Madison Pacific Properties Inc. Announces Appointment of President and CEO

Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C), a Vancouver-based real
estate company, is pleased to announce the appointment of Mr. Marvin Haasen as
its new President and Chief Executive Officer. Mr. Haasen is also joining the
Board of Directors.


Mr. Haasen has over 27 years of experience in the real estate industry. Upon
finishing his education, Mr. Haasen spent 12 years working in Toronto for
prominent real estate developers and investors. In 1994 he joined Lend Lease
Real Estate Investments where he spent 12 years in Canada and Asia, most
recently as Director of Acquisitions and Fund Manager for a $350 million real
estate fund. In 2006 Mr. Haasen relocated to Vancouver, where he set up his own
real estate advisory firm, assisting high net worth individuals invest in
commercial real estate. He holds an Honours Bachelor degree from the University
of Western Ontario (Urban Development Program) and a Masters in Business
Administration from the University of Toronto.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Madison Pacific Properties Inc.
Mr. Marvin Haasen
President
[phone]


Madison Pacific Properties Inc.
Mr. Bill Ramsey
Chief Financial Officer
[phone]
[phone] (FAX)