Killam Properties first quarter 2007 results and conference call

    HALIFAX, April 16 /CNW/ - Killam Properties Inc. (KMP-TSX) will be
releasing its financial results for the quarter ended March 31, 2007 on
Tuesday, May 8, 2007 after the market closes. A conference call to discuss
these results will be held on Wednesday, May 9, 2007 at 2:00 PM Atlantic time
(1:00 PM Eastern).

    The dial-in numbers for the conference call are:

    In Toronto: 416-644-3422

    Outside Toronto (toll free, within North America): 800-594-3790

    To register for the conference please RSVP to Investor Relations at
902-442-0388 or by email to
    A replay will be available from 3:00 PM (EST) on May 9, 2007 until
midnight May 16, 2007, by dialing 416-640-1917 (Toronto) or 877-289-8525
(toll-free) and using the passcode 21227421#.

    Killam Properties Inc. is a leading real estate company based in Halifax,
Nova Scotia. Killam is the largest owner and manager of multi-family
residential rental properties and manufactured home communities in Atlantic

    Note: The Toronto Stock Exchange has neither approved or disapproved of 
the information contained herein. Certain statements in this report may
constitute forward-looking statements. Such forward-looking statements involve
risks, uncertainties and other factors which may cause actual results,
performance or achievements of Killam to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Killam does not undertake to update any of such
forward-looking statements.

For further information:

For further information: Dale Noseworthy, CA, CFA, Director, Investor
and External Relations, Killam Properties Inc., (902) 442-0388,;

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