Realex Properties Corp. announces marketed common share offering

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TRADING SYMBOL: RLX and RLX.A (TSXV)

CALGARY, March 22 /CNW/ - Realex Properties Corp. ("Realex") announces that it has filed a preliminary short form prospectus (the "Prospectus") in each of the Provinces of British Columbia, Alberta and Ontario in connection with a marketed public offering (the "Offering") of common shares (the "Common Shares"). Realex intends to conduct the Offering through a syndicate of underwriters co-led by Desjardins Securities Inc. and Genuity Capital Markets and including TD Securities Inc. Aggregate gross proceeds from the Offering are anticipated to be approximately $22,000,000.

The Offering will be priced in the context of the market with the final terms of the Offering to be determined at the time of pricing. The Common Shares will be offered in each of the Provinces of British Columbia, Alberta and Ontario and on a private placement basis in the United States pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "1933 Act") and internationally as permitted by applicable laws.

Realex intends to use the net proceeds of the Offering to repay outstanding indebtedness and thereafter to fund future acquisitions of real estate properties in Canada and for general corporate purposes.

The Offering is scheduled to close on or about April 6, 2010 and is subject to certain customary conditions and regulatory approvals, including, but not limited to, the approval of the TSX Venture Exchange.

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 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.

These Common Shares have not been registered under the United States Securities Act of 1933, as amended, (the "US Securities Act") or any state securities law, and they may not be sold in the United States or to or for the account or benefit of "US persons" as defined in Regulation S under the US Securities Act unless an exemption from registration is available. This press release does not constitute an offer to sell or a solicitation of an offer to buy Common Shares in the United States or to US persons.

SOURCE REALEX PROPERTIES CORP.

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

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REALEX PROPERTIES CORP.

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