Melcor Developments Ltd., (TSX:MRD) Announces Recent Acquisitions



    CALGARY, April 9 /CNW/ - The Company is pleased to announce the following
strategic acquisitions which total approximately $45,000,000 and have closed
during the first quarter:
    
    -  The purchase of a 50% interest in 474 acres of land in the south west
       part of Edmonton. These lands include a championship golf course in
       the south west part of Edmonton known as Jagare Ridge. The course has
       been operating since 2002 and has 12 holes located in the Whitemud
       Creek Valley;
    -  The purchase of a 50% interest in 157 acres of industrial lands in the
       County of Red Deer located just south of the City of Red Deer;
    -  The purchase of 160 acres of residential lands in west Lethbridge;
    -  The purchase of 77 acres of residential lands in the City of Airdrie;
    -  The purchase of a 60% interest in 160 acres of lands in the City of
       Airdrie that were previously under option and adjacent to a community
       called Kings Heights which is currently under development by the
       Company; and
    -  The purchase of a 42,800 square foot office building in Regina,
       Saskatchewan.

    Subsequent to the first quarter, the company has made the following
acquisitions:
    -  The purchase of 686 acres of land in the RM of Sherwood which is
       immediately adjacent to the City of Regina, Saskatchewan; and
    -  The purchase of 73 acres of land in the County of Red Deer which is
       located adjacent to the City of Red Deer.

    Further, the company has the following unconditional purchases which are
scheduled to close during the second quarter:
    -  The purchase of a 50% interest in 123 acres in the Town of Lacombe,
       Alberta;
    -  The purchase of 77 acres in the City of St. Albert, Alberta; and
    -  The purchase of a 29,000 square foot office building in Kelowna,
       British Columbia.
    

    The Company expects to release the first quarter results at the close of
markets on May 7, 2007.





For further information:

For further information: please contact the undersigned, Business
Contact, Ralph B. Young, President & CEO, Melcor Developments Ltd.,
info@melcor.ca, Tel: (780) 423-6931, Fax: (780) 426-1796; Investor Relations, 
Michael D. Shabada, C.A., Vice-President, Finance & CFO, Melcor Developments
Ltd., info@melcor.ca, Tel: (780) 945-2819, Fax: (780) 426-1796

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MELCOR DEVELOPMENTS LTD.

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