GT CANADA MEDICAL PROPERTIES REIT FILES AMENDED AND RESTATED PRELIMINARY
PROSPECTUS

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./

TSX-V: MOB

TORONTO, Oct. 29 /CNW/ - GT Canada Medical Properties Real Estate Investment Trust  (the "REIT") announced that it has filed an amended and restated preliminary prospectus in Canada in connection with its previously disclosed marketed public offering (the "Offering") of trust units of the REIT (the "Units") for minimum aggregate gross proceeds of $25,000,000. The Offering is being led by a syndicate of agents consisting of Raymond James Ltd., HSBC Securities (Canada) Inc., Dundee Securities Corporation, Desjardins Securities Inc. and M Partners Inc.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction outside of Canada, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Units offered have not been, and will not be, registered under the 1933 Act, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration.

Reader Advisory

This news release may contain "forward-looking statements" within the meaning of applicable securities laws relating to the proposal to complete the proposed transaction, including statements regarding the terms and conditions of the proposed transaction. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the REIT will not proceed with the Offering, that the ultimate terms of the Offering will differ from those that currently are contemplated, and that the Offering will not be successfully completed for any reason (including the failure to obtain TSXV acceptance).

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

%SEDAR: 00030592E

For further information:

Andrew Shapack, Chief Executive Officer
GT Canada Medical Properties REIT
[phone]