CPP

CapGain Properties Inc. (TSX VENTURE:CPP) ("CapGain") is pleased to announce the
appointment of Ross Amos to CapGain's Board of Directors. 


Mr. Amos has over 27 years of experience in the real estate industry in both the
public and private sectors. He has served as CFO of Pagecorp Ltd., which
converted 28 real estate partnerships comprising of 4,500 partners and 3,000
apartment units and a 160 room hotel, into an entity publicly traded on the TSX.
Mr. Amos has also served as Vice President and President of several real estate
development companies, and was President of Journey's End General Partner
Company, in which he managed 64 limited partnerships, each of which owned at
least one hotel, and administered the liquidation of over $250,000,000 worth of
those hotel investments. Most recently, Mr. Amos served as President of Everest
Canadian Properties Company where he developed Canada's first comprehensive
liquidation program for previously illiquid limited partnerships. Mr. Amos
currently is also a Director on the Boards of Contrans Group Inc. and Centurion
Property Investments Inc.


In consideration for his work on CapGain's Board of Directors, Mr. Amos shall
receive options to acquire up to 50,000 common shares of CapGain at the current
market price of $0.07 per share.


The foregoing appointment is subject to approval by the TSX Venture Exchange.

About CapGain

CapGain is an investment company that purchases, re-structures when applicable,
and sells real estate in the United States, with a forward moving focus on
income producing real estate. CapGain's contacts within the real estate and
finance industries allow the purchase of properties significantly below market
value. 


Additional information on the operations or financial results of CapGain is
included in reports on file with applicable securities regulatory authorities
and may be accessed through the TMX website (www.tmx.com) and the SEDAR website
(www.sedar.com) under the profile for CapGain.


Forward-Looking Statements, if any

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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