Carlaw Capital III Corp. announces termination of Definitive Agreement with JAB Resources Limited

    TSX Venture Exchange Symbol: CW.P

    TORONTO, Oct. 15 /CNW/ - Carlaw Capital III Corp. ("Carlaw") announces
that it has terminated the Definitive Agreement dated August 14, 2008 with JAB
Resources Limited ("JAB") and certain others previously announced on
August 15, 2008. Carlaw did not advance funds to JAB.
    "Carlaw has terminated the agreement previously entered into with JAB"
commented Amar Bhalla, CEO. "We continue to pursue various options for a
qualifying transaction for Carlaw." As a result of such termination, Carlaw
announces that trading of its shares on the TSX Venture Exchange will resume
on Friday, October 17, 2008.


    Carlaw Capital III Corp. is a capital pool company formed under the TSXV
CPC program.

    The TSXV does not accept responsibility for the adequacy or accuracy of
    this press release.

    Certain information in this press release may constitute forward-looking
information. This information is based on current expectations that are
subject to significant risks and uncertainties that are difficult to predict.
Actual results might differ materially from results suggested in any
forward-looking statements. The Corporation assumes no obligation to update
the forward-looking statements, or to update the reasons why actual results
could differ from those reflected in the forward looking-statements unless and
until required by securities laws applicable to the Corporation. Additional
information identifying risks and uncertainties is contained in the
Corporation's filings with the Canadian securities regulators, which filings
are available at

For further information:

For further information: Amar Bhalla, President and Chief Executive
Officer, Carlaw Capital III Corp., t: (416) 922-9096, e:

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