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Fronsac Real Estate Investment Trust Releases Interim Financial Statements

MONTREAL, QUEBEC -- (Marketwire) -- 05/25/12 -- Fronsac real estate investment trust ("Fronsac REIT") (TSX VENTURE:GAZ.UN) today released its unaudited consolidated financial statements for the first quarter ended March 31, 2012.

The net income of the first quarter was $94,514 or $0.005 per unit (2011: net income of $11,272 or $0.001 per share). For the quarter of March 2011, the operations were conducted under the name of Fronsac Capital Inc..


Income                                  March 31, 2012        March 31, 2011
Revenue                                       $145,878              $122,725
Net lncome                                     $94,514               $11,272
Per unit - basic and diluted                    $0.005                $0.001
Weighted average units                                                      
 outstanding - basic and diluted            20,514,000            13,790,000


Cash Flows                             March 31, 2012        March 31, 2011 
Cash from operating activities                $75,700                $2,533 
Cash from investing activities                     $0               ($8,392)
Cash from financing activities            $(1,756,779)             $(47,794)
Increase (decrease) in cash               $(1,681,079)             $(53,653)
Cash - beginning of period                 $1,985,720              $886,968 
Cash - end of period                         $304,641              $833,315 


Financial Position                      March 31, 2012     December 31, 2011
Cash                                          $304,641            $1,985,720
Investment Properties                       $7,111,919            $7,111,919
Total Assets                                $7,611,343            $9,335,868
Total Liabilities                           $2,708,177            $4,527,216
Total Equity                                $4,903,166            $4,808,652
Book value per unit                              $0.24                 $0.23

The Trust's March 31, 2012 financial statements may be viewed on SEDAR at

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.

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