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Fronsac Real Estate Investment Trust Releases Interim Financial Statements and Declares a Distribution to Unitholders

MONTREAL, QUEBEC -- (Marketwire) -- 11/15/12 -- Fronsac real estate investment trust ("Fronsac REIT") (TSX VENTURE:GAZ.UN) today released its unaudited consolidated financial statements for its third quarter ended September 30, 2012.

The net income of the quarter ended September 30, 2012 was $47,848 or $0.002 per unit (2011: net loss of ($80,710) or ($0.006) per unit).


Income                                        September 30,   September 30, 
                                                       2012            2011 
Revenue                                            $183,269        $121,814 
Net lncome (loss)                                   $47,848        ($80,710)
Per unit - basic and diluted                         $0.002         ($0.006)
Weighted average units outstanding - basic                                  
 and diluted                                     20,514,000      13,790,000 


Cash Flows                                    September 30,   September 30, 
                                                       2012            2011 
Cash from operating activities                      $88,735         $60,312 
Cash from investing activities                     ($35,207)      ($333,377)
Cash from financing activities                      $30,505        ($47,794)
Increase (decrease) in cash                         $84,033       ($320,859)
Cash - beginning of period                         ($19,997)       $776,073 
Cash - end of period                                $64,036        $455,214 


Financial Position                             September 30,    December 31,
                                                        2012            2011
Cash                                                 $64,036      $1,985,720
Investment Properties                             $9,119,054      $7,111,919
Total Assets                                      $9,633,082      $9,335,868
Total Liabilities                                 $4,770,364      $4,527,216
Total Equity                                      $4,862,718      $4,808,652
Book value per unit                                    $0.24           $0.23

The Trust's September 30, 2012 financial statements of Fronsac REIT may be viewed on SEDAR at www.sedar.com

On November 14, 2012, the Board of Fronsac REIT has declared a distribution of $0.00625 to unitholders of record on November 30, 2012 that will be paid on December 31, 2012.

Neither the TSX Venture Exchange Inc., nor its Regulatory Services Provider (as that term is defined in the Policy of the TSX Venture Exchange) accept any responsibility for the adequacy or accuracy of this release.

Michel Lassonde
(450) 536-5328

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