Temple REIT announces appointment of Chief Financial Officer

WINNIPEG, June 21 /CNW/ - Temple Real Estate Investment Trust ("TREIT") (TSX-V: TR.UN) announced today the appointment of Mr. Larry Beeston as Chief Financial Officer.

Mr. Beeston, CA, age 55, is the Senior Manager - Financial Reporting for Shelter Canadian Properties Limited. Mr. Beeston has been employed by Shelter Canadian Properties Limited for most of his career. He has also held other senior positions, including Chief Financial Officer of a TSX listed real estate investment trust for five years and Vice President - Finance and Chief Financial Officer of a real estate and management company for seven years. Mr. Beeston obtained his Chartered Accountant designation in 1980 and holds a Bachelor of Commerce degree from the University of Manitoba.

Mr. Beeston replaces Mr. John Liddle, CGA, age 64, who has served as the Chief Financial Officer since March 20, 2007.

TREIT is a real estate investment trust, which is listed on the TSX Venture Exchange under the symbols TR.UN (trust units), TR.DB.A, TR.DB.B and TR.DB.S (convertible debentures). The objective of TREIT is to provide Unitholders with stable cash distributions from investment in a geographically diversified Western Canadian portfolio of hotel properties and related assets. There are currently 12,825,352 trust units outstanding. For further information on TREIT, please visit our website at www.treit.ca.

The TSX Venture Exchange has not reviewed or approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.

SOURCE Temple Hotels Inc.

For further information: For further information: Arni Thorsteinson, Chief Executive Officer, or Gino Romagnoli, Investor Relations, Tel: (204) 475-9090, Fax: (204) 452-5505, Email: info@treit.ca

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