CARLAW CAPITAL III CORP. ANNOUNCES SETTLEMENT AGREEMENT WITH ONEWORLD ENERGY INC.

TORONTO, Jan. 13 /CNW/ - Carlaw Capital III Corp. ("Carlaw") (NEX: CW.H), a capital pool company, today announced that it has entered into a settlement agreement with Oneworld Energy Inc. ("Oneworld") providing for payment terms of Oneworld's obligations to Carlaw in connection with the previously announced termination of the proposed qualifying transaction.

Neither the NEX Board of 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.

SOURCE Carlaw Capital III Corp.

For further information:

Amar Bhalla, Chairman, Chief Executive Officer and Chief Financial Officer
Carlaw Capital III Corp.
t: 416.915.8127  
e: abhalla@capitinvestment.com

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Carlaw Capital III Corp.

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