LTX Labrador Resources Inc

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA) 

Labrador Technologies Inc. (TSX VENTURE:LTX) ("Labrador" or the "Company") is
pleased to announce that it has completed a second tranche closing of 13,000,000
units of the Company (the "Units") in connection with the non-brokered private
placement (the "Private Placement") originally announced on January 28, 2013 for
gross proceeds of $130,000. The aggregate gross proceeds received by the
Corporation in connection with the Private Placement totalled $236,500 for the
issuance of 23,650,000 Units of Labrador at a price of $0.01 per Unit. Each Unit
consists of one common share (a "Common Share") and one-half (1/2) of a Common
Share purchase warrant (a "Warrant") with each whole Warrant entitling the
holder to acquire one additional Common Share of the Company at a price of $0.05
per share for a period of 12 months from the date of issuance of the Unit. The
Private Placement is being conducted in accordance with the TSX Venture Exchange
"Temporary Relief Measures", and proceeds will be allocated to the following:
audits and accounting expenses; legal expenses; federal and provincial payments;
operating loans; programming expenses; and other miscellaneous fees owing.


The Common Shares and Warrants are subject to a four month hold period in
accordance with applicable securities law.


Labrador(R) specializes in secure, web-based retrieval software that seamlessly
visualizes and maps Oil & Gas data on both mobile devises and the desktop.


Certain information regarding Labrador set forth in this news release, including
the use of proceeds of the Private Placement 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Labrador Technologies Inc.
Ronald Sterne
CEO
(403) 263-6325

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