League Assets Corp.: IGW REIT Purchased 6,765,765 Additional Units of Charter REIT

NOT FOR RELEASE IN THE U.S. OR TO U.S. WIRE SERVICES

League Assets Corp. announced today that pursuant to the terms of the standby purchase agreement ("Standby Purchase Agreement") between Charter REIT and IGW Public LP ("IGW") dated June 4, 2010, as amended, IGW purchased an additional 6,765,765 units of Charter REIT for approximately C$9,404,413.

The closing date for the completion of the standby commitment portion of the rights offering is July 29, 2010. Upon completion of the rights offering, a total of 25,677,075 of Charter units are issued and outstanding, of which IGW holds a total of 12,812,860 units or approximately 49.9% of the issued and outstanding units.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons, except in certain transactions exempt from the registration requirements of the 1933 Act.

Victoria, BC-based League Assets Corp. manages the C$230 million IGW REIT (http://league.ca/investments/the-igw-reit), comprising a portfolio of Canadian commercial, industrial and multi-family residential properties, and limited partnerships (http://league.ca/investments/real-estate-limited-partnerships-relps). League Assets Corp. exists to find, acquire, improve and manage real estate properties on behalf of its approximately 2,000 Member-Partner investors. Combined with its other investment pools, League is currently has assets under management of C$530 million with a total build-out of approximately C$2 billion.

Download League's proprietary investment book, The Blue Book of Real Estate Syndication, and the Company Backgrounder booklet at www.league.ca.

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