Imperial Equities Inc. grants incentive stock options

    EDMONTON, June 4 /CNW/ - Mr. Sine Chadi, Chairman of the Board of
Imperial Equities Inc. (TSX-V:IEI) announced today that Imperial Equities Inc.
will grant Stock Options to a member of its Board pursuant to its Stock Option
Plan dated August 11, 2005.
    On May 21, 2008, the Board of Imperial Equities approved the issuance of
Incentive Stock Options to Dr. Dennis Modry a new member of the Board of
Directors of Imperial Equities. The Board agreed to grant Dr. Modry the option
to purchase up to 100,000 common shares of Imperial Equities at an exercise
price of $1.75. The shares are exercisable at any time but not later than
August 11, 2010.

    About Imperial Equities Inc.:

    Imperial Equities Inc. is based in Edmonton, Alberta. A diversified
company anchored by commercial and industrial real estate properties in its
targeted Edmonton and Alberta markets. Imperial also distributes
pharmaceutical products to the institutional and retail customers through its
wholly owned subsidiary, Imperial Distributors Canada Inc. Additional
information is available at:
    Imperial's common shares are listed on the TSX Venture Exchange under the
symbol IEI.

    The Toronto Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00010417E

For further information:

For further information: Sine Chadi, CEO, Imperial Equities Inc., Phone:
(780) 424-7227, Email:

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