CaiTerra International Energy Corporation has completed the purchase of its previously announced acquisition of an undivided 100% beneficial interest in and to a total of 135.68 square kilometers of oil and gas leases located in northern and central Alberta (the "Acquisition"). Pursuant to the Acquisition, CaiTerra issued 1,000,000 common shares of the capital stock of Caiterra to the vendor.
In addition, the Company announces the resignation from Craig Robson from the Board of Directors of the Company. Mr. Robson will continue as an advisor to the Company going forward. Caiterra's management would like to thank Mr. Robson for his many contributions in the development and to the management of the Company over the past years.