The shareholders of Capital BLF Inc. approve a "rolling" stock option plan and the Corporation announces the granting of 1,220,000 options and the appointment of a Chief of Operations

    MONTREAL, June 8 /CNW Telbec/ - Capital BLF Inc. (TSX-V : BLF) (the
"Corporation") announces that its shareholders approved a "rolling" stock
option plan (the "Option Plan") at the annual and special meeting of the
Corporation held on June 5, 2009.
    The Option Plan, which is effective since June 5, 2009, authorizes the
issuance of a number of shares that is equal to 10% of the aggregate number of
shares of the Corporation issued and outstanding from time to time. The Option
Plan must receive shareholders' approval annually at the annual general
meeting of the Corporation. A copy of the Option Plan will be available on the
website of SEDAR at
    The Corporation granted options, on June 5, 2009, pursuant to the Option
Plan to its officers, directors, employees and consultants.
    The Corporation granted 1,220,000 options out of a total of 1,220,859
options reserved under the Option Plan. The exercise price of the options has
been set at $0.065 per share, being the closing price of the Corporation's
shares on June 4, 2009 upon closing of the markets.
    These 1,220,000 options have been granted and distributed as follows:

    Name                  Position                                   Number
    Claude Blanchet       President, Chief Executive Officer         550,000
                          and Director
    Pierre Laflamme       Director                                   130,000
    Pierre L. Martel      Chief Financial Officer, Secretary and     50,000
    François Bourbonnais  Director                                   50,000
    Dino Fuoco            Director                                   70,000
    Philippe Morin        Director                                   50,000
    Frank A. Dottori      Director                                   50,000
    Marc Marois           Chief of Operations                        200,000
    Employees and                                                    70,000

    These options can be exercised until June 5, 2014 inclusively and each
option allows its holder to subscribe to one share of the Corporation.
    In addition, the Corporation is pleased to announce the appointment of
Mr. Marc Marois, as Chief of Operations, said appointment having taking effect
on June 5, 2009. Mr. Marois obtained in 1985 a B.A.A. (Bachelor in Business
Administration) from the Université Laval and has business experience in the
area of real estate, particularly in the management of residential rental
properties, and in the area of management consulting.

    About Capital BLF Inc.

    Capital BLF Inc. is a corporation that solely invests in
revenue-generating residential properties and is initially concentrating its
efforts on properties located in the Province of Quebec. The Corporation owns
two residential properties located respectively at 3465 and 3475 Ridgewood
Avenue in Montreal. A complete description of the business of the Corporation
can be found in the Filing Statement of the Corporation dated March 20, 2008.
which is also available on the website of SEDAR at

    Neither 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 release.

For further information:

For further information: Mr. Pierre L. Martel, Chief Financial Officer
and Secretary, (514) 238-2199

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BLF Real Estate Investment Trust

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