Realex Properties Corp. announces pricing of common share offering and
increase to annual dividend

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

TRADING SYMBOL: RLX and RLX.A (TSXV)

CALGARY, April 1 /CNW/ - Realex Properties Corp. ("Realex") announces that it has agreed to the terms of its previously announced equity offering of Common Shares (the "Offering"). Pursuant to the Offering, Realex will issue 26,995,000 Common Shares at a price of $0.64 per share, for total gross proceeds of $17,276,800. In addition, Realex has granted to the underwriters an over-allotment option to purchase up to an additional 2,699,500 Common Shares at a price of $0.64 per share for additional gross proceeds of $1,727,680, exercisable from time to time, in whole or in part, for up to 30 days after the closing of the Offering. The Offering is being conducted through a syndicate of underwriters co-led by Desjardins Securities Inc. and Genuity Capital Markets and including TD Securities Inc.

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.

In conjunction with its approval of this offering, the Board of Directors of Realex has approved an increase in the Corporation's annual dividend from $0.03 per Common Share and Non-Voting Share per annum to $0.04 per Common Share and Non-Voting Share per annum. As is the case with all dividend payments, the payment of dividends and the timing and amount of such dividends will be subject to the discretion of the Board of Directors and will depend on, among other things, the Corporation's financial condition, general business conditions, restrictions regarding the payment of dividends by Realex and other factors that the Board of Directors may in the future consider to be relevant.

The Offering is scheduled to close on April 9, 2010. The Common Shares have been 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.

The Offering 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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