Qualifying Transaction Terminated

CT DEVELOPERS LTD.

115 Vine Avenue Toronto, Ontario M6P 1V9

NEWS RELEASE

Qualifying Transaction Terminated

January 4, 2013 – Vancouver, British Columbia (TSX-V: DEV.P). By a press release dated May 18, 2012, CT Developers Ltd. ("CT" or the "Company"), a capital pool company, announced that it had agreed to acquire the shares of Viscount Mining Ltd. ("Viscount"), a private British Columbia company, by way of share exchange with the shareholders of Viscount. The share exchange agreement (the “SEA”) with Viscount and its shareholders was renewed several times in the intervening period; however, it again expired on December 15, 2012. After a period of careful consideration, the board of directors of CT determined that the transaction with Viscount would not be renewed and accordingly the proposed transaction with Viscount and its shareholders will not proceed.

The Company is in the process of returning its shares to trading pending the announcement of a replacement qualifying transaction. In this regard, CT has renewed its search for a suitable acquisition.

For further information please contact:

Norman Eyolfson President & Chief Executive Officer Phone: (416) 604-7620

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.

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.