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Raymond Steele, Director, Chief Financial Officer, Vice-President, Portfolio Manager - Mr. Steele has over 25 years of experience as an investment professional managing money for pension funds, mutual funds, and other institutional clients. In addition he has a vast array of experience with the marketing, administrative, technological, and regulatory aspects of the investment management business. He was a founder, investment manager, and CFO of Mavrix Fund Management Inc., a TSX listed company, from 2001 to 2010. Mr. Steele received a B.Comm. from the University of Ottawa in 1983, and is a Certified Management Accountant, and a Chartered Financial Analyst.

Malvin Spooner, Director, MA, MBA, CFA - Mr. Spooner was the Founder & President of Mavrix Fund Management Inc. He developed a family of mutual funds and limited partnerships which were distributed through the major banks and MFDA dealers across Canada. He is a former director of CanRock Energy Corp. (merged with Alston Energy Inc. May 2012) and is currently a director with Metals Creek Resources Corp.

The Reactivation Transaction is conditional upon, among other things, receiving all necessary regulatory and third party approvals and authorizations, the receipt of an independent valuation of the LaSalle Property and the Securities Portfolio, approval by the shareholders of NorRock, confirmation of no material adverse change having occurred to the LaSalle Property and the Securities Portfolio prior to close, the completion of definitive agreements setting forth the terms and conditions for the closing of the LaSalle Acquisition and the Portfolio Acquisition, the completion of due diligence satisfactory to each party, and the completion of a sponsorship report satisfactory to the Exchange (or waiver by the Exchange of that requirement).

Concurrent Financing

NorRock intends to complete a brokered private placement to raise up to $1,000,000 (the "Concurrent Financing") concurrently with its Reactivation Transaction by issuing up to 4,000,000 Class A shares at $0.25 per share. Proceeds raised will be used for general working capital purposes.

Sponsorship

NorRock is currently confirming the terms of a sponsorship relationship for this transaction with an Exchange member firm, which will be disclosed as soon as an engagement is formalized.

Capitalization

Post-closing of the Reactivation Transaction and the Concurrent Financing, NorRock will have approximately 57.4 million Class A Shares issued and outstanding. It is anticipated that Green Tree will own, directly or indirectly, approximately 2% of the issued and outstanding voting securities; the other current shareholders of NorRock will collectively own approximately 7% of the issued and outstanding voting securities; the subscribers on the Concurrent Financing will collectively own approximately 7% of the issued and outstanding voting securities; and the sellers on the Reactivation Transaction will collectively own, directly or indirectly, approximately 84% of the issued and outstanding voting securities, of which IGW Seg Debt 1 and IGW Seg Debt 2 will distribute approximately 25.3 million Class A Shares (being approximately 44% of the issued and outstanding voting securities) to their unit holders, while IGW Industrial will own, directly or indirectly, approximately 23.2 million Class A Shares, being approximately 40% of the issued and outstanding voting securities of NorRock. As such, IGW Industrial will be an "insider" of NorRock for purposes of applicable securities laws. IGW Industrial is a subsidiary of League IGW Real Estate Investment Trust, a real estate investment trust established under the laws of the province of British Columbia.

For further information about NorRock, please contact Jacqueline Boddaert, CEO, at 416-479-9510 or by email at JBoddaert@norrock.ca. For further information about the LaSalle Property or the Securities Portfolio, please contact Adam Gant, President/CEO of IGW Industrial GP Inc., IGW Segregated Debt 1 GP Inc. and IGW Segregated Debt 2 GP Inc., at 250-592-3395, or by email at Adam.Gant@league.ca.

Completion of the transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the RTO may not be accurate or complete and should not be relied upon. Trading in the securities of NorRock should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.



Contacts:
NorRock Realty Finance Corporation
Jacqueline Boddaert
CEO
416-479-9510
JBoddaert@norrock.ca

For further information about the LaSalle Property or the
Securities Portfolio, please contact
Adam Gant
250-592-3395
Adam.Gant@league.ca