Realex Properties Corp. announces partial exercise of over-allotment option

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

TRADING SYMBOL: RLX and RLX.A (TSXV)

CALGARY, April 26 /CNW/ - Realex Properties Corp. ("Realex" or the "Corporation") announces the closing of the over-allotment portion of its previously announced public offering (the "Offering") of common shares ("Common Shares") in the capital of the Corporation. Pursuant to the exercise of the over-allotment option by the Underwriters, an additional 400,000 Common Shares have been issued to the Underwriters at a price of $0.64 per Common Share for gross proceeds of $256,000.

The Offering was underwritten by a syndicate of underwriters co-led by Desjardins Securities Inc. and Genuity Capital Markets and including TD Securities Inc. (collectively, the "Underwriters"). 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.

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.

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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