Realex Properties Corp. - Dividend payment


    CALGARY, March 15 /CNW/ - As previously announced on February 16, 2007,
on March 15, 2007 Realex Properties Corp. ("Realex") will be paying the
dividend to its common and non-voting shareholders.
    On February 21, 2007, Bill C-28, which includes the requirement to
designate "eligible dividends" for income tax purposes, became law. The
dividends to be paid March 15, 2007, are designated as eligible dividends
pursuant to subsection 89(14) of the Income Tax Act. An eligible dividend paid
to a Canadian resident individual is entitled to the enhanced dividend tax

    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.

    %SEDAR: 00024324E

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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