CaiTerra International Energy Corp. Announces Board of Directors and Management Changes and Additions

CaiTerra International Energy Corporation ("CaiTerra" or the "Company") (TSX
VENTURE:CTI) announces that changes and additions have been made to its board of
directors and management team as follows: 


The directors of CaiTerra are very pleased to announce that Mr. Songning Shen,
M.Sc., P.Geol, of Calgary, Alberta, has accepted invitations to join the board
of directors and assume the position of Chief Executive Officer of the Company. 


Mr. Shen brings years of successful experience in the petroleum industry having
first trained in China and later in Norway. His career and early acclaim started
in 1986 when working with Bohai Co., (a subsidiary of China National Offshore
Oil Corp.) he was credited with the discovery of the biggest offshore China oil
pool. Upon moving to Canada in 1998, Mr. Shen was employed by Petro-Canada and
Nexen, before becoming an oilsands exploration manager for Connacher Oil and Gas
Ltd. and oilsands consultant for Koch Exploration Canada LP. Prior to accepting
the directorship and CEO position at Caiterra, Mr. Shen was co-founder,
president and Co-Chairman of Sunshine Oilsands Ltd. in Calgary, Alberta.


In addition, Mr. Steve Deniels of Richmond, B.C. has also agreed to join the
Company as a director and a member of the Audit Committee. Mr. Deniels, who
holds a bachelor's degree in economics from Beijing University, brings over 20
years of respected financial management and investment experience in both
private and publicly traded companies in China and abroad. 


Further, a Board of Advisors has been formed to assist the directors and
management team in developing and achieving corporate objectives. To this end,
Mr. Xiang Pu has volunteered to step down as a director in order to take up the
position of Chairman of the Board of Advisors. Management would like to
acknowledge and thank Mr. Pu for his insight and contributions to date and looks
forward to working with him and his advisory board team in the future. 


Subject to regulatory approval, the Board of Directors is now comprised of: Mr.
Songning Shen, CEO; Mr. Wei (David) Wu, Chairman of the Board; Mr. Yong Deng;
Mr. Lu Baojiang; Mr. William Grossholz, CFO, and Craig Robson. 


Cautionary Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


A Note regarding Forward-Looking Information

This press release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any of
the words "will", "expects", "believe", "plans", "potential" and similar
expressions are intended to identify forward-looking statements or information.
More particularly and without limitation, this press release contains forward
looking statements and information concerning the plans and timing for the
Company's drilling program. The Company cautions that there are no assurances or
guarantees that the transaction will be completed as proposed or at all. 


Although the Company believes that the expectations and assumptions on which
such forward looking statements and information are based are reasonable, undue
reliance should not be placed on the forward-looking statements and information
because the Company can give no assurance that they will prove to be correct.


Since forward-looking statements and information address future events and
conditions, by their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently anticipated due to a
number of factors and risks. These include, but are not limited to, the risks
associated with the oil and gas industry in general such as operational risks in
development, exploration and production; delays or changes in plans with respect
to exploration or development projects or capital expenditures; the uncertainty
of reserve and resource estimates; the uncertainty of estimates and projections
relating to reserves, resources, production, costs and expenses; health, safety
and environmental risks; commodity price and exchange rate fluctuations;
marketing and transportation; loss of markets; environmental risks; competition;
incorrect assessment of the value of acquisitions; failure to realize the
anticipated benefits of acquisitions; ability to access sufficient capital from
internal and external sources; changes in legislation, including but not limited
to tax laws, royalties and environmental regulations, actual production from the
acquired assets may be greater or less than estimates; failure to obtain the
necessary regulatory approval, stock exchange and other regulatory approvals on
the timelines planned. Management has included the above summary of assumptions
and risks related to forward looking information provided in this press release
in order to provide security holders with a more complete perspective on the
Company's future operations and such information may not be appropriate for
other purposes.


The forward-looking statements and information contained in this press release
are made as of the date hereof and the Company undertakes no obligation to
update publicly or revise any forward-looking statements or information, whether
as a result of new information, future events or otherwise, unless so required
by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CaiTerra International Energy Corporation
Craig Robson
Director
[phone]