Genterra Inc. announces shareholder approval of acquisition of realty property and share capital reorganization

    TORONTO, March 6 /CNW/ - Genterra Inc. ("Genterra" or the "Company")
(TSX-V: "GIC.A") announced today that its shareholders have approved the
agreement to acquire Ninety Ontario Street Inc., the owner of a five-storey,
sixty unit building at 90 Ontario Street in downtown Toronto, and the proposal
to reorganize its share capital by reclassifying the Class A Subordinate
Voting Shares, Class B Multiple Voting Shares and the six classes of
non-voting preferred shares into one class of voting shares and two classes of
non-voting convertible preference shares. These transactions were previously
announced by the Company on January 8, 2008. The Company anticipates
completing these transactions before the end of April 2008.

    Genterra Inc. is a management and holding company whose assets include
rental real estate properties and investments.

    "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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