Fronsac Real Estate Investment Trust Releases Interim Financial Statements

Fronsac real estate investment trust ("Fronsac REIT") (TSX VENTURE:GAZ.UN) today
released its unaudited consolidated financial statements for the second quarter
ended June 30, 2012.


The net loss of the second quarter was $(8,833) or $(0.000) per unit (2011: net
income of $9,579 or $0.001 per share). The net loss of this quarter is largely
attributable to expenses calculated on the variation of the quoted price of the
units. These expenses, in the amount of $65,500, are non-cash expenses. For the
quarter of June 30, 2011, the operations were conducted under the name of
Fronsac Capital Inc..


SUMMARY OF INCOME STATEMENT INFORMATION



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                                                     June 30,       June 30,
Income                                                   2012           2011
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Revenue                                          $    162,259  $     131,859
Net lncome (loss)                                $     (8,833) $       9,579
Per unit - basic and diluted                     $     (0.000) $       0.001
Weighted average units outstanding - basic and                              
 diluted                                           20,514,000     13,790,000
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SUMMARY OF CASH FLOWS INFORMATION



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                                                     June 30,      June 30, 
Cash Flows                                               2012          2011 
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Cash from operating activities                   $     61,596  $    (26,448)
Cash from investing activities                   $ (2,229,485) $     17,000 
Cash from financing activities                   $  1,843,251  $    (47,794)
Increase (decrease) in cash                      $   (324,638) $    (57,242)
Cash - beginning of period                       $    304,641  $    833,315 
Cash - end of period                             $    (19,997) $    776,073 
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SUMMARY OF FINANCIAL POSITION INFORMATION



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                                                     June 30,   December 31,
Financial Position                                       2012           2011
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Cash                                             $    (19,997) $   1,985,720
Investment Properties                            $  9,091,304  $   7,111,919
Total Assets                                     $  9,529,555  $   9,335,868
Total Liabilities                                $  4,586,472  $   4,527,216
Total Equity                                     $  4,943,083  $   4,808,652
Book value per unit                              $       0.24  $        0.23
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The Trust's June 30, 2012 financial statements may be viewed on SEDAR at
www.sedar.com