Realex Properties Corp. - Death of Director


    CALGARY, Jan. 9 /CNW/ - Realex Properties Corp. regrets to announce the
sudden passing of Thomas A. Jones, member of the Corporation's Board and Chair
of the Audit Committee. Mr. Jones served on the Realex Board with distinction
and the Board and management extend their sincere condolences to the members
of his family.

    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this news release. The TSX Venture Exchange does not accept
    responsibility for the adequacy or accuracy of this news release.

    This news release contains forward looking statements subject to various
    significant risks and uncertainties which may cause actual results,
    performances and achievements of Realex to be materially different from
    any future results, performances or achievements, expressed or implied by
    such forward looking statements. Realex cannot assure investors that
    actual results will be consistent with these forward looking statements
    and Realex assumes no obligation to update or revise them to reflect new
    events or circumstances.

For further information:

For further information: Marc Sardachuk, President and Chief Executive
Officer, Realex Properties Corp., Telephone: (403) 264-5889, Facsimile: (403)
264-5892; Mark Suchan, Chief Financial Officer, Realex Properties Corp.,
Telephone: (403) 264-5889, Facsimile: (403) 264-5892

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