CAGIM : Grant of options to the directors


    QUEBEC, Jan. 31 /CNW Telbec/ - Cagim Real Estate Corporation ("Cagim")
announces that it has granted 375,000 stock options to its directors of which
125,000 are granted to Mr. Guy Boutin, 75,000 to Mr. Stéphane Beshro, 100,000
to Mr. Alain Larochelle, 50,000 to Mr. Martin Arsenault and 25,000 to
Mr. Claude Goulet.
    These options carry an exercise price of 0,85$ per share and come to
maturity on January 31st 2012.

    About Cagim Real Estate Corporation

    The Corporation has been listed on the TSX Venture Exchange since
September 21, 2004, and conducts real estate management and acquisition
activities. The Corporation operates through its subsidiaries ADG Immobilier
Inc., Centre d'Affaires Le Mesnil Inc., Place Donnacona Inc. and Place
d'Affaires Lebourgneuf Inc.

    The TSX Venture Exchange has not approved and is not responsible for the
    truth or accuracy of this press release.

For further information:

For further information: Mr. Guy Boutin, Leasing and Business
development Officer of the Corporation, (418) 622-6644

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