CaiTerra International Energy Announces Closing Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 9, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES

CaiTerra International Energy Corporation (the "Company") (TSX VENTURE:CTI) announces that it has completed a non-brokered private placement financing (the "Financing") of 31,820,000 units (each, a "Unit") of the Company at a price of $0.10 per Unit for total proceeds of $3,182,000. Each Unit is comprised of one common share of the Company and one common share purchase warrant. Each common share purchase warrant is exercisable into one common share of the Company at an exercise price of $0.15 per share for two years from the date of issuance.

Wei Wu, a director of the Company, along with his spouse and his mother-in-law, subscribed for an aggregate of 5,020,000 Units and Xiang Pu, a director of the Company, subscribed for 2,000,000 Units.

The Company is expected to pay a finder's fee of $148,800 to one finder in connection with the Financing.

All securities issued in connection with the Financing are subject to a hold period expiring November 9, 2014.

None of the securities issued have been registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

A Note Regarding Forward-Looking Information

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Forward-looking information in this press release includes, but is not limited to, a statement regarding the finder's fees. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward-looking statements or forward-looking information in this news release.