MP Western Properties Announces Proposed Arrangement

MP Western Properties Inc. (TSX VENTURE:MPW.H) ("MPW"), a Vancouver-based real
estate company, is pleased to announce that MPW and Madison Pacific Properties
Inc. ("Madison") have agreed that MPW will propose an arrangement (the
"Arrangement") among MPW, MPW's shareholders and Madison.


Under the Arrangement, Madison will acquire all of the shares of MPW not
currently owned by Madison in exchange for a cash payment of $0.06 per share.


The transaction will provide a liquidity transaction for MPW shareholders,
particularly to holders of MPW's Class A non-voting shares which are not
currently listed on any exchange.


The completion of the Arrangement is subject to the satisfaction of a number of
conditions including approval of the Arrangement by the shareholders of MPW, the
Supreme Court of British Columbia and other regulatory approvals. The
Arrangement requires the approval by at least 66 2/3% of the votes cast by
holders of MPW's Class A non-voting shares and Class B voting common shares each
voting separately as a class. Pursuant to the requirements of Multilateral
Instrument 61-101, the Arrangement must also be approved by the holders of MPW's
Class B voting common shares other than Madison. MPW shareholder approval will
be sought at the annual and special meeting currently scheduled for June 29,
2011.


The Arrangement is expected to close on or about July 7, 2011.

Forward-Looking Statements

Certain statements in this press release may not be historical and may
constitute forward-looking statements reflecting financial performance.
Investors are cautioned that all forward-looking statements involve risks and
uncertainties, including the risk that there is no assurance that the
transactions contemplated by the Arrangement will be completed as proposed or at
all. Forward-looking statements are based on management's estimates, beliefs and
opinions on the date the statements are made. Except as required by law, MPW
assumes no obligation to update forward-looking statements if circumstances
should change. Additional information on these and other potential factors that
could affect MPW's financial results are detailed in documents filed from time
to time with the applicable Canadian securities regulatory authorities.
Investors are cautioned that, except as disclosed in the management information
circular to be prepared and sent to MPW shareholders in connection with the
Arrangement, any information regarding the Arrangement may not be accurate or
complete and should not be relied on.