(TSX-V: FRO.UN) Fronsac Real Estate Investment Trust (“ Fronsac”) is pleased to announce the acquisition of a property located in Lac Brome, Qc, and a 50% participation in a new development in Chicoutimi, Qc. PROPERTY ACQUISITION On January 29 th, 2021 Fronsac completed the acquisition of a property in Lac Brome, QC which is operated by a service-station under the Esso banner and a fast-food restaurant operated under the Tim Hortons banner. Total consideration paid for the property was $2,840,000 (excluding transaction costs) and was settled in cash. NEW DEVELOPMENT IN CHICOUTIMI, QC In partnership with Odacité Immobilier and Benny & Co., Fronsac also is pleased to announce the development of a new standalone Benny&Co. restaurant in Chicoutimi, Qc. Fronsac will retain a 50% participation in the project. Total costs are expected to be $2.1M and construction is set to begin in 2021.