Cap-Link Closes $75 Million Financing and Enters Into Definitive Agreement to Acquire Petrodorado Inc.

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

Cap-Link Ventures Ltd. (the "Company") (TSX VENTURE:CAV) announces that, further
to its press releases of November 3, 2009 and November 20, 2009, it has closed a
CDN$75 million financing (the "Financing") and has entered into a definitive
agreement with Petrodorado Ltd. ("Petrodorado") and all of the shareholders of
Petrodorado to acquire all of the outstanding shares of Petrodorado (the
"Acquisition").


Financing

The Company issued 214,285,000 subscription receipts at an issue price of
CDN$0.35 per subscription receipt for gross proceeds of $75 million. Each
subscription receipt entitles the holder to receive one unit of the Company
without payment of any additional consideration, on satisfaction of certain
conditions. Each unit will be comprised of one common share of the Company and
one common share purchase warrant. Each whole warrant will entitle the holder to
purchase one common share of the Company at a price equal to $0.35 per share for
the period expiring 36 months following the closing date of the Financing. The
Company will have the right to accelerate the expiry date of the warrants to 30
days from the date of notice once the 20 day volume weighted average price of
the Company's common shares has become equal to, or greater than, $0.90. The
securities will be subject to a four-month hold period under applicable
securities laws.


Canaccord Capital Corporation acted as lead agent and book runner of a syndicate
that included Genuity Capital Markets, Macquarie Capital Markets Canada Inc. and
Raymond James Inc. (collectively, the "Agents"). The Agents will be paid a
commission of 6.0% on the gross proceeds raised from the Financing.


The proceeds from the Financing have been deposited in escrow and will be
released to the Company upon the satisfaction of certain conditions, including
the closing of the Acquisition. The proceeds will, upon release, be used to fund
exploration and development activities on Petrodorado's South American oil and
gas properties and for general corporate purposes.


Acquisition

The Company has agreed to acquire all of the shares of Petrodorado for a
purchase price to be satisfied by the issuance of 125,000,000 common shares of
the Company. Closing of the Acquisition continues to be subject to a number of
conditions, including: (a) the approval of the TSX Venture Exchange ("TSXV");
(b) the approval of the shareholders of the Company; (c) the cancellation of
certain share purchase warrants of the Company; (d) closing occurring not later
than January 31, 2010; and (e) other customary closing conditions.


The Company will endeavor to file with the TSXV by mid December the materials
necessary to obtain TSXV approval. The Company is hopeful that the conditions to
closing the Acquisition will be satisfied and the Acquisition will close by
December 31, 2009, however there can be no assurance closing will occur by this
date. If the Acquisition does not close by January 31, 2010 the proceeds will be
returned to the subscribers.


CAP-LINK VENTURES LTD.

J. Stephen Barley, President & CEO

This press release does not constitute an offer to purchase securities. The
securities to be offered in the offering have not been and will not be
registered under the United States Securities Act of 1933, as amended, or any
state securities laws and may not be offered or sold in the United States or to,
or for the benefit or account of, a U.S. person, except pursuant to an available
exemption from such registration requirements.


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 those with respect to the closing of
the acquisition of Petrodorado Ltd. and the release of the escrow funds,
uncertainties and other factors which may cause the actual results, performance
or achievements of the Company or Petrodorado 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 should not place undue
reliance on forward-looking statements.


Shares Outstanding: 53,913,333