Cap-Link Ventures Ltd.: Petrodorado Successfully Completes New Discovery Well ME-1 in Colombia and Plans a Second Well in the Sa

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Cap-Link Ventures Ltd. (the "Company" or "Cap-Link") (TSX VENTURE:CAV) announces
that its wholly owned subsidiary Petrodorado Ltd. ("Petrodorado") along with its
joint venture partner Pacific Rubiales Energy Corp. ("PRE") has successfully
completed a new discovery well ME-1 as a Mirador producer on the Moriche block
in the Llanos Basin of Colombia.


The Moriche block is part of a 5 block joint venture previously announced on
November 24, 2009 between PRE and Petrodorado in Colombia and Peru.


The directional well was drilled to a total measured depth of 10,182 feet with
the primary target of Mirador (9,531 feet to 9,770 feet measured depth, true
vertical depth of 9,130 feet). The well encountered a net oil column of 32 feet
(true vertical depth) with 21.3% porosity and oil saturation of 71.3% based on
petrophysical analysis.


The well was tested with two different pump systems; a jet pump yielded a peak
oil rate of 650 barrels of oil per day (bopd) of 14 degree API oil, while an
Electric Submersible Pump (ESP) yielded a peak oil rate of 693 bopd of 14 degree
API oil.


The well will be completed with an ESP and put into production within the next
40 days. A second well is scheduled to be drilled on the same structure during
the second quarter of 2010.


Petrodorado has a 49.5% beneficial interest in this prospect.

Krishna Vathyam, President and CEO of Cap-Link stated:

"We are very pleased with our first well drilled in 2010 to be a commercial
discovery, and especially pleased with the thickness and quality of the Mirador
zone and are eager to drill the second well in the same structure at the
earliest possible opportunity to optimize hydrocarbon recovery.


This discovery will provide early cash flow and further strengthen our already
strong financial position."


Change of Fiscal Year End and New Web Site

Cap-Link is also pleased to announce the change of its fiscal year end from
October 31 to December 31 and the launching of Petrodorado's new official web
site at www.petrodorado.com.


CAP-LINK VENTURES LTD.

Krishna Vathyam, 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 Colombian governmental and/or
regulatory approvals, the potential results of the ME-1 well or further planned
wells, 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 are cautioned that the assumption used in the preparation of the
forward-looking statements, although considered reasonable at the time of
preparation may prove to be imprecise and, as such undue reliance should not be
placed on forward-looking statements.


The forward-looking statements contained in this press release are made as of
the date of this press release. Except as required by law, the Company and
Petrodorado disclaim any intention and assume no obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by applicable securities law.
Additionally, the Company and Petrodorado undertake no obligation to comment on
the expectations of, or statements made, by third parties in respect of the
matters discussed above.

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