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) announces a
non-brokered private placement (the "Offering") for up to 15,000,000 common
shares of Labrador ("Common Shares"), at a price of $0.05 per Common Share, for
proceeds of up to $750,000. 


The proceeds of the Offering will be used for expanding the current successful
eTriever market launch into all sectors of the Oil & Gas industry, for
increasing and broadening eTriever R&D, and for general working capital. This
critical eTriever deployment phase will be bolstered significantly by LTI's
logical growth and extension with its partners into accessing data from
proprietary databases, a stronghold of Labrador expertise.


The Offering is subject to receipt of all necessary regulatory approvals. The
securities issued pursuant to the Offering will be subject to a four month hold
period from the date of the closing of the Offering. The Offering is being
undertaken on a non-brokered basis; however, LTI may pay a cash finder's fee of
8% to qualified persons pursuant to available securities laws exemptions.


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).


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."


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.