Imperial Equities Inc. grants incentive stock options

EDMONTON, June 4 /CNW/ - Mr. Sine Chadi, Chairman of the Board of Imperial Equities Inc. (TSX-V:IEI) announced today that Imperial Equities Inc. will grant Stock Options to a member of its Board pursuant to its Stock Option Plan dated August 11, 2005.

On May 21, 2008, the Board of Imperial Equities approved the issuance of Incentive Stock Options to Dr. Dennis Modry a new member of the Board of Directors of Imperial Equities. The Board agreed to grant Dr. Modry the option to purchase up to 100,000 common shares of Imperial Equities at an exercise price of $1.75. The shares are exercisable at any time but not later than August 11, 2010.

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 the symbol IEI.

The Toronto Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this release.

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