Realex Properties Corp. announces closing of private placement to President
and CEO

TRADING SYMBOL: RLX and RLX.A (TSXV)

CALGARY , Dec. 18 /CNW/ - Realex Properties Corp. ("Realex") is pleased to announce that it has completed the previously announced private placement of common shares and non-voting shares to Mr. Tom Heslip as President and Chief Executive Officer of Realex. Mr. Heslip has purchased $200,000 of common shares of Realex (395,648 common shares at $0.5055 per common share, which is the weighted average five day trading price per common share at close of markets on December 14, 2009 ) and $200,000 of non-voting shares of Realex (386,175 non-voting shares at $0.5179 per non-voting share, which is the weighted average five day trading price per non-voting share at close of markets on December 14 , 2009). The common shares and the non-voting shares are subject to a four-month hold expiring on April 19, 2010 . Realex now has an aggregate of 45,396,250 common shares and 114,336,161 non-voting shares outstanding.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward looking statements subject to various significant risks and uncertainties which may cause actual results, performances and achievements of Realex to be materially different from any future results, performances or achievements, expressed or implied by such forward looking statements. Realex cannot assure investors that actual results will be consistent with these forward looking statements and Realex assumes no obligation to update or revise them to reflect new events or circumstances.

For further information: Mark Suchan, Chief Financial Officer, Realex Properties Corp., Telephone: [phone], Facsimile: [phone], Email: [email protected]