Realex Properties Corp. announces appointment of director



    TRADING SYMBOL: RLX and RLX.A (TSXV)

    CALGARY, March 27 /CNW/ - The Board of Directors of Realex Properties
Corp. ("Realex") is pleased to announce that Mr. Les Johannesen has been
appointed a Director and Chair of the Audit Committee of Realex, effective
March 27, 2008, subject to regulatory approval.
    Mr. Johannesen has over 25 years of experience in public practice as a
partner with KPMG LLP. He has a broad background specializing in corporate
assurance and advisory services and has served many publicly-listed companies
and privately-owned companies in the Calgary and Western Canadian market.
Since retirement from KPMG in 2003, Mr. Johannesen had been active as a
business consultant and senior financial advisor having completed a successful
interim role as CEO of the Calgary Olympic Development Association ("CODA")
and most recently having held an interim CFO position with a junior pipeline
construction company.
    Mr. Johannesen holds a Bachelor of Commerce degree from the University of
British Columbia, is a Chartered Accountant and is a member of the Institute
of Corporate Directors. He is currently a member of the CODA Investment Trust
Committee and is a member of the Conduct and Discipline Committee of the
Alberta Institute of Chartered Accountants. Mr. Johannesen is a past director
on the Board of the United Way of Calgary and Area and is a past Chairman and
honorary director of CODA.

    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this news release. The TSX Venture Exchange does not accept
    responsibility for the adequacy or accuracy of this news release.





For further information:

For further information: Marc Sardachuk, President and Chief Executive
Officer, Realex Properties Corp., Telephone: (403) 264-5889, Facsimile: (403)
264-5892, Email: msardachuk@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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