Innovative Properties Inc. Announces Change to Board of Directors

Innovative Properties Inc. (the "Corporation") (TSX VENTURE:INR) is pleased to
announce the election of its Board of Directors following the recent annual
general meeting held on May 9, 2011. The shareholders re-elected Robert Bell,
Ronald Smith, Dr. George Findlay and William Crandell and also elected Gordon
Neal to the Board. Mr. Neal, President and Chief Executive Officer of the
Corporation, replaces former board member, Stewart McInnes, who did not stand
for re-election.


Gordon Neal has been the President and Chief Executive Officer of the
Corporation since September, 2008. Before joining the Corporation, he developed
several of his own companies in Canada and the United States, and continues to
have ownership interests in several companies he founded. 


ABOUT INNOVATIVE PROPERTIES INC.

Innovative Properties Inc. is a publicly- traded Canadian corporation involved
in property management related services and technologies. 


FORWARD LOOKING STATEMENTS

Certain information regarding the Corporation contained herein may constitute
forward-looking statements within the meaning of applicable securities laws.
Forward-looking statements may include estimates, plans, expectations, opinions,
forecasts, projections, guidance or other statements that are not statements of
fact. Although the Corporation believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. The Corporation cautions that
actual performance will be affected by a number of factors, many of which are
beyond the Corporation's control, and that future events and results may vary
substantially from what the Corporation currently foresees. Discussion of the
various factors that may affect future results is contained in the Corporation's
audited annual financial statements and management discussion and analysis for
the year ended October 31, 2010 which were filed to SEDAR on February 28, 2011
and are available at www.sedar.com. The Corporation's forward-looking statements
are expressly qualified in their entirety by this cautionary statement.