Granite Real Estate Investment Trust T.GRT.UN

June 18 th 2007 is the last Release ????

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It has been sometime since they have given us an update ???? Any takers for any updated info ???? Happy trading pkxt Tel: [phone] Fax: [phone] Email: [e-mail] www.g2resources.ca G2 RESOURCES INC. Suite 310, 333 - 5th Avenue SW Calgary, Alberta T2P 3B6 FOR IMMEDIATE RELEASE TRADING SYMBOL - GRT G2 ANNOUNCES OPERATIONAL UPDATE NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. Calgary, Alberta, June 18, 2007 G2 Resources Inc. (“G2”) (TSXV – “GRT”) is pleased to provide an operational update on its core properties. Since the beginning of the year, the Company participated in the drilling of nine (3.14 net) wells and two recompletions (0.36 net), resulting in seven gas wells and four oil wells. At Trutch in northeastern British Columbia, G2 participated in the drilling of three wells and recompleted an additional two, resulting in five gas wells. G2’s working interest in these operations is approximately 23%. Four of these wells were tied in and placed on production prior to spring breakup. The 2006/2007 winter drilling program has confirmed the extension of the field on the north side of Trutch Creek. As at the end of May 2007 there were 11 wells producing at a net 1,500 Mcf per day or 250 boe per day to G2. At Luseland in southwestern Saskatchewan, G2 and its partner have just finished the drilling and casing of four potential oil wells in the Bakken formation. G2 has an average working interest of 49% in the project. Completion operations are expected to commence by the end of June, 2007 and the wells will be placed on production over the next two months. The Company currently has two previously drilled wells on production at a combined rate net to the Company of 56 barrels per day. At Wapiti, the Company has two wells on production and has constructed pipeline for a third well to be tied in. Two wells which were drilled in 2006 are expected to be completed and evaluated in the second and third quarters of 2007. The Company’s current share of production from its 55% average working interest in the wells is 250 Mcf per day or 42 boe per day. At Windfall, Alberta the Company has surveyed and is currently licensing two Nisku drilling locations. G2 has working interests of 25% and 33% in these wells and expects to commence drilling the first Nisku test in July 2007. Drilling time for each of the wells is anticipated to take 30 days. - 2 - A well was drilled and completed at Foam Lake, Saskatchewan to validate the exploration permit during the second quarter. It is currently standing as a potential Second White Specks gas well. Drilling was resumed on the Kakwa well and the well was drilled to a total depth 4,300 meters. Evaluation of this well will be completed in the 2007 winter drilling season. G2 Resources’ production from the properties described above and other minor properties is currently 540 boe per day. For further information, please contact: Curtis A. Hartzler, President and CEO G2 Resources Inc. Phone [phone] Fax No. [phone] Per barrel of oil equivalent ("boe") amounts may be misleading, particularly if used in isolation. A boe conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil (6 Mcf:1 bbl) and is based on an energy equivalency conversion method applicable at the burner tip and does not represent a value equivalency at the wellhead. FORWARD LOOKING STATEMENTS This press release may contain forward-looking statements including expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production, delays or changes to plans with respect to exploration or development projects or capital expenditures or availability of drilling equipment; the uncertainty of reserve estimates; the uncertainty of estimates and projects relating to production, costs and expenses, and environmental risks), commodity price, price and exchange rate fluctuation. Additional information on these and other factors that could affect G2’s operations or financial results are included in management's discussion and analysis of G2’s quarterly financial results filed with Canadian securities regulatory authorities that may be accessed at www.sedar.com. The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.