Fronsac Concludes an Important Private Placement of $ 3,750,000

Fronsac Real Estate Investment Trust ("Fronsac" or the "Trust") (TSX
VENTURE:GAZ.UN) is pleased to announce the conclusion today of a private
placement of 11,718,750 units (the "Units") at a subscription price of $0,32 per
Unit (the "Offering") for gross proceeds of $ 3,750,000. The Units were
subscribed by investors pursuant to exemptions under Regulation 45-106
respecting prospectus and registration exemptions.  


The proceeds of the Offering will be used for working capital purposes and for
property acquisitions. No brokerage fees were paid by the Trust in connection
with the Offering.  


The Units are subject to a four-month plus one-day hold period from the closing
date of the Offering, expiring on April 20, 2013, pursuant to applicable
securities legislation and the policies of the TSX Venture Exchange. The Units
offered in the Offering have not been nor will they be registered under the
United States Securities Act of 1933, as amended, or state securities laws, and
may not be offered or sold in the United States or to an account for the benefit
of US persons, absent such registration or an exemption from registration.


Two insiders participated in the Offering by subscribing 468,750 Units in
consideration of a total purchase price of $ 150,000.


About Fronsac

Fronsac Real Estate Investment Trust is an open-ended trust that acquires and
owns high quality commercial real estate properties, rented to strong tenants
under long term, management free and net leases.


Forward-Looking Statements

This press release contains forward-looking statements and information as
defined by applicable securities laws, including statements relating to Fronsac
and expectations of the management regarding a proposed transaction and the
expected benefits thereof. There is no assurance that the proposed transaction
will be carried out and that the anticipated benefits will materialize. The
proposed transaction is subject to approval and consent of stakeholders and
there is no certainty that these will be achieved. Fronsac warns the reader that
actual events may differ materially from current expectations due to known and
unknown risks, uncertainties and other factors that could cause actual results
to differ materially from the results anticipated in such statements. Among
these include the risks related to economic conditions, the risks associated
with the local real estate market, the dependence to the financial condition of
tenants, the uncertainties related to real estate activities, the changes in
interest rates, the availability of financing in the form of debt or equity, the
effects related to the adoption of new standards, as well as other risks and
factors described from time to time in the documents filed by Fronsac with
securities regulators, including the management report. Fronsac does not update
or modify its forward-looking statements even if future events occur or for any
other reason, unless required by law or any regulatory authority.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Michel Lassonde
President and CEO
Fronsac Real Estate Investment Trust
[phone]