Optegra Ventures arranges 1:4 share rollback, financing

Mr. Paul Loudon reports OPTEGRA ANNOUNCES SHARE CONSOLIDATION AND FINANCING Optegra Ventures Inc. intends to consolidate its common shares on a one-new-common-share-for-four-old-common-share ratio. The company believes the consolidation will provide it with greater flexibility for future financings. There are currently 8,817,880 common shares issued and outstanding. There will be 2,204,470 common shares issued and outstanding following the consolidation, assuming no other changes to the issued capital of the company prior to the consolidation being effective. Optegra also announces a $1.5-million private placement of 20 million units of the company at 7.5 cents per unit. The units will consist of one postconsolidation common share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional postconsolidation common share at a price of 10 cents per postconsolidation common share for a period of five years. Proceeds of the financing will be used for debt payment and working capital. A 7-per-cent cash finder's fee is payable with respect to a portion of the financing. The consolidation, financing and finder's fee are subject to acceptance for filing by the TSX Venture Exchange. G.V. Knight, a corporate administrative consultant, has been appointed as an independent director of the company to comply with the requirements of sections 5.7 and 21(b) of TSX-V Policy 3.1. We seek Safe Harbor.