Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C) a Vancouver-based real
estate company announces the results of operations for the 3 months ended March
31, 2008.


For the first quarter 2008 the Company is reporting net income of $1,210,000
(2007: $1,008,000); cash flow from continuing operations before changes in
non-cash working capital of $1,697,000 (2007: $1,645,000); and earnings per
share of $0.02 (2007: $0.02).


The Company owns over $160 million in real estate assets comprising 1,530,000
rentable sq. ft. of industrial and commercial space of which 98.1% is fully
leased.


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