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File: CONSOLIDATION INTENTION INR.docx

CSE: INR


For Immediate Release


INNOVATIVE PROCEEDS TO CONSOLIDATE ITS SHARES


Surrey, British Columbia, October 1, 2014/INNOVATIVE PROPERTIES INC. ("Innovative" or the "Company") (CSE:INR) announc
--->es further to its press release of September 10, 2014, it will proceed with a consolidation of its share capital on th
--->e ratio of one new share for three old shares, as per majority shareholder approval.

The Company's transfer agent, Valiant Trust, will send out Notices, together with a transmittal letter to all of its s
--->hareholders as at September 15, 2014.

Currently, a total of 19,244,891 common shares in the capital of the Company are issued and outstanding.  A total of 6
--->,414,964      common shares of the Company will be issued and outstanding following the proposed consolidation, assumi
--->ng no other changes in the issued capital.  Any fractional share remaining after giving effect to the aforementioned c
--->onsolidation that is less than one-half of one share shall be deemed to be cancelled and each fractional share that is
---> at least one-half of one share shall be deemed to be changed to one whole share.

The effective date of the consolidation will be announced in a further press release.
 

The consolidation is subject to Canadian Securities Exchange acceptance.


ON BEHALF OF THE BOARD OF
INNOVATIVE PROPERTIES INC.

"Tony Gill"
____________________________
Tony Gill
President & CEO

All statements, other than statements of historical fact, included herein are forward-looking statements that involve 
--->various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate and actual 
--->results and future events could differ materially from those anticipated in such statements.  Important factors that c
--->ould cause actual results to differ ,materially from the Company's expectations are disclosed in the Company's documen
--->ts filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission, the Ontario Secu
--->rities Commission and the Alberta Securities Commission. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.