Cap-Link Announces $75 Million Financing

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

Cap-Link Ventures Ltd. (the "Company") (TSX VENTURE:CAV) announces that, further
to its press release of November 3, 2009, it proposes to raise up to CDN$75
million by way of a private placement of subscription receipts. The issue price
for each subscription receipt will be CDN$0.35. Each subscription receipt will
entitle the holder to receive one unit of the Company without payment of any
additional consideration, on satisfaction of certain conditions. Each unit will
be comprised of one common share of the Company and one common share purchase
warrant. Each whole warrant will entitle the holder to purchase one common share
of the Company at a price equal to CDN$0.35 per share for the period expiring 36
months following the closing date of the private placement offering. The Company
will have the right to accelerate the expiry date of the warrants to 30 days
from the date of notice once the 20 day volume weighted average price of the
Company's common shares has become equal to, or greater than, CDN$0.90. The
securities will be subject to a four-month hold period under applicable
securities laws, commencing on the closing of the offering.


The Company has appointed Canaccord Capital Corporation as lead agent and book
runner of a syndicate that includes Genuity Capital Markets, Macquarie Capital
Markets Canada Inc. and Raymond James Inc. (collectively, the "Agents") to act
as the Company's agents in connection with the private placement on a reasonable
best efforts basis. The Company will pay the Agents a commission of 6.0% on the
gross proceeds raised from the private placement.


The closing of the private placement is expected to occur on or about December
3, 2009 and is subject to the receipt of all necessary regulatory and stock
exchange approvals. Upon closing of the offering, the proceeds from the sale of
the subscription receipts will be deposited in escrow and will be released to
the Company upon the satisfaction by the Company of certain conditions,
including the closing by the Company of the previously announced acquisition of
Petrodorado Ltd. ("Petrodorado"). The proceeds from the offering will be used to
fund exploration and development activities on Petrodorado's South American oil
and gas properties and for general corporate purposes.


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 financing and the acquisition or Petrodorado Ltd. 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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