GARNEAU INC. ANNOUNCES APPROVAL OF LEASE AND POSSIBLE SALE OF SUBSTANTIALLY ALL OF ITS PROPERTY

NISKU, AB, Nov. 10 /CNW/ -- 
NEX - GAR.H


NISKU, AB, Nov. 10 /CNW/ - Garneau Inc. ("Garneau" or the "Corporation") announces that on October 27, 2010, the shareholders of the Corporation
 approved the special resolution in respect of the proposed lease and
 possible sale of substantially all of the property of the Corporation
 to an arm's length third party.  The lease in favour of the arm's
 length third party, which contains an option to purchase Garneau's
 Nisku, Alberta property, is now in effect.


Forward-Looking Information
Certain information in this press release contains forward-looking
 statements. These statements relate to future events or actions. All
 statements other than statements of historical fact may be
 forward-looking statements. Forward-looking statements are often, but
 not always, identified by the use of words such as "possible",
 "intends", "would", "anticipated", believes", "anticipates", "will",
 "expected" and similar expressions. These statements involve
 substantial known and unknown risks and uncertainties, certain of which
 are beyond Garneau's control. Actual events or actions could differ
 materially from those expressed in, or implied by, such forward-looking
 statements and, accordingly, no assurances can be given that any of the
 events anticipated by the forward-looking statements will transpire or
 occur or, if any of them do, what benefits that Garneau will derive
 from them. Except as required by law, Garneau undertakes no obligation
 to publicly update or revise any forward-looking statements.


Neither TSX Venture Exchange nor its Regulation Services Provider (as
 that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.

%SEDAR: 00008952E



table border="0"tr valign="top"td align="left" colspan="9"Glen Garneaubr/ Acting President and CEO/td/tr tr valign="top"td nowrap="nowrap" align="left" colspan="9"Darlene Kirkpatrickbr/ Project and Communications Manager/td/tr tr valign="top"td align="left" colspan="9"bPhone: [phone]/b/td/tr tr valign="top"td align="left" colspan="9"bFax:      (780)/bb955-7715/b/td/tr/table

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