CTI Caiterra International Energy Corp

CaiTerra International Energy Corporation ("CaiTerra" or the "Company") (TSX
VENTURE:CTI) is pleased to announce that it has completed its previously
announced acquisition of certain undeveloped mineral rights in the Faust area of
Alberta (the "Faust Property") from First Mountain Exploration Ltd. ("First
Mountain") (TSX VENTURE:FMX) for the purchase price of approximately of $2.5
million in cash. 


The Faust Property is located just north of the prolific Swan Hills oil field
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 18,600 net acres (approximately 30 sections) of lands of interest
that are not subject to expiry for the next 3 years and a further 3,840 net
acres (6 sections) of lands of interest that have been continued through to the
end of April 2013.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CaiTerra International Energy Corporation
Craig Robson
(778) 329-9629

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