LTX Labrador Resources Inc

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Labrador Technologies Inc. ("Labrador" or "LTI") (TSX VENTURE:LTI), is pleased
to advise that further to the policies of the TSX Venture Exchange, it has
closed its non-brokered private placement ("Private Placement") announced at 25
cents ($0.25) per unit. As of the closing, LTI has issued 3,400,000 units at a
price of $0.25 per unit, raising $850,000. Each unit consists of one common
share, plus one-half of one common share purchase warrant of LTI. Each whole
warrant entitles the holder to acquire one additional common share of LTI at a
price of $0.45 per share, for a period of twelve (12) months following the
closing date of the Private Placement.


The common shares and warrants issued in connection with this Private Placement
are subject to a four-month and one day hold period, pursuant to applicable
securities legislation and the policies of the TSX Venture Exchange.


Further, LTI wishes to announce that it will commence another private placement
on the same terms. Proceeds of this financing will be used by LTI for general
working capital and for further development and marketing of its eTriever(TM)
product, particularly in the context of Calgary's Oil & Gas Data Centres.
Labrador eTriever(TM) is a secure, web 2.0, 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, 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.


To learn more about eTriever(TM), please visit www.eTriever.com

Labrador (www.labradortechnologies.com) trades on the TSX Venture under the
symbol "LTX."

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