Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C), a Vancouver-based real
estate company, announces the appointment of a new Chief Financial Officer.


The company is pleased to announce the appointment of Mr. Dino Di Marco as its
new Chief Financial Officer. Mr. Di Marco will be replacing Mr. William Ramsey.
The Board would like to thank Mr. Ramsey for his valuable contribution to the
company.


Mr. Di Marco has a number of years of experience in financial management,
including as chief financial officer in the real estate development and
technology sectors and in a senior role at a major public accounting firm. He
holds a Bachelor Degree in Business Administration from Simon Fraser University
and is a Chartered Accountant.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Madison Pacific Properties Inc.
Mr. Marvin Haasen
President
(604) 732-6540
(604) 732-6550 (FAX)


Madison Pacific Properties Inc.
Mr. Dino Di Marco
Chief Financial Officer
(604) 638-5272

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