Cap-Link Appoints a New Director and Announces Option Grants

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Cap-Link Ventures Ltd. (the "Company" or "Cap-Link") (TSX VENTURE:CAV) is very
pleased to announce that Mr. Gregg Vernon has been appointed a director of the
Company effective January 31, 2010. 


Mr. Vernon graduated from the University of Alberta with an Engineering degree
in 1977, and is a member of the Society of Petroleum Engineers, CWLS and APEGGA.
Mr. Vernon is a Professional Engineer with 31 years in the petroleum industry
including international operations, reservoir characterization, negotiations,
and project management. 


Mr. Vernon was one of the founders of Petro Andina Resources and a founder and
Chairman of Prospero Hydrocarbons Inc. a private company which operated in
Colombia. Mr. Vernon is currently a director of Northern Hemisphere Development
Corp. and President of EnCanSol Corp.


Of note, Mr. Vernon was the General Manager, China as well as Engineering and
Project Administration Manager on the White Rose project for Husky Energy. He
was also the Vice President, COO and Director of Netherfield Energy Corporation
operating in Argentina. 


Mr. Vernon's diverse executive, technical and international experience will be a
strong asset to the Company's Board of Directors. He will also serve as Chairman
of Cap-Link's Reserves Committee. 


Mr. Vernon's appointment follows the resignations of Mr. Stephen Barley and Mr.
Kurt Bordian who resigned as directors of Cap-Link effective January 31, 2010.
Both Mr. Barley and Mr. Bordian have been involved with Cap-Link since inception
and have been an integral part of its development through to the acquisition of
Petrodorado Ltd. by Cap-Link. The Board of Directors and Officers of the Company
wish to thank Mr. Barley and Mr. Bordian for their many valuable contributions
and wish them continued success in their business endeavors.


Option Grants

Cap-Link's Board of Directors approved on January 31, 2010 the grant of options
to acquire 28 million common shares of the Company at a price of $0.49 per
common share which is Cap-Link's closing price on the TSXV on Friday January 29,
2010. The options are exercisable on or prior to January 31, 2015 subject to the
provisions of the Company's stock option plan.


Each grant of options is for a five year term, expiring on January 31, 2015. The
options vest over three years (1/3 on issuance and 1/3 on each the first and
second anniversary of the grant date). 


Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information
presented constitutes "forward-looking statements". Such forward-looking
statements, including but not limited to uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Although the Company
has attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers are cautioned that the assumption used in the preparation of the
forward-looking statements, although considered reasonable at the time of
preparation may prove to be imprecise and, as such undue reliance should not be
placed on forward-looking statements.


The forward-looking statements contained in this press release are made as of
the date of this press release. Except as required by law, the Company disclaim
any intention and assume no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by applicable securities law. Additionally, the Company
undertakes no obligation to comment on the expectations of, or statements made,
by third parties in respect of the matters discussed above.