Delcor Announces Acquisition of Shares of Madison Pacific Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2011) - Delcor Holdings Ltd. ("Delcor" or the "Company") reported that it had acquired a total of 1,825,815 Class C Shares of Madison Pacific Properties Inc. ("MadPac") at an aggregate purchase price of $3,998,535. The purchase was carried out by way of private transaction.

Following the transaction, Delcor owns approximately 11.5% of the Class B Shares and 26.4% of the Class C Shares of MadPac. Delcor acquired the shares for investment purposes. The shares were acquired pursuant to the private agreement exemption from one person for consideration that was less than the market price of the shares.

For further information, or to obtain a copy of the acquisition report filed under securities legislation, please contact Michael Delesalle.