CT Developers Ltd. Closes Private Placement

June 7, 2012 TSX-V: DEV.P

Vancouver, B.C. – CT Developers Ltd. (“CT” or “the Company”) wishes to announce that it has closed the previously announced non-brokered private placement and has issued 577,500 common shares at a price of $0.20 per share, for aggregate gross proceeds of $115,500. The net proceeds from this private placement will be added to the Company’s capital resources.

Finder's fees of $3,300 have been paid in cash and 6,500 finders warrants exercisable for 12 months at $0.20 per warrant, have been issued to qualified parties. All securities issued have a hold period expiring October 6, 2012.

Further to the press release made on May 18, 2012 respecting the Company’s proposed qualifying transaction, the time for the execution of the definitive agreement has been extended to June 15, 2012.

ON BEHALF OF THE BOARD

“Norman Eyolfson”

President & CEO

For further information, please contact Norman Eyolfson, President & CEO at:

Telephone: (416) 604-7620

Neither the TSX Venture 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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.