MP Western Properties Inc. (TSX VENTURE:MPW.H) ("MPW") is pleased to announce
the results of a vote held at the annual and special general meeting of
shareholders in favour of completing the previously announced plan of
arrangement (the "Arrangement") among MPW, MPW's shareholders and Madison
Pacific Properties Inc. ("Madison"). 


The vote in favour of the Arrangement was approved by over 99% of the votes cast
by holders of MPW's voting shares and non-voting shares and by a majority of the
minority voting shareholders of MPW, each voting separately as a class. Final
court approval will be sought from the Supreme Court of British Columbia on July
7, 2011.


Under the terms of the Arrangement, Madison will acquire all of the issued and
outstanding shares of MPW held by minority shareholders of MPW in exchange for a
cash payment of $0.06 per share. Madison and MPW encourage those shareholders of
MPW to tender their shares of MPW, along with a completed letter of transmittal
to CIBC Mellon Trust Company.


Forward Looking Statements

Certain statements in this press release may not be historical and may
constitute forward-looking statements reflecting financial performance.
Investors are cautioned that all forward-looking statements involve risks and
uncertainties, including the risk that there is no assurance that the
transactions contemplated by the Arrangement will be completed as proposed or at
all. Forward-looking statements are based on management's estimates, beliefs and
opinions on the date the statements are made. Except as required by law, MPW
assumes no obligation to update forward-looking statements if circumstances
should change. Additional information on these and other potential factors that
could affect MPW's financial results are detailed in documents filed from time
to time with the applicable Canadian securities regulatory authorities.
Investors are cautioned that, except as disclosed in the management information
circular sent to MPW shareholders in connection with the Arrangement, any
information regarding the Arrangement may not be accurate or complete and should
not be relied on.


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