MP Western Properties Inc. Announces Twelve Months Results

MP Western Properties Inc. (TSX VENTURE:MPW.H), a Vancouver-based real estate
company, announces the results of operations for the year ended December 31,
2009.


The Company is reporting net income from continuing operations of $4,860,000 for
the year ended December 31, 2009 compared to $1,849,000 for the same period in
2008. Cash flow from continuing operations before changes in non-cash balances
for the year ended December 31, 2009 is $5,532,000 compared to $3,610,000 for
the same period in 2008.


In 2009 the Company sold properties for total consideration of $37,070,000. The
Company had a gain on disposition of a real estate property of $2,211,000 and
gain a from disposition of real estate property from discontinued operations of
$8,444,000. The Company has reflected the gain from the properties sold in which
the Company has no continuing interest as income from discontinued operations.
The net income from discontinued operations was $7,494,000.


The net income for the year ended December 31, 2009 was $12,354,000 compared to
$2,175,000 for the same period in 2008.