Uranium Focused Energy Fund - Initial Public Offering

    TORONTO, Jan. 30 /CNW/ - Middlefield Group, on behalf of Uranium Focused
Energy Fund (the "Fund"), is pleased to announce that it has filed a
preliminary prospectus in relation to the initial public offering of units of
the Fund.
    The Fund will be advised by Middlefield Capital Corporation (the
"Advisor") and Global Fuel Solutions ("GlobalFuel"), an independent uranium
industry consultant based in Los Altos, California, which has been engaged to
provide analysis and opinion regarding uranium market supply-demand
fundamentals and associated pricing implications. Mr. Clark M. Beyer,
GlobalFuel's principal, has over 20 years experience in trading, marketing and
consulting in the international markets for uranium and nuclear fuel. Mr.
Beyer will be the individual primarily involved in providing services on
behalf of GlobalFuel.
    The Fund has been designed to capitalize on the view of the Advisor that
the uranium sector will continue to provide attractive opportunities for
investment over the next several years. The Advisor expects that primary
uranium supply will continue to fall short of global demand over the life of
the Fund due predominantly to limitations in the production capacity of
existing mines, while secondary uranium supplies, such as inventories,
stockpiles and decommissioned nuclear weapons, which historically have bridged
the global uranium supply shortfall, are expected to steadily decline. In
light of the significant capital and time requirements associated with the
development of new uranium mines, the Advisor expects uranium prices to remain
strong over the life of the Fund, which will terminate on December 31, 2013.
    The Fund's investment objectives are to achieve capital appreciation of
the investment portfolio and to pay quarterly distributions to unitholders.
The initial indicative yield is 5% per annum based upon the original issue
price of $10.00 per unit. In order to achieve the Fund's investment
objectives, the Portfolio will be focused on the securities of issuers that
operate in or have exposure to the uranium sector, supplemented with the
securities of other energy related issuers that operate in or have exposure to
the energy sector. The Advisor expects that the weighting in uranium related
securities will comprise approximately 75% of the value of the initial
Portfolio and will include such companies as Cameco Corp., Paladin Resources
Ltd., Denison Mines Corp. and sxr Uranium One Inc. The Portfolio will be
focused on securities which, in the view of the Advisor, are of high quality
issuers that exhibit strong fundamentals and superior prospects for
exploration and development, and offer the potential to benefit from the
favourable supply-demand fundamentals in the uranium sector.
    Individuals investing in Uranium Focused Energy Fund will have the option
of paying for units by exchanging securities of certain specified issuers,
subject to the terms and conditions set forth in the prospectus. By exchanging
securities for units of Uranium Focused Energy Fund, investors are able to
achieve the benefits of diversification and professional management.
    The syndicate of agents is being co-led by CIBC World Markets Inc. and
RBC Capital Markets, and includes Scotia Capital Inc., BMO Nesbitt Burns Inc.,
National Bank Financial Inc., TD Securities Inc., Blackmont Capital Inc.,
Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities
(Canada) Inc., Raymond James Ltd., Wellington West Capital Inc., Desjardins
Securities Inc., Berkshire Securities Inc., Middlefield Capital Corporation
and Research Capital Corporation.

    A preliminary prospectus relating to these securities has been filed with
securities commissions or similar authorities in all of the provinces of
Canada and the Yukon Territory but has not yet become final for the purpose of
a distribution to the public. This material shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale or
any acceptance of an offer to buy these securities in any province of Canada
or the Yukon Territory prior to the time a receipt for the final prospectus or
other authorization is obtained from the securities commission or similar
authority in such province or territory.

For further information:

For further information: please visit our website at www.middlefield.com
or contact Nancy Tham, Senior Vice-President, at (416) 847-5349 or toll free
at 1-888-890-1868

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