Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C) Announces Resignation and Appointment of Director

The Board of Directors of Madison Pacific Properties Inc. (the "Company")
(TSX:MPC)(TSX:MPC.C) announces the resignation of James O'Rourke as a director
of the Company. The Board of Directors wishes to thank Mr. O'Rourke for his
years of service to the Company and wish him continued success in all his
endeavours.


The Board of Directors announces that Mark Elliott has been appointed to the
Board of Directors of the Company. Mr. Elliott is a Chartered Accountant and was
a senior partner of PricewaterhouseCoopers LLP (PwC) until he retired in June
2012. During Mr. Elliott's 34 years with PwC, he held a number of leadership
roles within the firm. The Board of Directors is excited to have Mr. Elliott
join them and looks forward to working with him.


About Madison Pacific Properties Inc.

Madison Pacific Properties Inc. is a Vancouver-based real estate company with
$370 million in investment properties throughout Canada comprising 2.2 million
rentable sq. ft. of industrial, commercial and office space. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Madison Pacific Properties Inc.
Mr. Marvin Haasen
President & CEO
[phone]
[phone] (FAX)


Madison Pacific Properties Inc.
Mr. Dino Di Marco
Investor Information
[phone]