ACTIVENERGY ANNOUNCES NORMAL COURSE ISSUER BID

TORONTO, Dec. 8 /CNW/ - ACTIVEnergy Income Fund announced today its intention to make a normal course issuer bid for its units through the facilities of the Toronto Stock Exchange (the "TSX"). This normal course issuer bid will commence on December 10, 2010 and will terminate on December 9, 2011. In accordance with the Declaration of Trust by which ACTIVEnergy is governed, market purchases pursuant to its normal course issuer bid may be effected by the Fund.

The Fund had 18,012,553 units issued and outstanding as at December 2, 2010. ACTIVEnergy may, during the 12 month period commencing December 10, 2010 purchase on the TSX up to 1,799,543 units, being 10% of the public float of 17,995,437 units and may not, in any 30 day period, purchase more than 360,251 units, being 2% of the units issued and outstanding. ACTIVEnergy will hold in treasury for resale all units purchased pursuant to the bid. As at December 2, 2010 ACTIVEnergy has purchased 145,800 units at an average price of $7.17 per unit under its previously approved normal course issuer bid. ACTIVEnergy believes that its units represent good value for the Fund and purchases under the normal course issuer bid may serve to enhance returns to unitholders.

ACTIVEnergy trades on the Toronto Stock Exchange under the symbol "AEU.UN".

For further information:

visit our website at www.middlefield.com or contact the undersigned:

Nancy Tham
Senior Vice President
[phone]