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appointment notice

To: Director, Board of Directors, Balboa Investments Inc.

Balboa Investments Inc. is pleased to announce Mr. Neil J. Labatte's appointment to Balboa's Board of Directors.

Mr. Labatte possesses over 30 years of experience within the real estate industry and previously served as CEO of Legacy Hotels REIT.  He is the founder of Global Dimension Capital, Inc., a real estate and hotel investment advisory firm. He also serves on the Board of Pomeroy Lodging, and is a Trustee of Health Lease Properties REIT (TSX).

Balboa Investments Inc. is a respected leader in creative and transformative real estate investments and developments.  As part of the Coril Group of Companies, Balboa is pursuing a strategy to grow its commercial real estate portfolio with strategic partners across Canada.

www.coril.com

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