Mr. Barry Emes steps down from Realex Properties Corp. Board of Directors



    TRADING SYMBOL: RLX and RLX.A (TSXV)

    CALGARY, June 26 /CNW/ - Realex Properties Corp. ("Realex" or the
Corporation") announces the resignation of Mr. Barry Emes as Lead Director and
member of Realex Properties Corp. Board of Directors. Mr. Emes has served on
the Board since Realex first went public in October 2006 and has provided
strong guidance and leadership to the Board and the Corporation for over two
and half years. Realex is well positioned for future growth and the company is
grateful to Mr. Emes for the role he has played in helping Realex to achieve
its realized growth thus far. The Board of Directors will meet in coming weeks
to review the composition of the Board and make changes as may be deemed
appropriate.

    
    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this news release. Neither the TSX Venture Exchange nor its
    Regulation Services Provider (as that term is defined in the policies of
    the TSX Venture Exchange) accepts responsibility for the adequacy or
    accuracy of this news release.
    

    This news release contains forward looking statements subject to various
significant risks and uncertainties which may cause actual results,
performances and achievements of Realex to be materially different from any
future results, performances or achievements, expressed or implied by such
forward looking statements. Realex cannot assure investors that actual results
will be consistent with these forward looking statements and Realex assumes no
obligation to update or revise them to reflect new events or circumstances.




For further information:

For further information: Tom Heslip, President and Chief Executive
Officer, Realex Properties Corp., Telephone: (403) 206-3149, Facsimile: (403)
264-5892, Email: tomheslip@realex.org; Mark Suchan, Chief Financial Officer,
Realex Properties Corp., Telephone: (403) 206-3143, Facsimile: (403) 264-5892,
Email: msuchan@realex.org

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REALEX PROPERTIES CORP.

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