Mr. Y. Dov Meyer, CEO and President of Terra Firma Capital Corporation announced the appointment of Mano Thiyagarajah, MBA, CGA, CPA (Delaware) as Chief Financial Officer and Corporate Secretary effective February 1, 2013. Mr. Thiyagarajah replaces Howard Wortzman and Marisa Christenson who are resigning as CFO and Secretary, respectively. Mr. Thiyagarajah has extensive experience as a vice president finance and controller of several major public real estate and asset management companies in Canada and the United States such as Transglobe Apartment REIT and O&Y REIT and has been involved in all aspects of accounting, financial reporting, finance and administration.

In accordance with the policies of the TSXV, Mr. Thiyagarajah's appointment is subject to the TSXV's review and approval.