General Properties Ltd. announces resignation of director

    CALGARY, March 18 /CNW/ - General Properties Ltd. (TSX Venture
Exchange: GPL) (the "Corporation") announces receipt of the resignation of
Robert Peterson as a director of the Corporation. Mr. Peterson resigned citing
restrictions on his time and availability. The Corporation has accepted Mr.
Peterson's resignation and would like to express its appreciation to him for
his hard work and dedication to the Corporation.
    The Corporation is a mining exploration and development company with
holdings in Northern Alberta, Canada. Information about the Corporation can be
found at

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release and has neither approved nor
    disapproved the contents of this press release.

For further information:

For further information: Robert B. Knight, Chief Operating Officer and
Chief Financial Officer, Telephone: (403) 531-2088, Facsimile: (403) 531-2099,
Cell phone: (403) 804-5200, Email:

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