MRF 2010 Resource Limited Partnership - Closing March 31, 2010

TORONTO, Feb. 23 /CNW/ - Middlefield Group, on behalf of MRF 2010 Resource Limited Partnership ("MRF 2010" or the "Partnership"), is pleased to announce that it has completed the first closing of the initial public offering of MRF 2010 Units for $26,000,000. The offering is being made in each of the provinces and territories of Canada. The Partnership will have a second closing on March 31, 2010.

The objectives of the Partnership are to provide investors with capital appreciation and significant tax benefits to enhance after-tax returns, including the deductibility of 100% of their original investment. The Partnership intends to achieve these objectives by investing in an actively managed, diversified portfolio of flow-through common shares of companies involved primarily in Canadian oil and gas, mining or renewable energy exploration, development and production.

The syndicate of agents for the offering is being co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc., and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Financial Ltd., Dundee Securities Corporation, HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Middlefield Capital Corporation, Raymond James Ltd., GMP Securities L.P., Macquarie Capital Markets Canada Ltd. and Wellington West Capital Markets Inc.

Middlefield is a leading provider of flow-through share funds in Canada. Since 1983, Middlefield has sponsored 44 public and private funds and has acted as agent or manager for over $1.7 billion of resource investments. Middlefield Resource Limited Partnerships focus on TSX listed oil and gas and mining companies with strong growth strategies led by experienced management teams.

This offering is only made by prospectus. The prospectus contains important detailed information about the fund being offered. Copies of the prospectus may be obtained from any of the dealers listed above or your IIROC registered financial advisor. Investors should read the prospectus before making an investment decision.

For further information: please visit our website at www.middlefield.com or contact Nancy Tham, Senior Vice-President, at [phone] or 1-888-890-1868