Fronsac Real Estate Investment Trust Releases Annual Financial Statements

Fronsac real estate investment trust ("Fronsac REIT") (TSX VENTURE:GAZ.UN) today
released its audited consolidated financial statements for the year ended
December 31, 2012.


The net income of the year was $1,071,495 or $0.051 per unit (2011: loss of
($102,391) or ($0.007)). The 2012 net income includes a gain of $999,361 related
to the increase in value of investment properties.


SUMMARY OF INCOME STATEMENT INFORMATION



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Income                              December 31, 2012     December 31, 2011 
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Rental income                                $665,870              $512,242 
Increase in value of investment                                             
 properties                                  $999,361                    $0 
Net lncome (loss)                          $1,071,495             ($102,391)
Per unit - basic                               $0.051               ($0.007)
Weighted average units                                                      
 outstanding - basic                       20,985,587            13,974,219 
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SUMMARY OF CASH FLOWS INFORMATION



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Cash Flows                         December 31, 2012      December 31, 2011 
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Cash from operating activities              $299,893                $51,407 
Cash from investing activities           ($2,634,554)             ($361,215)
Cash from financing activities            $2,717,456             $1,408,560 
Increase (decrease) in cash                 $382,795             $1,098,752 
Cash - beginning of year                  $1,985,720               $886,968 
Cash - end of year                        $2,368,515             $1,985,720 
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SUMMARY OF BALANCE SHEET INFORMATION



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Financial Position                   December 31, 2012     December 31, 2011
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Cash                                        $2,368,515            $1,985,720
Investment Properties                      $11,521,954            $7,111,919
Total Assets                               $14,333,024            $9,335,868
Total Liabilities                           $4,832,944            $4,527,216
Total Equity                                $9,500,080            $4,808,652
Book value per unit                              $0.45                 $0.23
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The Trust's December 31, 2012 financial statements may be viewed on SEDAR at
www.sedar.com


FOR FURTHER INFORMATION PLEASE CONTACT: 
Michel Lassonde
President
[phone]