Mr. Jeffrey Ciachurski reports

CAPTIVA VERDE CLOSES 1ST TRANCHE OF PRIVATE PLACEMENT

Captiva Verde Industries Ltd., further to its news release of Aug. 10, 2015, has closed the first tranche of the non-brokered private placement of units of the company at 26.25 cents per unit for gross proceeds for the first tranche of approximately $346,250.

The first tranche closing consisted of 1,319,047 units. 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 entitles the holder to purchase one additional share at a price of 35 cents per share until Sept. 4, 2016.

In connection with the first tranche of the offering, the company paid cash commissions in the amount of $34,625, being 10 per cent of the aggregate proceeds raised from the sale of units to purchasers introduced by eligible finders. The company also issued non-transferable warrants (the finder's warrants) to acquire a total of 49,142 shares, being 6 per cent of the number of units sold under the first tranche of the offering to purchasers introduced by eligible finders. Each finder's warrant entitles the holder to purchase one share at a price of 35 cents per share until Sept. 4, 2020.

All securities issued in connection with the first tranche of the offering will be subject to a statutory hold period expiring on Jan. 5, 2016. Captiva will use the net proceeds from the first tranche of the offering for its organic farming plan, and for general and administrative expenses.

The company will be proceeding with the next tranche of the offering.

We seek Safe Harbor.