CPP

CapGain Properties Inc. ("CapGain" or "Company") (TSX VENTURE:CPP) announces
that it has changed its auditor. Smythe Ratcliffe LLP ("Former Auditor") has
resigned effective January 3, 2014. The Directors of the Company have appointed
Calvista LLP ("Successor Auditor") of Calgary, Alberta as auditor for the
Company. The change in auditor has been approved by CapGain's Audit Committee
and Board of Directors.


There were no reservations in the Former Auditor's reports in connection with
the two most recently-completed fiscal years or for any period subsequent to the
most recently-completed period for which an audit report was issued and
preceding the date of the Former Auditor's resignation. There are no reportable
events between CapGain and the Former Auditor as defined in National Instrument
51-102. 


About CapGain

CapGain is an investment company that is focused on the acquisition of income
producing real property in select markets in the United States. The Company's
management and expertise within the real estate and finance industries allow it
to acquire properties at significantly below market value. 


Additional information on CapGain may be accessed through the TMX website
(www.tmx.com) and the SEDAR website (www.sedar.com) under the profile for
CapGain.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that
term is defined in the Policies of the TSX Venture Exchange) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of
applicable legislation. All statements included in this report and the documents
that we incorporate by reference, are forward-looking statements and can
generally be identified by words such as "will," "allow," "outlook," or the
negative of these terms, and other comparable terminology. 


Various risks and other factors could cause actual results, and actual events
that occur, to differ materially from those contemplated by the forward looking
statements, such as whether CapGain is able to meet price, performance, quality
and delivery requirements. Although CapGain believes that the expectations
represented by any forward-looking statements and forward-looking information
contained herein are reasonable based on the information available to them on
the date of this document, management cannot assure investors that actual
results, performance or achievements will be consistent with these
forward-looking statements or forward-looking information. CapGain undertakes no
obligation to update the information in this press release to reflect events or
circumstances after the date hereof or to reflect the occurrence of anticipated
or unanticipated events.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CapGain Properties Inc.
Brian Knight
Chief Executive Officer
(847) 854-4213
bknight@capgain.ca

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