Unable to make an agreement with the provincial government of the time, the Mississaugas in 1848 accepted an offer from the Six Nations Confederacy of 1,900 ha (4,800 acres) of land inside their own property, as a compensation to the Mississaugas for their authorization for the British purchase of the land in 1784 for the establishment of the Six Nations Reserve.

[6] The reserve had been granted to the Six Nations by the Haldimand Proclamation in gratitude for their military alliance with the British during the American Revolutionary War, allowing their resettlement from their previous homeland in what had become New York State.

In 1997, MCFN purchased an additional 24 ha (59 acres) bordering on Highway 6, Hagersville.

The money was distributed to the band government, with each of the 1,700 present day Mississaugas receiving $20,000, with the rest placed in trust for future generations.

The multi-million dollar settlement was only given to previously registered members despite any valid claims to membership.