Mr. Songning Shen reports

CAITERRA INTERNATIONAL ENERGY CORPORATION ANNOUNCES CLOSING OF ACQUISITION OF UNDEVELOPED OIL AND GAS LEASES AND RESIGNATION OF DIRECTOR

Caiterra International Energy Corp. has completed the purchase of its previously announced (news release dated July 28, 2014) acquisition of an undivided 100-per-cent beneficial interest in and to a total of 135.68 square kilometres of oil and gas leases located in Northern and central Alberta. Pursuant to the acquisition, Caiterra issued one million common shares of the capital stock of Caiterra to the vendor.

In addition, the company announces the resignation of Craig Robson from the board of directors of the company. Mr. Robson will continue as an adviser 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.