Capital BLF Inc. announces the departure of an Officer

    MONTREAL, July 30 /CNW Telbec/ - Capital BLF Inc. (TSX-V : BLF) (the
"Corporation"), announces that Mr. François Bourbonnais has accepted a
position as Head of Real Estate Asset Management at Groupe Financière Centuria
Luxemburg, in Luxemburg. Mr. Bourbonnais has resigned from his position as
Chief Operating Officer of the Corporation but will remain on the Board of
Directors so that the Corporation can continue to benefit from his experience
and in-depth knowledge of the real-estate market.

    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
is found 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

Organization Profile

BLF Real Estate Investment Trust

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