About Spruce Land Developments Ltd.

Spruce Land Developments Ltd. is an Alberta based company with its head office located in Edmonton.  The company is engaged in the development, ownership and management of real estate projects with the majority of properties located in the Edmonton area.  Projects consist of manufactured home parks, multi-residential apartments and townhouses, office buildings, industrial and retail buildings.

The company, with 333 shareholders, is a Canadian controlled private corporation for tax purposes and a reporting issuer to the Alberta Securities Commission.

Spruce Land's shares are not publicly traded and consequently are generally only available through private purchase.   Investors interested in purchasing shares can contact the company which will make their interest known to shareholders inquiring to sell their shares.

Existing shareholders can acquire more shares through the Company's Dividend Reinvestment Plan (DRIP), copies of the Plan, Frequently Asked Questions and a DRIP Enrolement Form are available below.

For further information please contact:

Spruce Land Developments Ltd.
Attn: Investor Relations
16880 - 111 Avenue
Edmonton, AB  T5M 4C9
Phone: (780) 424-5775
Fax: (780) 425-8577
Email: info@spruce-land.com

or

Olympia Trust Company
Attn: Manager of Corporate Actions
2300, 125 - 9 Avenue SE
Calgary, AB  T2G 0P6
Fax: (403) 265-1455
Email: reinvestmentservices@olympiatrust.com