CT Developers Ltd. Announces Private Placement _______________________________________________________

CT DEVELOPERS LTD.

1764 Rathburn Road East, Unit1

Mississauga, Ontario, L4W 2N8

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NEWS RELEASE

CT Developers Ltd. Announces Private Placement

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October 11, 2019 – Vancouver, British Columbia ( NEX:DEV.H) CT Developers Ltd. ("CT" or the

"Company"), a capital pool company, announces a $20,000 working capital private placement

with an arm’s-length investor. An aggregate of 80,000 common shares (“Shares”) will be issued

at a price of $0.25 per Share.

The Shares will be subject to a statutory hold period of 4 -months from closing.

The Private Placement remains subject to regulatory approval.

Trading Halt

The shares of CT remain halted and it is expe cted that they will remain halted until completion

of the previously announced proposed qualifying transaction (the “Proposed Transaction”).

Other Information and Updates

CT will provide further det ails in respect of the Proposed Transaction in accordance with

Exchange Policy 2.4 in due course and, in any event, prior to the resumption of trading.

For further information please contact:

Norman Eyolfson,

President & Chief Executive Officer

Phone: (416) 884-8601

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.