The Corporation is listed on the TSX Venture Exchange since September 21, 2004, and operates property management and acquisition activities. The Corporation operates its activities through its subsidiaries ADG Immobilier Inc., Complexe Lebourgneuf Inc.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
Cagim Real Estate Corporation
Mr. Guy Boutin
Leasing and Development Officer
418-622-6644

SOURCE: Cagim Real Estate Corporation

The Corporation is listed on the TSX Venture Exchange since September 21, 2004, and operates property management and acquisition activities. The Corporation operates its activities through its subsidiaries ADG Immobilier Inc., Complexe Lebourgneuf Inc.

SOURCE: Cagim Real Estate Corporation

Cagim Real Estate Corporation
Mr. Guy Boutin
Leasing and Development Officer
418-622-6644

A second quarter marked by an acceleration of growth shown in the first quarter.

Management's Discussion and Analysis of Financial Position and Results of Operations

Revenues

During the quarter ended June 30, 2008, revenues from continuing operations stood at $982,496 compared to $598,023 in 2007 representing an increase of 64.2%. The change in revenues between periods is mainly attributable to the acquisition of 50% of the shares of Lombard Societe en commandite, which contributed for three months in 2008 compared to only one month in 2007 and Place d'Affaires Lebourgneuf Phase 2 which contributed 192,779 (2007 - 0 $).The remainder of the increase came from internal growth of buildings that were already held by the corporation in the first quarter of 2007 and the management contract awarded for the Place d'Affaires Lebourgneuf Phase 1 building which was sold in 2007.

Income from real estate activities

For the quarter ended June 30, 2008, income from real estate activities from continuing operations increased 183% to $258,779 compared to $91,435. This increase is mainly linked to the acquisition of Lombard, the contribution of Place d'Affaires Lebourgneuf Phase 2 and to internal growth. With the arrival of new tenants during the second and third quarter, the contribution of the contribution of Place d'Affaires Lebourgneuf Phase 2 is expected to increase in coming quarters.

Capital

Shareholders' equity per share is up 39% compared with the first quarter of 2007 to reach $0.33 per share as at 31, March 2008. Furthermore, this value does not include potential increase in value on properties from the difference between market value and book value of properties.

Liquid assets

There is a sharp increase of liquid assets to over $0.18 per share as at June 30, 2008 even after the payment of a dividend of $0.15 per Class A share in the first quarter of 2008.

About Cagim Real Estate Corporation

The Corporation is listed on the TSX Venture Exchange and operates property management and acquisition activities. The Corporation operates its activities through its subsidiaries ADG Immobilier Inc., Complexe Lebourgneuf Inc. and Palim Inc.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING INFORMATION -- This press release contains forward-looking statements reflecting Cagim objectives, estimates, expectations and the impact of acquisitions on Cagim's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Cagim's projections or expectations.

Contacts:
Cagim Real Estate Corporation
Mr. Denis Lepine
Chief Financial Officer
418-622-6644

Cagim Real Estate Corporation
Mr. Guy Boutin
Leasing and Development Officer
418-622-6644

SOURCE: Cagim Real Estate Corporation

About Cagim Real Estate Corporation

The Corporation is listed on the TSX Venture Exchange since September 21, 2004 and operates property management and acquisition activities through its subsidiaries ADG Immobilier Inc., Complexe Lebougneuf Inc. and Palim Inc.

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts:
Cagim Real Estate Corporation
Mr. Guy Boutin
Leasing and Development Officer
418-622-6644

SOURCE: Cagim Real Estate Corporation