Mr. Songning Shen reports

CAITERRA INTERNATIONAL ENERGY CORPORATION ANNOUNCES CLOSING OF FIRST TRANCHE OF PREVIOUSLY ANNOUNCED FLOW THROUGH FINANCING

Caiterra International Energy Corp. has closed the first tranche of its previously announced private placement financing of common and flow-through shares, and has issued a total of two million common shares of the company on a flow-through basis pursuant to the Income Tax Act (Canada) at a price of 25 cents per flow-through share for total proceeds of $500,000.

The company will renounce eligible Canadian exploration expenses in an amount equal to the total gross proceeds to the subscribers prior to Dec. 31, 2014. The net proceeds from the sale of the flow-through shares will be used to finance the company's exploration program in Northern Alberta, qualifying as Canadian exploration expenses within the meaning of the Income Tax Act (Canada).

The offering has received conditional approval from the TSX Venture Exchange. The flow-through shares have been issued subject to a four-month hold period.

We seek Safe Harbor.