Fronsac Reit Announces the Acquisition of a 50% Interest in a Real Estate Project Located in Louiseville, Quebec

Fronsac REIT (TSX VENTURE:GAZ.UN) ("Fronsac") announces the acquisition of a 50%
interest in a real estate project located in Louiseville, Quebec .


The project is located at Exit 174 of Highway 40. This site is an ideal location
at the intersection of the highway exit and Boulevard St- Laurent which leads to
downtown Louiseville. The land has an area of approximately 120,000 square feet.


Total investments represent nearly 3 million dollars and construction work
should be completed in the coming weeks. A major gas station banner and a major
fast food chain will offer their food and services to consumers.


There remains an area of approximately 160,000 square of land to be developped
on the site for which Fronsac has an option to acquire 50% of the subsequent
development phases.


 "We are pleased to announce this acquisition in a real estate project of high
quality along Highway 40 in Louiseville . This acquisition meets the criteria of
profitability and investment established by Fronsac's management, said Michel
Lassonde, President and CEO of Fronsac. "


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.


The TSX Venture Exchange and its regulatory service provider (as that term is
defined in the policies of the TSX Venture Exchange) decline all responsibility
for the adequacy or accuracy of this release.


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