Realex Properties Corp. announces appointment of Lead Independent Director and granting of options


    CALGARY, Aug. 17 /CNW/ - The Board of Directors of Realex Properties
Corp. ("Realex") is pleased to announce that Mr. David Richards has been
appointed Lead Independent Director of Realex. Mr. Richards has served as a
director of Realex since July 2005.
    In conjunction with the appointment, Mr. Richards was granted options to
purchase an additional 150,000 non-voting shares of Realex at $0.50 per share.
These options vest over three years and will expire on August 12, 2014.

    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this news release. Neither the TSX Venture Exchange nor its
    Regulation Services Provider (as that term is defined in the policies of
    the TSX Venture Exchange) accepts 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: Tom Heslip, President and Chief Executive
Officer, Realex Properties Corp., Telephone: (403) 264-5889, Facsimile: (403)
264-5892, Email:; Mark Suchan, Chief Financial Officer,
Realex Properties Corp., Telephone: (403) 206-3143, Facsimile: (403) 264-5892,

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