Overland announces grant of stock-based compensation

HALIFAX, Sept. 25 /CNW/ - (TSXV - OVL) Overland Realty Limited (the "Company") announced today that the Board of Directors has confirmed the granting of 375,221 Deferred Share Units (DSU's) to senior management, in accordance with employment contracts and the Company's year end review. In addition, the Company has granted 90,481 stock options, with an exercise price of $0.49 and a two (2) year term to expiry to a member of senior management as part of the year-end stock-based compensation.

About Overland

Overland Realty Limited is a TSX-V listed, growth-orientated real estate corporation based in Halifax, Nova Scotia. The company is focused on increasing shareholder value through the acquisition, development, and management of commercial properties in targeted Canadian markets, starting within Atlantic Canada. Further information on Overland can be found at www.overlandrealty.ca.

The Corporation has issued and outstanding 26,084,940 common shares.

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


For further information: For further information: Scott McCrea, President & CEO, (902) 474-3000, info@overlandrealty.ca, S.E.C. NO. 82-4158; www.overlandrealty.ca

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