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Cap-Link Ventures Ltd. (the "Company" or "Cap-Link") (TSX VENTURE:CAV) announces
that its wholly owned subsidiary Petrodorado Ltd. ("Petrodorado") has signed a
definitive agreement with Pacific Rubiales Energy Corp. ("PRE") to farm-in on
Moriche block- Mauritia East prospect in Colombia held by PRE. In addition, the
exploration well ME-1 commenced drilling on January 17, 2010.


The Moriche block is part of a 5 block joint venture previously announced on
November 24, 2009 between PRE and Petrodorado in Colombia and Peru.


Krishna Vathyam, President and CEO of Cap-Link stated:

"We are very pleased to start our first well of 2010 in the Moriche Block (Los
Llanos basin) with PRE. We are looking forward to working closely with PRE over
the upcoming years and successfully bringing various opportunities to fruition.


Furthermore, the joint ventures between the two companies provide Petrodorado an
excellent portfolio of critical mass assets that, when combined with our other
projects, provide near term and long term exposure to very large resource
projects both in Colombia and Peru".


Well ME-1 Commenced Drilling on January 17, 2010

The ME-1 well is situated in the prolific Los Llanos Basin of Colombia in the
Moriche Block (Mauritia - East prospect). ME-1 was spud on January 17, 2010. The
objective is to drill and test multiple light oil (34 degree API) targets in the
Tertiary formations of Carbonera and Mirador (primary target). 


The well is expected to reach a true vertical depth of 8,370 feet. Drilling and
testing is estimated to take 45 days. PRE is the operator of the ME-1 well.


Moriche Block (Mauritia East Prospect)

Petrodorado has acquired a 49.5% working interest in the Moriche Block -
Mauritia East Prospect, located in the Llanos Basin of Colombia. In exchange for
this working interest, Petrodorado will fund 100% of the total investment for
the current exploratory phase for the block, equal to US$5.53 million.


PRE will retain a 37.5% working interest in the Mauritia East Prospect.

CAP-LINK VENTURES LTD.

Krishna Vathyam, President & CEO

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information
presented constitutes "forward-looking statements". Such forward-looking
statements, including but not limited to Colombian or Peruvian governmental
and/or regulatory approvals, the potential results of the ME-1 well,
uncertainties and other factors which may cause the actual results, performance
or achievements of the Company or Petrodorado to be materially different from
any future results, performance or achievements expressed or implied by such
forward-looking statements. Although the Company has attempted to identify
important factors that could cause actual results to differ materially, there
may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers are cautioned that the
assumption used in the preparation of the forward-looking statements, although
considered reasonable at the time of preparation may prove to be imprecise and,
as such undue reliance should not be placed on forward-looking statements.


The forward-looking statements contained in this press release are made as of
the date of this press release. Except as required by law, the Company and
Petrodorado disclaim any intention and assume no obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by applicable securities law.
Additionally, the Company and Petrodorado undertake no obligation to comment on
the expectations of, or statements made, by third parties in respect of the
matters discussed above.

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