Coopers Park Corporation: News Release

Coopers Park Corporation (TSX VENTURE:XCP) ("Coopers Park" or the "Company")
announced today that it has received a letter from Canada Revenue Agency ("CRA")
proposing to reassess the taxable income of the Company for its 2008 and 2009
taxation years.


As announced by the Company on November 18, 2012, the CRA has reassessed the
taxable income of the Company for its 2007 taxation year. The reassessments
relate to the reorganization (the "Reorganization") of the Company's wholly
owned subsidiary, Coopers Park Real Estate Development Corporation. The
Reorganization was completed in January, 2005.


The result of the reassessments would result in a total of approximately
$29,074,000 of income taxes and interest payable as at September 30, 2012 for
the three taxation years of the Company ended in 2007, 2008 and 2009 or $0.36
per share, and would reduce net assets at September 30, 2012 from $1.61 to $1.25
per share. If those taxes are payable, interest would continue to accrue from
September 30, 2012.


Coopers Park has engaged legal counsel. The Company remains confident in the
appropriateness of its tax filing position and the expected tax consequences of
the Reorganization. Coopers Park intends to appeal the reassessments. However,
there can be no assurance that the appeal will be successful.


Coopers Park invests in multi-family residential condominium developments and in
the information technology sector.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Coopers Park Corporation
Dennis Au-Yeung
Chief Financial Officer
[phone]