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TG Residential To Acquire Residential Property In Manitoba As Qualifying Transaction

The Resulting Issuer

On closing of the Acquisition and the Financing, the Company will be classified as a real estate issuer and, assuming completion of the maximum Financing, will have 56,750,000 common shares, 47,750,000 Warrants, 500,000 agent's options (issued in connection with its IPO) and 3,600,000 Agent's Compensation Options (as such options are more fully described above) outstanding. A total of 900,000 incentive stock options will also be outstanding. After completion of the Qualifying Transaction, the Company plans to focus on acquiring and holding residential multifamily apartment buildings.

The Company expects that there will be no change to the insiders of the Company upon completion of the Acquisition and that the directors and officers of the Company will remain as follows:

Douglas Thiessen, President, CEO and Director

In 2004, Mr. Thiessen joined Prestigious Properties Group, a real estate holding company, initially as a consultant and then as General Manager. He is now the CEO of Taurean Global Properties, which acts as General Partner for three Limited Partnerships that hold apartment properties in Canada as well as various agricultural lands located in Argentina.

William Byers, Chief Financial Officer, Corporate Secretary and Director

Mr. Byers is a business executive and private real estate investor. He is currently the CFO of TitanStar Properties Inc., a real estate company listed on the Exchange and the CFO and a director of Victory Ventures Inc., a junior mining exploration company listed on the Exchange.

Richard Turner, Director

Since 1995, Mr. Turner has been president and chief executive officer of TitanStar Investment Group Inc., a private equity business. He served as chair and a director of the British Columbia Lottery Corporation from 2001 to 2005. Mr. Turner is currently the President, CEO and a director of TitanStar Properties Inc., a real estate company listed on the Exchange.

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