Capital BLF inc. announces the acquisition of three adjacent
multi-residential properties for $3,685,000

MONTREAL, June 17 /CNW Telbec/ - Capital BLF inc. (TSX-V: BLF) (the "Corporation") announces today the acquisition of three adjacent multi-residential properties located in Dorval, for a purchase price of $3,685,000, excluding closing costs.

Multi-Residential Properties - 160 - 170 and 180 Dorval Avenue, Dorval, Québec

The residential complex is comprised of three buildings built in 1955 for a total of 60 units. Located near the intersection of highways 20 and 520, these buildings are within walking distance of the Jardin de Dorval, a shopping center with a number of amenities such as: supermarket, medical centre, dental centre as well as many stores and restaurants. The Dorval train station, connected to the Montreal suburban train system, is also within walking distance, facilitating the commute to downtown Montréal.

"We are delighted with this acquisition at a time when the markets are more and more competitive. This is our third acquisition in three years" said Mr. Claude Blanchet, Chief Executive Officer of the Corporation.

The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: Mr. Pierre L. Martel, Chief Financial Officer and Secretary, 514-238-2199