Innovative Properties Inc announces departure of Albert McDonald from Board of Directors

    DARTMOUTH, N.S., March 13 /CNW/ - Innovative Properties Inc. (TSX-V: INR)
("Innovative") announces that Albert McDonald has resigned from its Board of
Directors effective March 1, 2007. In addition to being a Director of the
company, Mr. McDonald served the organization as Chief Financial Officer (CFO)
for 5 years until he resigned from that position on November 1, 2006 on
conclusion of the last fiscal year. Over the past months Mr. McDonald readily
supported the transition of the new CFO William Crandell, (who is also a
founding Director of the company) and assisted with the company's annual
external audit process.
    Company Board Chairman and spokesperson Stephen Doiron said "We are
grateful for the commitment and contribution Mr. McDonald has made to the
company over the past 5 1/2 years. We wish him great success as he leaves to
develop his other business interests".

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

For further information:

For further information: J. Stephen Doiron, (902) 463-2639

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