Labrador Technologies Inc. Announces Grant of Incentive Stock Options

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Labrador Technologies Inc. ("LTI" or "Labrador") (TSX VENTURE:LTX) announces
that pursuant to the terms and conditions of its Stock Option Plan, it has
granted, in the aggregate, 3,460,000 incentive stock options to purchase Common
Shares of Labrador (the "Options"), to certain of its Directors, Officers,
Employees and Consultants. The Options are exercisable over a three year period
at an exercise price of $0.10 per share, with 33.3% vesting immediately, 33.3%
in one year, and the final 33.3% vesting in two years. Following the grant of
the Options, LTI will have 802,613 options available for issuance pursuant to
its Stock Option Plan.


Labrador(R) eTriever is a secure, web-based, generic data retriever, which
thrives in complex database environments such as the Oil & Gas industry.
eTriever(TM) goes well beyond conventional methods of oil and gas data retrieval
to provide wireless data access using such devices as the BlackBerry(TM), the
iPhone(TM), and the iPad(TM).


Advisory

Certain information regarding Labrador set forth in this news release, including
the closing of the Increased Offering, the use of proceeds of the Offering may
constitute forward-looking statements under applicable securities laws and
necessarily involve substantial known and unknown risks and uncertainties. The
forward-looking statements contained in this document are made as at the date of
this news release and Labrador 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.