First Quarter 2006 Results Monday, May 1, 2006 at 4:00 p.m. (E.T.)
April 3, 2006

Conference Call
You are invited to participate in BPO Properties Ltd.'s 2006 first quarter conference call and Webcast on Monday, May 1, 2006 at 4:00 p.m. (E.T.) to discuss with members of senior management the company's results and current business initiatives.

BPO Properties will release its 2006 first quarter financial results mid-day on May 1, 2006. Both the press release and the supplemental information package will be available on the Web site at www.bpoproperties.com under "Investor Relations."

Webcast
To access the Webcast, go to BPO Properties' Web site at www.bpoproperties.com and click on the link for the Webcast. The Webcast will be archived 24 hours after the end of the conference call and can be accessed for 30 days.

Teleconference
You may also participate by dialing into the live conference call toll free 1-888-789-0089. To ensure your participation, please call five minutes prior to the scheduled start of the call. The call will be archived through May 31, 2006 and can be accessed by dialing toll free 1-888-509-0081, passcode # 9618057.



BPO Properties Ltd., 89% owned by Brookfield Properties Corp., is a Canadian company that invests in real estate, focusing on the ownership and value enhancement of premier office properties. The current property portfolio is comprised of interests in 43 commercial properties totalling 23 million square feet and seven development sites totalling four million square feet. Landmark properties include First Canadian Place in Toronto and Bankers Hall in Calgary. BPO Properties' common shares trade on the TSX under the symbol BPP. For more information, visitwww.bpoproperties.com.

If you have any questions about the conference call, please contact the Investor Relations Department at 416-359-8593.


Contact:
Melissa Coley, Vice President, Investor Relations & Communications
Email: mcoley@bpoproperties.com
Tel: (416) 359-8593



Note: This press release contains "forward-looking statements" that are based on certain assumptions and reflect the company's current expectations. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include general economic conditions, local real estate conditions, timely re-leasing of occupied square footage upon expiration, interest rates, availability of equity and debt financing and other risks detailed from time to time in the documents filed by the company with the securities regulators in Canada. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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