Frontenac Mortgage Investment Corporation Holds its Annual General Meeting



    SHARBOT LAKE, ON, June 12 /CNW Telbec/ - Frontenac Mortgage Investment
Corporation held its Annual General Meeting at the Days Inn Hotel & Conference
Centre in Kingston, Ontario on June 9th, 2007. At the meeting the following
directors were elected to the Board; Colleen Allison of Sharbot Lake, Ontario;
Robert Barnes of Burlington, Ontario; William (Bill) Calvert of Huntsville,
Ontario; Kevin Corcoran of Kingston, Ontario; Eric Dinelle of Kingston
Ontario; Alan Gordon of Toronto, Ontario, and Margaret Kelk of Portland,
Ontario. Mr. Bill Calvert is the only Director that has not previously served
on the Board. Mr. Calvert brings a wealth of experience as a professional
forester and wildlife biologist. He has also had executive level experience in
the Provincial Government in Government Services, the Cabinet Office and the
Ministry of Northern Affairs. He has been active at the municipal level in
regional and community economic development. Some of his experience includes
determining land use, watershed planning and Aboriginal land claim
negotiations. The Corporation reluctantly said farewell to Carol
Anne Fazackerley who retired from the Board of Directors after 4 years of
service excellence to the Corporation and its predecessor.
    Another item of business was the appointment of Seeds & Company,
Professional Corporation as the Auditor of the Corporation for the fiscal year
2007 through to the Annual General Meeting of 2008. David Seeds & Company has
been the Auditor of the Corporation since its inception in October, 2004.
    The shareholders were pleased to approve the dividends of the Corporation
for 2006 in the amount of $986,023.00 (nine hundred and eighty-six thousand,
and twenty three dollars).

    Frontenac Mortgage Investment Corporation is a mortgage investment
corporation which distributes its common shares on an over-the-counter basis
to qualified investors.
    %SEDAR: 00021560E




For further information:

For further information: Wayne A. Robinson, CEO, Frontenac Mortgage
Investment Corporation, 1 877 279-2116; Barbara Neill, Corporate Secretary,
Frontenac Mortgage Investment Corporation, 1 877 279-2116 ext. 104

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Frontenac Mortgage Investment Corporation

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