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Message: Gulf & Pacific Equities Announces Grant of Options

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Gulf & Pacific Equities Announces Grant of Options

posted on Feb 21, 09 12:03AM

February 20, 2009

Gulf & Pacific Equities Announces Grant of Options

TORONTO, ONTARIO--(Marketwire - Feb. 20, 2009) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISTRIBUTION INTO THE UNITED STATES

Gulf & Pacific Equities Corp. (TSX VENTURE:GUF) an established company focused on the acquisition, management and development of grocery store anchored shopping centres in Western Canada, is pleased to announce in accordance with the Company's Stock Option Plan, the grant of option to directors totaling 240,000 options to purchase common shares ("options") of Gulf & Pacific Equities Corp. at a price of $0.25. The term of the options shall be five (5) years from date of issue and are vested immediately.

Full details are available at www.sedar.com or at the company's website www.gpequities.com.

About Gulf & Pacific Equities Corp.

Gulf & Pacific Equities Corp. was incorporated under the laws of the Province of Alberta on April 8, 1998 and thereafter completed a public offering of common shares by prospectus dated June 26, 1998 (TSX VENTURE:GUF).

The Company acquires, manages and develops grocery-anchored shopping malls in rural centres in Western Canada, in particular Alberta. Gulf & Pacific targets smaller, but rapidly growing hub communities that have hospital, high school, police station and retail/service infrastructure. Management has consistently reinvested cash flow to improve and grow its portfolio of income properties.

Gulf & Pacific Equities Corp. currently owns five, well-located retail assets located in Three Hills, Whitecourt, St. Paul and Cold Lake Alberta, as well as in Merritt B.C.

In 2005, Gulf & Pacific Equities Corp. was named the 22nd fastest growing company in Canada by "Profit" magazine, a Rogers' publication. In 2006 and 2008, the company made the list again as the 162nd and 145th fastest growing company in Canada.

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