SOURCE: Midland Baring Financial Group

January 11, 2008 09:00 ET

Midland Baring Signs $60 Million Financing Agreement for the Development of Real-Estate Ski Resort and Spa Tailored to the Gay Community

MONTREAL--(Marketwire - January 11, 2008) - Midland Baring Financial Group Ltd. (PINKSHEETS: MDBF) (FRANKFURT: M4U) today announced a financing agreement of $60 million with the "Santé Chaleur" group for the development of a real-estate ski resort and spa tailored to the Gay Community.

According to the company, the project will comprise of a Ski Resort, a full service health spa and a real-estate development. The ski resort and spa as well as the real-estate development will be tailored to the gay community.

"Having worked on the financing plan for some time now, we are very enthusiastic to finally be chosen as the financial partner along with Midland Coop and Relations Canada," said Constantine Caros, President of Midland Baring. "The gay community is a very important market segment, and this vacation home real-estate development and state of the art ski resort and spa will be completely tailored to their needs," further added Mr. Caros.

About Midland Baring Financial Group Ltd.

Midland Baring is a publicly traded corporate finance advisory services company, specializing in micro cap and the small cap market and more specifically the OTC Pinksheets, NASD OTC Bulletin Board, the TSX Venture and other international markets such as the Deutche Börse/ Frankfurt Stock Exchange. Midland Baring trades on the Pinksheets under the ticker symbol MDBF and the Frankfurt under M4U.

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