Realex Properties Corp. announces grant of stock options



    TRADING SYMBOL: RLX and RLX.A (TSXV)

    CALGARY, Sept. 24 /CNW/ - Realex Properties Corp. ("Realex") is pleased
to announce that a director and an officer of Realex have each been granted
options to purchase 300,000 non-voting shares of Realex at an exercise price
of $1.22 per share for a five year term commencing from their date of
appointment or hire. These options vest over three years. The said options
were granted effective August 14, 2008. There are an aggregate of 2,771,534
shares reserved for issuance under Realex's share option plan.

    
    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.
    

    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: 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) 264-5889, Facsimile: (403) 264-5892,
Email: msuchan@realex.org

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REALEX PROPERTIES CORP.

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