November 13, 2000

Press Release

MIDDLEFIELD BANCORP LIMITED ANNOUNCES COMPLETION OF OFFER FOR 2M ENERGY CORP.

MIDDLEFIELD BANCORP LIMITED ("MBN") is pleased to announce that all conditions under its offer to purchase (the "Offer") all of the common shares of 2M Energy Corp. ("2M") have been satisfied.

The Offer expired at 5:00 p.m. (Toronto time) on Friday, November 10, 2000, at which time in excess of 90% of the 2M common shares had been tendered to the Offer. In accordance with the terms of the Offer, the tendered 2M common shares will be taken up and paid for by MBN on or before November 20, 2000.

MBN intends to acquire the balance of the outstanding common shares of 2M pursuant to the compulsory acquisition provisions of the Business Corporations Act (Ontario) and will seek the delisting of 2M's common shares on the Toronto Stock Exchange.

MBN is a Canadian merchant bank managed by the Middlefield Group. MBN's principal objective is to create long-term shareholder value through a twofold strategy of strategic investing in businesses with strong management and exceptional prospects for longer term earnings growth and special situation investing where there is excellent potential for significant capital appreciation. The aim is to produce a steady stream of growing earnings from strategic investments supplemented by earnings from special situation activities.

Middlefield Bancorp Limited trades on the Toronto Stock Exchange under the symbol "MBN".

For further information, contact:

W. Garth Jestley
President
(416) 362-0714