CapGain Properties Inc. (TSX VENTURE:CPP) is pleased to announce that its
wholly-owned subsidiary, CapGain Holdings Inc. ("CapGain"), has come to terms
and has entered into an option agreement with Win Capital Group LLC ("Win
Capital") to purchase additional ownership interest in Orlando MF Partners LLC
("Orlando MF Partners"), which is a single purpose entity whose sole asset are
the properties located at 1200 West Holden Avenue, Orlando, Florida and 4855
South Orange Blossom Trail, Orlando, Florida.


CapGain currently has a 45.36% interest in Orlando MF Partners, and the
aforementioned option agreement will allow CapGain to acquire up to 29.57% of
Win Capital's, one of the other current interest holders, interest in Orlando MF
Partners. In consideration for the option to acquire the additional interest,
CapGain Properties Inc. shall grant Win Capital warrants on 1,083,600 shares of
CapGain Properties Inc. priced at $0.10 per share.


The foregoing grant of warrants is subject to approval by the TSX Venture Exchange.

About CapGain

CapGain is an investment company that is focused on the acquisition of income
producing real property in select markets in the United States. The Company's
management and expertise within the real estate and finance industries allow it
to acquire properties at significantly below market value. 


Additional information on CapGain may be accessed through the TMX website
(www.tmx.com) and the SEDAR website (www.sedar.com) under the profile for
CapGain.


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.


Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of
applicable legislation. All statements included in this report and the documents
that we incorporate by reference, are forward-looking statements and can
generally be identified by words such as "will," "allow," "outlook," or the
negative of these terms, and other comparable terminology. 


Various risks and other factors could cause actual results, and actual events
that occur, to differ materially from those contemplated by the forward looking
statements, such as whether CapGain is able to meet price, performance, quality
and delivery requirements. Although CapGain believes that the expectations
represented by any forward-looking statements and forward-looking information
contained herein are reasonable based on the information available to them on
the date of this document, management cannot assure investors that actual
results, performance or achievements will be consistent with these
forward-looking statements or forward-looking information. CapGain undertakes no
obligation to update the information in this press release to reflect events or
circumstances after the date hereof or to reflect the occurrence of anticipated
or unanticipated events.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CapGain Properties Inc.
Brian Knight
Chief Executive Officer
(847) 854-4213
bknight@capgain.ca

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