MPC.C Madison Pacific Properties Inc

Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C) (the "Company") a
Vancouver-based real estate company announced today that Alan Firth, its
President and Chief Executive Officer, has tendered his resignation in order to
pursue other interests. Mr. Firth will continue as Acting President and Chief
Executive Officer until the Company concludes a search for a qualified
replacement to ensure a smooth transition.


"Over the past 7 years, Alan has been instrumental in Madison Pacific's growth
and I thank him for his leadership. The Board is reluctantly accepting Alan's
resignation and will immediately begin the search for his replacement," said Sam
Grippo, Chairman of the Company.

Madison Pacific Properties (TSX:MPC.C)
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Madison Pacific Properties (TSX:MPC.C)
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