Mr. Daniel Drimmer reports

TRUE NORTH COMMERCIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES OVER 425,000 SQUARE FEET IN LEASING ACTIVITY

True North Commercial Real Estate Investment Trust has noted significant progress of its lease renewals, totalling approximately 374,000 square feet and over 51,000 square feet of new leases, with a combined weighted average lease term of 4.3 years.

"The significant lease activity completed to date demonstrates the REIT's continued focus on maintaining strong relationships with its tenants, and reinforces our strategic focus of securing and retaining government and credit-worthy tenants," stated Daniel Drimmer, chief executive officer of the REIT.

The REIT completed approximately 141,000 square feet of lease renewals across three properties in New Brunswick with the province of New Brunswick. The New Brunswick renewal extends the province's tenancy for a further five years to September and October, 2027. The REIT's New Brunswick portfolio is currently 85 per cent occupied.

The REIT also completed a five-year lease renewal totalling approximately 58,600 square feet with the province of Alberta, the anchor tenant at 13140 St. Albert Trail, Edmonton, Alta. Under the terms of the renewal, the lease term has been extended to January, 2029. 13140 St. Albert Trail is 92 per cent occupied, with the Province of Alberta occupying 78 per cent of its rentable area.

Lastly, the REIT is pleased to announce a lease renewal of approximately 44,800 square feet with General Motors of Canada Company at 101 McNabb St., Markham, Ont., to further extend its term until December, 2027. 101 McNabb is 100 per cent occupied by General Motors of Canada and TD Insurance, with an average remaining lease term of four years.

The REIT's portfolio, which is 91 per cent occupied, generates 80 per cent of revenue from government and credit-rated tenants with a weighted average remaining lease term of 4.4 years.

About True North Commercial Real Estate Investment Trust

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 46 properties consisting of approximately five million square feet in urban and select strategic secondary markets across Canada. The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.

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