TSX Venture - IIP TORONTO, March 9 /CNW/ - InterRent International Properties Inc. (the "Corporation") is pleased to announce that it has granted an aggregate of 450,000 stock options to the directors of the Corporation. Each option entitles the holder thereof to acquire one (1) common share of the Corporation at an exercise price of $0.45 per common share prior to the close of business on September 10, 2009. InterRent is a rapidly expanding, growth oriented real estate company engaged in building shareholder value through the acquisition, ownership and operation of strategically located income producing multi-residential real estate, with 1,146 apartment suites under ownership and an additional 63 suites under contract. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. %SEDAR: 00010579E