MORRISON MIDDLEFIELD ("MMRL")
CLOSES $ 28,000,000 EQUITY OFFERING

MMRL has completed its previously announced "bought deal" agreement and has issued 2 million Common Shares at a price of $14.00 per Common Share raising gross proceeds of $28,000,000. This offering was underwritten by a syndicate of underwriters led by Gordon Capital Corporation, and included RBC Dominion Securities Inc., ScotiaMcLeod Inc., Peters & Co. Limited, Sprott Securities Ltd., Middlefield Securities Limited, and Canaccord Capital Corporation.

Northstar Energy Corporation, a principal shareholder of the Corporation, purchased 25% of the issue at the offering price. The net proceeds from this issue will be used to finance MMRL's capital spending program in the United Kingdom and for other general corporate purposes.

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

October 14, 1997