CaiTerra International Energy Corporation Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 24, 2014) - CaiTerra International Energy Corporation (TSX VENTURE:CTI) (the "Company"), announces that on July 18, 2014 and subject to TSX-Venture Exchange approval, the board of directors has granted an additional 4,050,000 stock options to its directors, officers, employees and consultants for the purchase of up to 4,050,000 common shares of the Company pursuant to its stock option plan. Each stock option is exercisable for a period of 5 years at a price of $0.20 per common share. The options, will vest over three years with the option holders in accordance with TSX-Venture Exchange policies.

ON BEHALF OF THE BOARD

Craig Robson, Director

Cautionary Statements

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. The TSX Venture Exchange Inc. has in no way passed on the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

A Note regarding Forward Looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "will", "expects", "believe", "plans", "potential" and similar expressions are intended to identify forward-looking statements or information. The Company cautions that there are no assurances or guarantees that the transaction will be completed as proposed or at all.

Although the Company believes that the expectations and assumptions on which such forward looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks of failure to obtain the necessary regulatory approval, stock exchange and other regulatory approvals. Management has included the above summary of assumptions and risks related to forward looking information provided in this press release in order to provide security holders with a more complete perspective on the Company's future operations and such information may not be appropriate for other purposes.

The forward-looking statements and information contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.