CGrowth Capital, Inc. Closes Escrow on Wyoming Oil Leases

CGrowth Capital, Inc. Closes Escrow on Wyoming Oil Leases 
West Salt Creek Property Boarders Anadarko Reserve 
SILVERDALE, WA -- (Marketwired) -- 10/29/13 --  CGrowth Capital, Inc.
(OTC Pink: CGRA) (the "Company") is pleased to announce that it has
closed escrow and completed the purchase of 2,064 acres of Wyoming
oil leases with 65 offset drilling locations from West Salt Creek,
Inc. ("WSC"). The leases include active wells with current production
along with the associated fixtures, pumps, vehicles, and tanks for
the current field operation. Located in the Powder River Basin, the
property boarders and shares the same physical characteristics as
Anadarko Petroleum's Salt Creek project (thus the West Salt Creek
"Success!" stated Bill Wright, CEO of CGrowth Capital, Inc. "A great
deal of time and energy by everyone involved has paid off. Again, I
want to personally thank the West Salt Creek, Inc. management, staff,
and consultants, as well as our internal staff and partners, for
their professionalism in closing this transaction timely. It is
rewarding to see everyone smiling at the conclusion of our hard
Mr. Wright continued, "The closing of this transaction does much more
for us than proving our diligence in completing transactions. We
truly have acquired an asset with yet untapped potential -- both in
terms of the fields and wells themselves, as well as the team of
people coming on board. To really appreciate what the Company has you
need to actually see it. Being able to throw a rock from our property
to one of the biggest Anadarko reserves in North America is really
quite special." 
Montgomery George, President of West Salt Creek, Inc., stated, "It is
amazing to see how much a relatively unknown company has in the works
and how quickly they are able to get things done. CGrowth Capital's
enthusiasm for this project, as well as their unwavering commitment
to their current mining project, has been very infectious. We are
excited to be helping the company moving forward and to be a part of
the future success. While the immediate daily production from the oil
fields is helpful, we are already seeing results from the
revitalization work on the existing wells. Our first well workover
increased production from a half barrel a day to over 22 barrels of
oil per day for a single well. The next 6 months should be very
Initial net working interest on the existing wells prior to
additional workover and drilling is estimated to be 8-10 BOPD. A
revitalization plan for the existing wells anticipates increasing the
production over time for the Company's working interest. A group of
wells are currently in a revitalization plan with a third party in
the field, which the Company will maintain a 20% working interest in.
The revitalization plan does not require any capital investment by
the Company. Geological reports for the area are estimating oil
potential up to seven million barrels of oil.  
The Effective Date of the purchase has been set as September 30, 2013
and will be reflected in the Company's third quarter financials. The
purchase price for the property leases, well interest, and equipment
is $3,900,000. The Company paid for the acquisition through the
issuance of a) $3,000,000 in Preferred A stock (which amounted to
300,000 shares of Preferred A stock valued at $10.00 per shares). The
shares have a two year lock up, may be called by the Company during
that time period at the stated price plus a 6% cumulative annual
premium, and may be converted to common shares after the hold period
at a 20% discount to market; and b) $900,000 in Common stock (which
amounted to 9,000,000 shares of Common stock valued at $0.10 per
share). The common stock is subject to a 1 year lock up, a metering
and block trade restriction, and Rule 144. At no time may the seller
own more than 4.9% of the Commons shares of the Company.
Additionally, the Company issued Warrants to the seller for the
purchase of 4,500,000 shares of Common stock. The Warrants have a
strike price of $0.50 per share, expire on the fifth anniversary of
the closing, and are to be paid for in cash.  
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For more information about CGrowth Capital, visit their website:  
About CGrowth Capital, Inc.: 
CGrowth Capital, Inc. serves as a holding company for businesses and
assets focused on all aspects of mining, minerals, and exploration.
The processing of metal ore mining and oil and gas exploration both
represent multi-billion dollar market opportunities which are
capitalized through processing, sales, contracting and licensing of
assets. CGrowth Capital's services and solutions are designed to
assist land owners with monetizing undervalued assets by bringing
commodities such as gold, silver, oil and gas, and other minerals to
market. CGrowth Capital will focus on acquiring, leasing, or
"claiming" land assets, while also providing partners and affiliates
with management services, capital, contract management and logistical
services necessary for the successful execution of mining exploration
and operations.  
Safe Harbor 
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of
1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby. The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management as well as assumptions made by and information currently
available to the Company or its management. When used in this
document, the words "anticipate," "estimate," "expect," "intend,"
"plans," "projects," and similar expressions, as they relate to the
Company or its management, are intended to identify forward-looking
statements. Such statements reflect the current view of the Company
regarding future events and are subject to certain risks,
uncertainties and assumptions, including the risks and uncertainties
noted. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove to be incorrect,
actual results may vary materially from those described herein as
anticipated, believed, estimated, expected, intended or projected. In
each instance, forward-looking information should be considered in
light of the accompanying meaningful cautionary statements herein.
Factors that could cause results to differ include, but are not
limited to, successful performance of internal plans, the impact of
competitive services and pricing and general economic risks and
uncertainties. The Company disclaims any obligation to update or
revise any forward-looking statements. 
Investor Inquiries: 
CGrowth Capital, Inc. 
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