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TG Residential To Acquire Residential Property In Manitoba As Qualifying Transaction

Graham McLennan, Q.C., Director

Mr. McLennan is a senior partner with McLennan Ross LLP. He has extensive experience in civil and commercial litigation, class action proceedings, construction disputes and defamation matters. He has appeared in all levels of court in Alberta and the Northwest Territories as well as the Federal Court and the Supreme Court of Canada. In 2008 he was appointed Queen's Counsel.

General

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Trading in the Company's common shares on the Exchange will be halted pending completion of the Qualifying Transaction.

ON BEHALF OF TG RESIDENTIAL VALUE PROPERTIES INC.

"Douglas Thiessen"

Douglas Thiessen President, Chief Executive Officer and Director

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This press release includes "forward-looking information" within the meaning of applicable Canadian securities laws, including information regarding the Acquisition, the Financing and the Company's business upon completion of the Qualifying Transaction. Users of forward-looking information are cautioned that actual results may vary from the forward-looking information disclosed in this press release. The material risk factors that could cause actual results to differ materially from the forward-looking information contained in this press release include, risks related to Exchange approval of the Qualifying Transaction, the risk of not obtaining mortgage financing for the Acquisition, the risk that there are not sufficient subscriptions for the Financing, and all of the other risks and uncertainties normally associated with the acquisition of residential real estate and the completion of a Qualifying Transaction. The forward-looking information contained in this press release represents management's best judgment of future events based on information currently available. The material assumptions used to develop the forward-looking information include: that Exchange approval of the Qualifying Transaction will be obtained, that mortgage financing will be obtained, that the Financing will be completed and that the Acquisition will not be affected by an unforeseen events. The Company does not assume the obligation to update any forward-looking information, except as required by applicable law.

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