TSXgroup

July 3, 2008

Timbercreek Mortgage Investment Corporation - An application has been granted for the original listing in the Industrial category of a minimum of 3,985,000 Class A Shares and a maximum of 5,250,000 Class A Shares of Timbercreek Mortgage Investment Corporation (the "Fund"), of which a minimum of 1,900,000 and a maximum of 3,000,000 Class A Shares will be issued and outstanding and a minimum of 2,085,000 and a maximum of 2,250,000 Class A Shares will be reserved for issuance upon completion of a public offering of subscription receipts (the "Offering") and concurrent closing of the Initial Portfolio Acquisitions (as defined in the final prospectus dated June 25, 2008 (the "Prospectus")). Upon closing of the Initial Portfolio Acquisitions, each subscription receipt will be exchanged for one Class A Share without payment of additional consideration.

Listing of the Class A Shares will become effective at 5:01 p.m. on Friday, July 4, 2008 in anticipation of the Offering and Initial Portfolio Acquisitions closing on Monday, July 7, 2008. The Class A Shares, other than those which have not been distributed to the public, will be posted for trading at the opening on July 7, 2008.

Registration of interests in and transfers of the Class A Shares will be made solely through the book-entry only system maintained by CDS Clearing and Depository Services Inc. ("CDS"). Class A Shares must be purchased, transferred and surrendered for redemption through a CDS Participant. Upon the acquisition of Class A Shares, the owner will receive only the customary confirmation.

Additional information on the Class A Shares may be found in the Prospectus, which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "TMC"
CUSIP: 88708U 10 3
Trading Currency: CDN

Temporary Market Maker: Dundee Securities Corporation

Other Markets: None

Head Office Address: 25 Price Street
Toronto, Ontario
M4W 1Z1
Email Address: cmorris@timbercreekfunds.com
Website: www.timbercreekfunds.com

Head Office Telephone Number: (416) 306-9967

Fax Number: (416) 848-9494

Chief Financial Officer: Ugo Bizzarri

Chief Executive Officer & Corporate Secretary: R. Blair Tamblyn

Investor Relations: Carrie Morris
(416) 306-9967 extension 250

Fund Manager: Timbercreek Asset Management Inc.

Incorporation: The Fund was incorporated under the laws of the Province of Ontario by articles of incorporation dated April 30, 2008.

Fiscal Year End: December 31

Nature of Business: The Fund will invest in a diversified pool of mortgage loans with attractive yields that are directly secured by residential (including multi-residential), office, retail and industrial real property across Canada.

Transfer Agent & Registrar: CIBC Mellon Trust Company at its principal office in Toronto.

Distributions: The Fund intends to make equal monthly cash distributions by way of dividend to holders of Shares of record on the last business day of each month. Declared distributions will be paid within 15 days following the end of the month in which they are declared. For the 12-month period ending December 31, 2008, the Fund Manager is targeting an annualized yield of approximately 9%, net of all fees and expenses of the Fund and based on the issue price of $10 per Class A Share. Thereafter, in the long-term, the Fund Manager is targeting an aggregate annual yield (net of all fees and expenses of the Fund) equal to the then current yield to maturity on the two-year Government of Canada bond yield (the "2-Yr GOC Yield") plus 550 basis points. For the year ended December 31, 2007, the average 2-Yr GOC Yield was 4.19%. The Fund Manager will use its best efforts to achieve the targeted yields set forth in the Prospectus, however, no assurance is given that the Fund will achieve them.

Public Offering: Pursuant to the terms of the Prospectus, Berkshire Securities Inc., Raymond James Ltd., Dundee Securities Corporation, Newport Securities L.P., Burgeonvest Securities Limited and IPC Securities Corporation, as agents, are offering to the public between 1,900,000 and 3,000,000 Subscription Receipts at a price of $10.00 each. Each Subscription Receipt will entitle the holder thereof to receive, without any further action on the part of the holder thereof and without payment of additional consideration, one Class A Share of the Fund upon closing of the Initial Portfolio Acquisitions.