TRI-NATIONAL ANNOUNCES PURCHASE CONTRACT

Press Release: Tri-National Development Corp.

August 19, 1999
SAN DIEGO, CA -- Tri-National Development Corp. (OTC Bulletin Board: TNAV) announced today that through its majority owned subsidiary, Alpine Gardens East, Inc. ("AGE''), it has purchased an option to acquire a 22-acre parcel of real property located in Temecula, California. The Company plans to develop a senior community to include medical facilities, Alzheimer's and dementia care, independent and assisted living and senior single family housing, which upon full buildout is estimated at $50,000,000. This luxurious community will contain finely landscaped walking pathways, clubhouse, pool, and barbecue areas, while providing a full spectrum of senior care support and accommodations.

Michael Sunstein, President and CEO of Tri-National, said, "The addition of this project to our assisted living division is an incredible opportunity to add to our growing presence in Southern California, while keeping in line with the Company's business strategy to maximize shareholder value." Closing of this acquisition is scheduled for November of 1999 and construction is expected to start by May of 2000.

Tri-National's objective is to provide high quality assisted living services to senior housing residents in a cost-effective manner. AGE assisted living facilities will offer housing, basic health care, and personal support for elderly residents who are in need of assistance with certain activities of daily living but do not require the resources of a complete nursing facility.

This release contains forward-looking statements that involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors.

For more information see www.tri-national.com.

Tri-National Development Corp. is an international real estate development and management company.

SOURCE: Tri-National Development Corp.