Mr. Craig Robson reports

CAITERRA INTERNATIONAL ENERGY CORP. ANNOUNCES BOARD OF DIRECTORS AND MANAGEMENT CHANGES AND ADDITIONS

Caiterra International Energy Corp. has made changes and additions to its board of directors and management team as follows:

The directors of Caiterra are very pleased to announce that Songning Shen, MSc, PGeol, of Calgary, Alta., has accepted invitations to join the board of directors and assume the position of chief executive officer of the company.

Mr. Shen brings years of successful experience in the petroleum industry having first trained in China and later in Norway. His career and early acclaim started in 1986 when working with Bohai Co. (a subsidiary of China National Offshore Oil Corp.), he was credited with the discovery of the biggest offshore China oil pool. Upon moving to Canada in 1998, Mr. Shen was employed by Petro-Canada and Nexen, before becoming an oil sands exploration manager for Connacher Oil and Gas Ltd. and oil sands consultant for Koch Exploration Canada LP. Prior to accepting the directorship and CEO position at Caiterra, Mr. Shen was co-founder, president and co-chairman of Sunshine Oilsands Ltd. in Calgary, Alta.

In addition, Steve Deniels of Richmond, B.C., has also agreed to join the company as a director and a member of the audit committee. Mr. Deniels, who holds a bachelor's degree in economics from Beijing University, brings over 20 years of respected financial management and investment experience in both private and publicly traded companies in China and abroad.

Further, a board of advisers has been formed to assist the directors and management team in developing and achieving corporate objectives. To this end, Xiang Pu has volunteered to step down as a director in order to take up the position of chairman of the board of advisers. Management would like to acknowledge and thank Mr. Pu for his insight and contributions to date and looks forward to working with him and his advisory board team in the future.

Subject to regulatory approval, the board of directors now comprises: Songning Shen, CEO; Wei (David) Wu, chairman of the board; Yong Deng; Lu Baojiang; William Grossholz, chief financial officer; and Craig Robson.

We seek Safe Harbor.