CaiTerra International Energy Closes Private Placement

CaiTerra International Energy Corp. (TSX VENTURE:CTI) (the "Company") is pleased
to announce that is has completed its private placement as previously announced
on October 16, 2012 of 3,684,211 common shares (the "Shares") at a price of
$0.19 per Share for aggregate gross proceeds of $700,000 (the "Offering").


All Shares issued pursuant to the Offering are subject to a hold period of four
months and one day after closing of the offering under applicable Canadian
securities laws and the policies of the TSX Venture Exchange.


The Company did not pay any finder's fee in connection with the Offering.

The proceeds of the Offering are intended to be used for working capital of the
Company.


ON BEHALF OF THE BOARD

Craig Robson, Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT: 
CaiTerra International Energy Corp.
Craig Robson
Chief Executive Officer and Director
778.329.9629
craig@copperpointmining.ca

CaiTerra International Energy (TSXV:CTI)
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