Cap-Link Enters Into Letter Agreement to Acquire Petrodorado Ltd.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Cap-Link Ventures Ltd. (the "Company") (TSX VENTURE:CAV) is pleased to announce
that it has entered into a letter agreement as amended (the "Letter Agreement")
with Petrodorado Ltd. ("Petrodorado") under which Cap-Link will acquire all of
the outstanding shares of Petrodorado (the "Acquisition"). Petrodorado has
interests in certain oil and gas properties in Colombia and other South American
countries.


The Acquisition will be a "Fundamental Acquisition" in accordance with the
policies of the TSX Venture Exchange (the "TSXV"). The closing of the
Acquisition is subject to a number of conditions, including: (a) entering into
of a formal binding agreement; (b) completion of due diligence; (c) the approval
of the TSXV; (d) the approval of the shareholders of Cap-Link; (e) the
cancellation of certain share purchase warrants of Cap-Link; (f) completion of a
financing to raise not less than $50,000,000 by Cap-Link; and (g) closing
occurring not later than December 31, 2009.


Petrodorado Ltd.

Petrodorado is a private Alberta incorporated company formed to explore and
exploit oil & gas assets in South America.


Petrodorado currently owns a 20% working interest in the La Maye block located
in Colombia, South America, which includes a 20% working interest in four turn
key test wells. The La Maye block consists of 27,641 hectares (70,000 acres) and
is located within the municipal jurisdictions of San Sebastian de Buenavista and
San Zenon in the Department of Magdalena, and Mompos, San Fernando, Pinillos and
Hatillo de Loba in the Department of Bolivar.


In addition, Petrodorado has entered into term sheets or letters of intent for
the acquisition of seven prospective blocks in Colombia, Peru and Paraguay
totaling over 3 million acres. Petrodorado's approximate average working
interest in these blocks will be 50% and it will have operatorship on three of
the seven blocks.


Upon completion of the Acquisition Cap-Link will continue to hold its interest
in the Cheney Ranch Project in Fresno County, California.


Transaction Terms

The purchase price for the Petrodorado shares will be satisfied by the issuance
of 125,000,000 common shares of Cap-Link.


Cap-Link currently has outstanding 53,913,333 common shares, share purchase
warrants to acquire 44,433,333 common shares at a price of $0.12 until March 28,
2010, and options to acquire 1,280,000 common shares at a price of $0.10 until
March 28, 2013. As a condition to the Acquisition, Cap-Link has agreed to cancel
42,783,333 of the outstanding share purchase warrants.


The Company currently has approximately $2,200,000 of working capital. The
Company has engaged Canaccord Capital Corporation as lead agent on behalf of a
syndicate of agents including Genuity Capital Markets, Macquarie Capital Markets
Canada Ltd. and Raymond James Ltd. to raise the Company on a private placement
best efforts agency basis up to $75,000,000 at a price to be determined in the
context of the market. The financing proceeds will be used to fund exploration,
development, and acquisition of oil and gas properties by Petrodorado and for
general corporate purposes.


Upon the closing of the Acquisition and the financing the Company expects that
the number of common shares issued in connection with the financing will result
in the shareholders of Petrodorado holding in aggregate less than 50% of the
then outstanding common shares of the Company and no shareholder of Petrodorado
owning more than 20% of the outstanding common shares of the Company.


Board Changes

Upon completion of the Acquisition the board of directors of the Company will
consist of six directors, three of whom will be nominees of Petrodorado.


CAP-LINK VENTURES LTD.

J. Stephen Barley, President & CEO

This press release does not constitute an offer to purchase securities. The
securities to be offered in the offering have not been and will not be
registered under the United States Securities Act of 1933, as amended, or any
state securities laws and may not be offered or sold in the United States or to,
or for the benefit or account of, a U.S. person, except pursuant to an available
exemption from such registration requirements.


Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information
presented constitutes "forward looking statements". Such forward-looking
statements, including but not limited to those with respect to the closing of
the Acquisition and the financing, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company or
Petrodorado to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Although
the Company has attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.


Shares Outstanding: 53,913,333
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