Petrodorado Signs a Definitive Agreement With Pacific Rubiales Energy Corp. for the Tacacho Block in Colombia and Cap-Link Welco

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Cap-Link Ventures Ltd. (the "Company" or "Cap-Link") (TSX VENTURE:CAV) announces
that its wholly owned subsidiary Petrodorado Ltd. ("Petrodorado") has signed a
definitive agreement with Pacific Rubiales Energy Corp. ("PRE") to farm-in on
the Tacacho Block in Colombia. The Tacacho Block is a part of a five block joint
venture previously announced on November 24, 2009 between PRE and Petrodorado in
Colombia and Peru. In addition, Mr. Douglas Urch has joined Cap-Link as a
Director effective January 25, 2010 following the resignation of Mr. Iftikar A.
Ahmed.


Krishna Vathyam, President and CEO of Cap-Link stated:

"We are looking forward to working closely with PRE over the upcoming years and
successfully bringing this significant opportunity to fruition. Furthermore, the
Joint Ventures between the two companies provide Petrodorado an excellent
portfolio of critical mass assets that, when combined with our other projects,
provide our Company with near term and long term exposure to high potential
resource projects both in Colombia and Peru".


Tacacho Block

Petrodorado has acquired a 49.5% working interest in the Tacacho Block located
in the Putumayo Basin of Colombia. In exchange, Petrodorado will provide 100% of
the total investment required to complete the first phase of the minimum
exploration program ("MEP") for the block, equal to US$8.0 million.


The Tacacho block measures approximately 599,000 hectares and is located in the
foreland basin of the Putumayo mountain range, in the Eastern Cordillera of
Colombia. The area lies along a prominent structural high that trends north
northwest from Ecuador and continues through the Tacacho Block.


The 24 month-long first exploration phase of the MEP requires a minimum
investment of US$8.0 million, which will be spent on the acquisition, processing
and interpretation of 480 kilometers of 2D seismic. PRE will retain a 50.5%
working interest in the block.


Petrodorado's working interest is subject to Colombian governmental and/or
regulatory approvals.


Appointment of a New Director

Cap-Link is pleased to announce that Mr. Douglas Urch has been appointed a
Director of the Company effective January 25, 2010. Mr. Urch is Executive VP,
Finance and CFO of Bankers Petroleum Ltd. a Canadian based public oil and gas
company with heavy oil assets in Albania and current production exceeding 8,000
bopd. 


From September 2000 until January 2008, Mr. Urch was VP, Finance and CFO of
Rally Energy Corp., which had heavy oil operations in Egypt. Previously, Mr.
Urch provided financial management services for a variety of public and private
companies. He has over 25 years of oil and gas industry experience, is a
Certified Management Accountant (CMA) and holds a Bachelor of Commerce degree
from the University of Calgary. Mr. Urch will also act as Chairman of Cap-Link's
Audit Committee.


Mr. Urch replaces Mr. Iftikar A. Ahmed who resigned as a director of Cap-Link
effective January 19, 2010. Mr. Ahmed has been involved with Petrodorado since
inception and has been an integral part of its development through to the
acquisition of Petrodorado by Cap-Link. The Board of Directors and Officers of
the Company thank him for his many valuable contributions and wish him continued
success in his business endeavors.


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 Colombian government and/or regulatory
approvals, 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 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 and
Petrodorado 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 and Petrodorado undertake no obligation to comment on
the expectations of, or statements made, by third parties in respect of the
matters discussed above.