LTX Labrador Resources Inc

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Labrador Technologies Inc. ("LTI" or "Labrador") (TSX VENTURE:LTX) is pleased to
announce closing of the second tranche of its previously announced 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 second tranche consisted of 9,500,000 Common Shares for gross proceeds of
$475,000. The gross proceeds closed to date from the Offering are $625,000. The
proceeds from the closing of the second tranche 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.


In connection with the closing of the second tranche, an arm's length party was
paid a cash commission of $19,000 and received 380,000 Common Shares in lieu of
cash commission. All securities issued under the closing of the second tranche
of the Offering are subject to a statutory hold period until July 17, 2011. The
Offering is subject to receipt of all necessary regulatory approvals. 


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.

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