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 the closing of the third and final 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 Offering was fully subscribed and Labrador raised total
gross proceeds of $750,000 under the Offering.


The third tranche consisted of 2,500,000 Common Shares for gross proceeds of
$125,000. The proceeds from the Offering will be used for expanding the current
successful eTriever market launch (please see Press Release:
http://press.ihs.com/press-release/energy-power/new-etriever-release-enables-fast-mobile-access-ihs-canadian-energy-data)
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 third tranche, an arm's length party was
paid a cash commission of $5,000 and received 100,000 Common Shares in lieu of
cash commission. All securities issued under the closing of the third tranche of
the Offering are subject to a statutory hold period until July 30, 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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