ProGreen Properties, Inc. (OTCPK:PGEI) is pleased to announce that advanced discussions for a joint venture and/or purchase agreement for several thousand acres in Baja California, are presently under way with the Mexican land owner. The proposed first phase of 1,000 acres, designated for agriculture use, would be developed to generate a planned long term income stream for ProGreen. ProGreen is presently negotiating terms with a funding source for this project.