Mr. Jeffrey Ciachurski reports

CAPTIVA VERDE CLOSES FURTHER TRANCHE OF PRIVATE PLACEMENT

Captiva Verde Industries Ltd., further to its news release of July 17, 2015, has closed the third and fourth tranches of its non-brokered private placement of units of the company at 25 cents per unit for total gross proceeds of $225,000.

The third tranche closing consisted of 200,000 units for gross proceeds of $50,000 and the fourth tranche closing consisted of 700,000 units for gross proceeds of $175,000. Each unit consisted of one common share in the capital of the company plus one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share at a price of 30 cents for a period of one year from the date of issuance.

In connection with the offering, the company has paid cash commissions in the amount of $5,000 for the third tranche and $17,500 for the fourth tranche, being 10 per cent of the total proceeds from the sale of units to purchasers introduced by the finders. The company has also issued non-transferable warrants to acquire a total of 12,000 shares for the third tranche and finder warrants to acquire a total of 42,000 shares for the fourth tranche, being 6 per cent of the number of units sold under the offering to purchasers introduced by the finders. Each finder warrant entitles the holder to purchase one share at a price of 30 cents per share for a period of five years from the date of issuance.

All securities issued in connection with the offering are subject to a statutory hold period of fourth months plus a day, in accordance with applicable securities legislation, ending on Nov. 25, 2015, for the third tranche and ending on Nov. 27, 2015, for the fourth tranche. The net proceeds received from the offering will be used by the company to advance its farming plan.

The company will be proceeding with a further tranche of the offering.

We seek Safe Harbor.