EDMONTON, ALBERTA – Mr. Sine Chadi, Chairman of the Board of Imperial Equities Inc. (TSX-V:IEI) (“Imperial or the Company”) has today announced the resignation and retirement of two members of its Board of Directors.

After each completing two 5 year terms as a member of the Board of Directors of Imperial Equities Inc., both, Dr. Dennis Modry and Mr. Bill Smith have vacated their respective positions on the Board.

“For the past 10 years, both Dr. Dennis Modry and Mr. Bill Smith have been active members on the IEI Board. Their involvement has helped shape the company through grace, growth and governance. We wish Dr. Modry and Mr. Smith success in their future endeavors be it further business ventures or retirement.”

About Imperial Equities Inc.:

Imperial Equities Inc. Is based in Edmonton, Alberta. A diversified company anchored by commercial and industrial real estate properties in its targeted Edmonton and Alberta markets. Imperial also distributes pharmaceutical products to the institutional and retail customers through its wholly owned subsidiary, Imperial Distributors Canada Inc. Additional information is available at: www.imperialequities.com

Imperial’s common shares are listed on the TSX Venture Exchange under symbol IEI.

Neither TSX Venture nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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