Mr. Jeffrey Ciachurski reports

CAPTIVA VERDE ANNOUNCES SHARES ISSUANCE

Captiva Verde Industries Ltd. will issue one million common shares in the capital of the company at a deemed price of 26.682 cents per share to Jeffrey J. Ciachurski, the chief executive officer and a director of the company, as consideration in connection with the personal guarantee Mr. Ciachurski made on certain trade payables owing by the company to arm's-length parties in the aggregate amount of $4,114,076.59 (U.S.) ($5,445,391.78 (Canadian)). The issuance of the shares is a one-time payment, representing 4.9 per cent of the trade payables, and is paid in connection with the significant personal financial risk Mr. Ciachurski assumed by guaranteeing the trade payables.

The issuance of the shares is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange. The bonus shares will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The issuance of the shares is not subject to shareholder approval nor valuation requirements of Multilateral Instrument 61-101 (protection of minority securityholders in special transactions) as the consideration is not more than 25 per cent of the company's current market capitalization.

We seek Safe Harbor.