Rollover of MRF 2007 Resource Limited Partnership

    TORONTO, May 19 /CNW/ - Middlefield Mutual Funds Limited (the "Mutual
Fund") is pleased to announce that it has completed the distribution to MRF
2007 Resource Limited Partnership (the "Partnership") investors of its
Canadian Growth Class shares that resulted from the transfer of all of the
assets of the Partnership to the Mutual Fund. The Partnership was dissolved on
May 15, 2009. Partnership investors can determine their Canadian Growth Class
shareholdings by multiplying the number of Units they held in the Partnership
by 1.28140288. Shares of Canadian Growth Class have now been credited to the
accounts of beneficial holders of Partnership Units. The adjusted cost base of
the shares of the Canadian Growth Class distributed to Partnership investors
is $6.19073839 per share. There are no fees charged on the rollover into the
Mutual Fund, nor on redemptions of Mutual Fund shares.
    The transfer was a tax-free exchange which means that no disposition
occurred and therefore no capital gains tax is payable as a result of the
rollover. Investors can continue to defer the capital gains tax liability that
arises upon disposition of their investment by retaining the shares of the
Mutual Fund, which currently offers eight asset Classes into which they can
switch tax-free. In addition to the Canadian Growth Class, also offered are
Resource, Income Plus, Equity Index, Canadian Balanced, Short-Term Income,
Uranium Focused Metals and Precious Metals. A new Class, Global Agriculture
Class, will be available by the end of May, 2009. Investors should consult
their investment advisor to select the most suitable strategy for them based
on their unique personal needs and objectives.

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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