian Balanced, Canadian Growth, Equity Index, Global Agriculture and Precious Metals. 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 objectives.

SOURCE MRF 2007 II RESOURCE LIMITED PARTNERSHIP

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

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MRF 2007 II RESOURCE LIMITED PARTNERSHIP

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MIDDLEFIELD CANADIAN GROWTH CLASS

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