Labrador Technologies Inc. Announces Private Placement Financing

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Labrador Technologies Inc. ("LTI" or "Labrador") (TSX VENTURE:LTX) is pleased to
announce a non-brokered private placement (the "Private Placement") for between
2,000,000 and 20,000,000 units of Labrador ("Units"), at a price of $0.10 per
Unit, for proceeds of between $200,000 and $2,000,000, of which $200,000 has
been secured. While no agent has formally been retained in connection with the
Private Placement, LTI may pay a 'finders fee' to qualified persons pursuant to
available securities laws exemptions.


The minimum investment requirement, per qualified individual, is $10,000
(100,000 Units), and the closing date (the "Closing Date") will be on or before
April 3, 2009. 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 12
months following the Closing Date.


Labrador requires the proceeds from this Private Placement to provide sufficient
capital to fund its Strategic Business Plan, including the further development
and Sales/Marketing of its eTriever(TM) product, particularly in the context of
Calgary's Oil & Gas Data Centres.


Labrador eTriever (www.etriever.com) is a secure, web-based, very cost
effective, generic data retriever, which thrives in complex database
environments, such as the oil and gas industry. As a web-based offering,
eTriever(TM) requires no installation, no CD updates, and no maintenance - while
providing "minimal-click" search, reporting, and exporting capabilities, as well
as employing both Microsoft(R)'s Virtual Earth and Google(R) Map to view
satellite imagery mapping. Further, eTriever(TM) goes well beyond conventional
oil and gas web access to provide wireless data retrieval for proven hand-held
devices, such as BlackBerries(TM), Palm(R) Treos(TM), Microsoft(R) Windows
Mobile(TM) Smart Phones, and when available, Apples' iPhone.


The Private Placement is subject to regulatory approval of the TSX Venture
Exchange Inc. Labrador (www.labradortechnologies.com) trades on the TSX Venture
under the symbol "LTX."