CaiTerra International Energy Sells Percentage of Undeveloped Mineral Rights in the Faust Area of Alberta

CaiTerra International Energy Corporation ("CaiTerra" or the "Company") (TSX
VENTURE:CTI) is pleased to announce that it has completed the sale of an
additional 25% interest in certain undeveloped mineral rights in the Faust area
of Alberta (the "Faust Property") to an arm's length Alberta private company
(the "Purchaser"). 


The Faust Property was acquired by CaiTerra on December 14, 2012 and is located
just north of the prolific Swan Hills oil field and west of Black Pearl
Resources Inc.'s Mooney Pool producing oil property and south of the Town of
Slave Lake. The lands forming the Faust Property are Crown leases with varying
expiry dates. The Faust Property comprises approximately 12,400 net acres
(approximately 20 sections) of lands of interest that are not subject to expiry
for the next 3 years and a further 560 net acres (0.88 of a section) of lands of
interest that have been continued through to the end of March 2014.


The disposition was completed in accordance with the terms of a definitive
purchase and sale agreement entered into with the Purchaser. At closing, in
consideration for a cash payment of CDN $1,000,000 (subject to adjustments), the
Purchaser purchased an additional 25% interest in and to the Faust Property with
the result that CaiTerra and the Purchaser now each own a 50% interest in the
Faust Property. Further details regarding the terms of the transaction are set
out in the definitive purchase and sale agreement which will be filed on
CaiTerra's profile on SEDAR at www.sedar.com.


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.


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