MPC Madison Pacific Properties Inc

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, 2010.

For the first quarter 2010 the Company is reporting net income from continuing operations of $2,205,000 (2009: $2,737,000); cash flow from continuing operations before changes in non-cash working capital of $1,485,000 (2009: $1,082,000); and earnings per share from continuing operations of $0.04 (2009: $0.05).

The decrease in net income is largely due to a non-recurring tax recovery provision in 2009.

The Company owns over $138 million in real estate assets comprising 1,312,154 rentable sq. ft. of industrial and commercial space of which 99.8% is leased.

Contacts: Madison Pacific Properties Inc. Mr. Alan Firth President & CEO (604) 732-6540 (604) 732-6550 (FAX) Madison Pacific Properties Inc. Mr. Bill Ramsey Investor Information (604) 732-6540