LTX Labrador Resources Inc

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA) 

Labrador Technologies Inc. ("LTI" or "Labrador")  (TSX VENTURE:LTX) is pleased
to announce a non-brokered private placement of up to 20,000,000 units of
Labrador ("Units"), at a price of $0.05 per Unit, for gross proceeds of up to
$1,000,000 (the "Offering"). Each Unit will consist of one (1) common share in
the capital of LTI ("Common Share"), and one (1) common share purchase warrant
("Warrant"), with each Warrant entitling the holder thereof to purchase one (1)
common share in the capital of the Corporation (a "Warrant Share") at a price of
$0.10 per Warrant Share for a period of three (3) years following the closing of
the Offering. 


The proceeds of the Offering will be used for expanding eTriever's market launch
into all sectors of the Oil & Gas industry, for increasing and broadening
eTriever R&D, for further enhancing the Labrador(R) Tools, and for general
working capital.  This eTriever(R) deployment phase will be bolstered by LTI's
logical growth and extension with its partners into eTriever accessing data from
proprietary databases, a stronghold of Labrador expertise powered by the
Labrador(R) Tools.


The Offering is subject to receipt of all necessary regulatory approvals. The
securities issued pursuant to the Offering will be subject to a four (4) month
hold period from the date of the closing of the Offering. The Offering is being
undertaken on a non-brokered basis; however, LTI may pay a cash finders' fee of
up to ten percent (10%) on the gross proceeds raised pursuant to the Offering
and issue finders' warrants ("Finders' Warrants") equal to ten percent (10%) of
the number of Units issued pursuant to the Offering to eligible persons in
accordance with applicable laws. Each Finders Warrant will be exercisable into
one (1) Common Share at a price of $0.10 for a period of three (3) years
following the closing of the Offering.


Labrador eTriever is a secure, web-based, generic data retriever, which thrives
in complex database environments such as the Oil & Gas industry. eTriever goes
well beyond conventional methods of oil and gas data retrieval to provide
wireless data access using such devices as the BlackBerry(TM), the iPhone(TM),
the iPad(TM) and other Tablets.


Advisory

Certain information regarding Labrador set forth in this news release, including
the closing of the Offering, the use of proceeds of the Offering may constitute
forward-looking statements under applicable securities laws and necessarily
involve substantial known and unknown risks and uncertainties.


The forward-looking statements contained in this document are made as at the
date of this news release and Labrador does not undertake any obligation to
update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
may be required by applicable securities laws.

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