Ct Announces Transfer to NEX Board

CT DEVELOPERS LTD.

115 Vine Avenue

TORONTO, ONTARIO M6P 1V9

NEWS RELEASE

CT ANNOUNCES TRANSFER TO NEX BOARD

August 15, 2014 – Vancouver, British Columbia (TSX-V: DEV.P) CT Developers Ltd. ("CT" or the "Company"), a capital pool company, announces that it continues to work toward completion of its previously announced qualifying transaction (“QT”) with Bee Vectoring Technology Inc. (“BVT”). However given that the Company has exceeded its 24 month deadline to complete a QT, including extended deadlines, the TSX Venture Exchange ("TSXV") has required the Company to transfer its listing from the Tier 2 board of the TSXV to the NEX board.

At an annual general and special meeting of its shareholders held on January 6, 2014, the Company received majority disinterested shareholder approval to transfer to the NEX board; and conditional upon listing on the NEX board, to cancel 500,000 common shares held in escrow. The Company has made application to the TSXV for transfer to NEX which has been accepted, and the TSXV has advised that it will be issuing a bulletin shortly after this news release is disseminated. The Company's trading symbol will change from "DEV.P" to "DEV.H". There will be no change to its CUSIP number. The Company's shares will remain suspended from trading pending completion of the qualifying transaction with BVT, or a termination of the transaction subject to the satisfactory review by the TSXV of an application from the Company.

For further information please contact:

Norman Eyolfson President & Chief Executive Officer Phone: (416) 884-8601

Statements in this press release regarding CT's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as terms and completion of the proposed transaction. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

COMPLETION OF THE PROPOSED TRANSACTION IS SUBJECT TO A NUMBER OF CONDITIONS, INCLUDING BUT NOT LIMITED TO, EXCHANGE ACCEPTANCE. THERE CAN BE NO ASSURANCE THAT THE PROPOSED TRANSACTION WILL BE COMPLETED AS PROPOSED OR AT ALL.

INVESTORS ARE CAUTIONED THAT, EXCEPT AS DISCLOSED IN THE FILING STATEMENT TO BE PREPARED IN CONNECTION WITH THE TRANSACTION, ANY INFORMATION RELEASED OR RECEIVED WITH RESPECT TO THE PROPOSED TRANSACTION MAY NOT BE ACCURATE OR COMPLETE AND SHOULD NOT BE RELIED UPON. TRADING IN THE SECURITIES OF A CAPITAL POOL COMPANY SHOULD BE CONSIDERED HIGHLY SPECULATIVE.

THE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE PROPOSED TRANSACTION AND HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. NEITHER THE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.