To: TheSlowLane who wrote (10305 ) 4/12/2007 4:25:01 PM From: russet Read Replies (1) | Respond to of 30237 Sold many of my U producers and near producers except for some Labrador plays and jumped into this around when it listed,...seems to be trending up with the producers. Uranium Focused Energy Fund - Investment update and over-allotment TORONTO, April 12 /CNW/ - Middlefield Group, on behalf of Uranium Focused Energy Fund (the "Fund"), announced today that it has completed the issuance of an additional 840,000 units for aggregate gross proceeds of $8,400,000 pursuant to the over-allotment option granted to the agents in the Fund's recently completed initial public offering. The Fund is also pleased to announce that it has substantially invested the net proceeds of the initial public offering. Overview Uranium Focused Energy Fund is a TSX-listed fund focused predominantly on the securities of issuers that operate in or have exposure to the uranium sector, supplemented with securities of other energy related issuers. The Fund has been designed to capitalize on the view of the Advisor, Middlefield Capital Corporation, that the uranium sector will continue to provide attractive opportunities for investment over the next several years. The strong fundamentals underlying the uranium business include rising demand for nuclear power on the back of concerns over carbon emissions from coal-based power generation as well as the high cost of alternative fuels like natural gas. Advisor Middlefield Capital Corporation is a specialty investment manager with over $4.0 billion in assets under management. Since its inception in 1979, Middlefield has established a strong reputation as a creator and manager of unique investment products designed to balance risk and return to meet the demanding requirements of investment advisors and their clients. Middlefield has developed particular expertise in the oil and gas, mining and uranium sectors. Independent Consultant Global Fuel Solutions, an independent uranium industry consultant based in Los Altos, California, has been engaged to provide Middlefield with analysis and opinion regarding uranium market supply-demand fundamentals and associated pricing implications. Mr. Clark M. Beyer, Global Fuel's principal, has over 20 years experience in trading, marketing and consulting in the international markets for uranium and nuclear fuel. His experience and expertise includes: analysis of uranium market supply, demand and price trends; uranium production investment opportunities; fuel market forecasts and studies; sales and/or purchasing strategies; contract portfolio optimization; development of international sales and marketing channels; and import/export and regulatory support. ------------------------------------------------------------------------- << HIGHLIGHTS Inception March 20, 2007 Net Asset Value/Unit (April 10, 2007) $10.26 Net Assets $205,500,000 TSX Symbol UF.UN >> TOP FIFTEEN Cameco Corporation Paladin Resources Ltd. Denison Mines Corp. UrAsia Energy Ltd. Uranium Participation Corporation BHP Billiton Limited Energy Metals Corporation First Uranium Corporation UEX Corporation Areva CI Rio Tinto PLC SXR Uranium One Inc. Energy Resources of Australia Ltd. Ur-Energy Inc. Major Drilling Group International SECTOR ALLOCATION Uranium Companies 78% Other Energy 12% Uranium Related 5% Net Cash 5% ------------------------------------------------------------------------- For further information: please visit www.middlefield.com or contact Nancy Tham, Senior Vice-President, at (416) 847-5349 or toll free at 1-888-890-1868