News

Canada Lands Company Limited Announces Old Port of Montréal Corporation Board Appointments

Montréal, Québec, June 26, 2009

Following consultation with its shareholder, the Government of Canada, Canada Lands Company Limited (CLCL) is pleased to announce the appointment of two new members, and the reappointment of two existing members to the board of directors of its wholly-owned subsidiary, the Old Port of Montréal Corporation Inc.

Appointed to the board for three-year terms effective July 1, 2009, are the Hon. Gerry Weiner, PC and Mr. Anis A. Nazar, both of Montréal. Mr. Patrick Kenniff and Ms. Tasha Kheiriddin, also of Montréal, are reappointed to the board for three-year terms.

“I am extremely pleased that all of these talented individuals have agreed to serve or to continue serving as board members,” said CLCL Chairman Marc Rochon. “All of them bring a strong sense of community commitment to the Corporation’s board and we look forward to working with them as the Corporation continues its efforts to revitalize the south-west Old Port and downtown areas.”

Mr. Bernard Roy and Mr. Claude Thibault both step down from the board after more than two years of service, with Mr. Roy acting as Chair of the Board over that entire period. Mr. Rochon stated that Mssrs. Roy and Thibault were both to be thanked for their unwavering commitment to the Old Port of Montréal Corporation and to enhancing the operations of this organization.

The Old Port of Montréal Corporation was created by the Government of Canada in 1981 with the mandate of managing and promoting the development of the Old Port of Montréal's territory, which covers 47.3 hectares (116.9 acres) and lies along the St. Lawrence River near the centre of one of North America's most vibrant and exciting cities. The Corporation promotes sustainable development of this recreational and tourist property for the benefit of all Montréalers and Canadians.

CLCL is a federal Crown corporation and through its real estate subsidiary, optimizes the financial and community value obtained from surplus properties no longer required by the Government of Canada. The company is self-financing and implements innovative property solutions to create strong and competitive communities wherever it operates. It is presently undertaking the redevelopment of Montréal’s New Harbourfront area, beginning with a site known as “Les Bassins du Nouveau Havre”.

We are pleased to provide the attached brief biographical notes of the new board members, highlighting their experience and skills.