Genterra Inc. announces Renewal of Leases

    (TSX Venture - "GIC.A" - Class A)

    TORONTO, April 20 /CNW/ - Genterra Inc. ("Genterra") announced today that
it has successfully concluded negotiations with The Cambridge Towel
Corporation ("Cambridge") for the renewal of the leases on its properties
located at 450 Dobbie Drive, Cambridge, Ontario (the "Dobbie Property") and
200 Glendale Avenue North, Hamilton, Ontario (the "Glendale Property"). The
term for both leases, as renewed, now expires on January 31, 2011, with annual
net, net rent of $500,175 in respect of the Dobbie Property and $140,000 in
respect of the Glendale Property, effective March 1, 2007.

    Genterra Inc. is a management and holding company whose assets include
rental real estate properties, equity investments and loans and mortgages
receivable. The leases on the Dobbie Property and the Glendale Property may be
considered to be related party transactions and accordingly were reviewed and
approved by a Committee of Independent Directors. Further information in
respect of these leases may be found under the heading "Related Party
Transactions" and "Risk and Uncertainties" in our management's discussion and
analysis for the three months ended December 31, 2006.

    "Safe Harbor" statement under the Private Securities Reform Act of 1995:
This release may contain forward-looking statements which reflect management's
current views of future events and operation. These forward-looking statements
are based on assumption and external factors, including assumptions relating
to product pricing, competitive market conditions, financial data and other
risks or uncertainties detailed from time to time in the Company's filings
with the Securities and Exchange Commission. These forward-looking statements
represent the Company's judgement as of the date of this release and any
changes in the assumptions or external factors could produce significantly
different results.

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

For further information:

For further information: Stan Abramowitz, Secretary, (416) 920-0500

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