Canada Lands Company Announces Departure of President and CEO Mark Laroche

TORONTO, November 5, 2012 — It is with regret that the Board of Directors of Canada Lands Company announces the resignation of Mark Laroche from his position as President and Chief Executive Officer.

“Mark has made significant contributions to the success of this organization,” said Canada Lands Company Chairman Grant Walsh. “We appreciate everything that Mark has done for Canada Lands. The opportunity of a new challenge closer to his family was a major factor in his decision. We thank Mark for his leadership and wish him all the best in the future.”

The Board of Directors is meeting this week to discuss leadership and strategy for the future. The Chairman will be increasing his role until new interim leadership is named.

Over the last several years Canada Lands Company has transformed itself into a high performing organization with a focus on enhancing communities and creating economic value. It has had unprecedented success and progress in a challenging business environment, including such significant initiatives as the new EdgeWalk attraction at the CN Tower, the construction of a world-class aquarium in Toronto by Ripley Entertainment, the launch of the Pleasantville development in St. John’s, the acquisition of the Pointe-du-Moulin pier and its Silo No. 5 on Montreal’s waterfront, and the final phase of the successful Currie Barracks development project in Calgary.

Canada Lands Company Limited is a self-financing federal Crown corporation that optimizes the economic and community value obtained from surplus properties which are no longer required by its sole shareholder, the Government of Canada.

For further information, contact:

Manon Lapensée
Canada Lands Company