Labrador Technologies Inc. Announces Debt Conversion, Private Placement Financing and Resignation of Officer

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Labrador Technologies Inc. ("LTI" or "Labrador"), (TSX VENTURE:LTX) is pleased
to announce the proposed conversion of certain existing debt into common shares
and a concurrent private placement.


Debt Conversion

Certain existing creditors of LTI have together agreed to convert their combined
existing subordinated debt, including accrued interest, of approximately
$247,500 into approximately 2,750,000 common shares of Labrador. The
subordinated debt is being converted at $0.09 per common share (with no
warrant), which is a 20% premium to the closing price of the Labrador common
shares on March 16, 2010 of $0.075. Closing of the Debt Conversion is expected
to occur on or before April 19, 2010.


Private Placement

Concurrent with the Debt Conversion, Labrador will complete a non-brokered
private placement (the "Private Placement") for up to 5,000,000 units of
Labrador ("Units"), at a price of $0.10 per Unit, for proceeds of up to
$500,000. Each Unit will consist of one (1) common share ("Common Share") of
LTI, and one half (1/2) common share purchase warrant ("Warrant"), with each
Warrant exercisable at a price of $0.20 per Common Share, for a period of 24
months following the Closing Date. No agent has been retained in connection with
the Private Placement; however, LTI may pay a finder's fee to qualified persons
in accordance with applicable securities regulations. Closing of the Private
Placement is expected to occur on or before April 19, 2010.


On November 6th, 2009, LTI signed a global strategic agreement with IHS Inc.
(IHS) to distribute LTI's eTriever(TM) (www.ihs.com/etriever) web application
bundled with IHS Canadian Oil and Gas Critical Information. Labrador requires
the proceeds from the Private Placement to provide working capital to eliminate
accrued liabilities and to underwrite continued eTriever development to support
this agreement. 


The Debt Conversion and the Private Placement are subject to the approval of the
TSX Venture Exchange Inc. (the "TSXV") and the receipt of all other necessary
regulatory approvals.


Resignation

Labrador announces that it has accepted the resignation of Ms. Kris Majury as
President. The Board of Directors thanks Ms. Majury for her work on behalf of
LTI and wishes her well in her future endeavors. The Board of directors has
re-appointed Mr. Ronald Sterne as President of Labrador.


Labrador eTriever is a secure, web-based, generic data retriever, which thrives
in complex database environments such as the Oil & Gas industry. eTriever(TM)
goes beyond conventional oil and gas web access to provide wireless data
retrieval for smartphones such as BlackBerry(TM) and iPhone(TM). Labrador
(labradortechnologies.com) trades on the TSX Venture under the symbol "LTX."


Note Regarding Forward-Looking Statements

This news release contains forward-looking statements relating to the completion
of the Debt Conversion and the Private Placement in order to take advantage of
opportunities available in the current environment, Labrador's growth and
business plans and business opportunities. Forward-looking statements typically
use words such as "anticipate", "believe", "project", "expect", "plan", "intend"
or similar words suggesting future outcomes, statements that actions, events or
conditions "may", "would", "could" or "will" be taken or occur in the future.
These statements are based on certain factors and assumptions regarding the
receipt of necessary regulatory approvals, expected growth, results of
operations, performance, business prospects and opportunities. While we consider
these assumptions to be reasonable based on information currently available to
us, they may prove to be incorrect. By their nature, forward-looking statements
involve numerous risks and uncertainties and other factors that contribute to
the possibility that the predicted outcome will not occur, including, without
limitation, risks associated with a failure to obtain the necessary approvals to
complete the Debt Conversion and the Private Placement, the demand for the
Company's services, competition, inability to retain personnel and customers,
delays resulting from or inability to obtain required regulatory approvals and
ability to access sufficient capital from internal and external sources. Readers
are cautioned that the foregoing list of factors is not exhaustive. Although
Labrador believes that the expectations represented in such forward-looking
statements are reasonable, there can be no assurance that such expectations will
prove to be correct. As a consequence, actual results may differ materially from
those anticipated in the forward-looking statements and you should not unduly
rely on forward looking statements. The forward-looking statements contained in
this news release are made as the date of this new release and the company does
not undertake any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.