September 22, 1997

Press Release

MORRISON MIDDLEFIELD RAISING $28,000,000 THROUGH EQUITY OFFERING

MORRISON MIDDLEFIELD RESOURCES LIMITED ("MMRL") has entered into an agreement to issue 2 million Common Shares at a price of $14.00 per Common Share on a "bought deal" basis, for gross proceeds of $28,000,000. The offering is being underwritten by a syndicate of underwriters led by Gordon Capital Corporation. The financing is subject to regulatory approval and is expected to close on or about October 14, 1997.

Northstar Energy Corporation will be purchasing 25% of the issue. The net proceeds from this issue will be used to finance MMRL's capital spending plans onshore and offshore in the United Kingdom.

This media release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The Common Shares offered will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States.

For further information contact:

Raymond R. Pether
Chief Operating Officer
(416) 362-0714