CaiTerra International Energy Corporation
TSX VENTURE : CTI

October 23, 2012 20:09 ET

CaiTerra International Energy Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 23, 2012) - CaiTerra International Energy Corporation (TSX VENTURE:CTI) (the "Company") today announces that it has granted an aggregate of 5,000,000 stock options to its directors, officers and consultants for the purchase of up to 5,000,000 common shares of the Company pursuant to its stock option plan. Each stock option is exercisable for a period of two years at a price of $0.20 per common share.

The Company also granted 1,200,000 stock options to Gale Capital Corporation ("Gale") pursuant to the investor relations that the Company entered into with Gale earlier. Each stock option granted to Gail is exercisable at a price of $0.20 per common share for a period of two years, vesting in accordance with the policies of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

Craig Robson, Chief Executive Officer

Certain risks and uncertainties, such as our ability to successfully complete the private placement, could cause the Company's actual results to differ materially from those in the forward-looking statements.

The TSX Venture Exchange nor its Regulation Services Provider has neither approved nor disapproved the contents of this press release.

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