CaiTerra International Energy Corp.
TSX VENTURE : CTI

October 17, 2012 18:46 ET

CaiTerra International Energy to Raise $700,000 in Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 17, 2012) - CaiTerra International Energy Corp. (TSX VENTURE:CTI) ("CTI" or the "Company"), today announces that the Company has arranged a non-brokered private placement, to be completed after receiving final acceptance of TSX Venture Exchange, for CDN $700,000 through the issuance of 3,684,211 common shares at the price of $0.19 per share. The Company intends to use the proceeds of the private placement for its working capital.

ON BEHALF OF THE BOARD

Craig Robson, Chief Executive Officer

This press release contains forward-looking statements that include our belief as to the Company's ability to complete the private placement for $700,000. 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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