Caiterra International Energy Corporation announced the appointment of Ms. Rebecca Li as the Controller of the Company, the resignation of Mr. Bill Grossholz from the office of Chief Financial Officer of the Company. The company announced that Ms. Rebecca Li, of Calgary, Alberta, has accepted the appointment to the position of Controller of the Company. Ms. Li has over 10 years of progressive accounting experience in diversified industries including oil and gas and utilities.

She has full cycle experience in financial and management reporting, planning and business analysis. She has been working at senior level role since 2006 and recently as a controller for an oil and gas service company. Concurrent with the appointment of Ms. Li, Mr. Bill Grossholz has tendered his resignation as Chief Financial Officer of the Company.

Ms. Perla Woo, the President of the Company, will act as interim Chief Financial Officer until a Chief Financial Officer is appointed.