Capital BLF Inc. announces a private placement of a maximum of $2,999,999.70 in common shares

    MONTREAL, July 4 /CNW Telbec/ - Capital BLF Inc. (TSX-V : BLF) (the
"Corporation"), announces today that its board of directors has approved a
private placement by Société en commandite immobilière Solim II ("Solim"), a
subsidiary of Fonds de solidarité FTQ, of a maximum of $2,999,999.70 in common
shares. These 9,999,999 shares will be issued at a price of $0.30 per share.
In accordance with the policies of the TSX Venture Exchange, the placement had
to be approved in writing by a majority of the shareholders of the Corporation
since, after giving effect to the placement, Solim would hold 33.49% of the
issued and outstanding shares.
    The closing of the placement is expected to occur on or about July 9,
    The proceeds of the placement will be used for the working capital of the
Corporation and, eventually, for the acquisition of revenue-generating
residential properties.

    About Capital BLF Inc.

    Capital BLF Inc. is a corporation that solely invests in
revenue-generating residential properties and is initially concentrating its
efforts on properties located in the Province of Quebec. The Corporation owns
two residential properties located respectively at 3465 and 3475 Ridgewood
Avenue in Montreal. A complete description of the business of the Corporation
can be consulted in the Filing Statement of the Corporation dated March 20,
2008 which is available on the website of SEDAR at

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release.

For further information:

For further information: Mr. Pierre L. Martel, Chief Financial Officer
and Secretary, (514) 238-2199

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BLF Real Estate Investment Trust

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