Caisse de dépôt et placement du Québec acquires debentures of Canadian Royalties Inc.



    MONTREAL, March 18 /CNW Telbec/ - Caisse de dépôt et placement du Québec
("Caisse") announces that it has acquired, in a private placement, $40,000,000
aggregate principal amount of convertible debentures of Canadian Royalties
Inc. ("Canadian Royalties").
    Caisse also holds 637,100 common shares of Canadian Royalties or 0.6% of
such shares outstanding.
    If Caisse were to exercise its conversion privilege, its participation
would represents a total of 15,182,556 common shares of Canadian Royalties, or
13.3% on a partially diluted basis.
    This transaction was made for investment purposes and Caisse could
increase or decrease its investments in Canadian Royalties depending on market
conditions or any other relevant factor.




For further information:

For further information: Gilles des Roberts, Media Relations, Caisse de
dépôt et placement du Québec, (514) 847-2175


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