CompuPrint Delivers the Second Stage STeP(R) Oil and Gas Report to a Major International Oil and Gas Exploration and Production Company.

NEW YORK -- CompuPrint, Inc. (OTCBB:CPPT), an energy and natural resource exploration technology company, has delivered its second stage STeP analysis of an off-shore African oil and gas drilling prospect. Under the $2.5 million contract, the Company has now earned a third progress payment of $375,000. The final payment of $1 million is to be paid on delivery of the final report, anticipated for December 2006.

In preparing its analysis, the Company utilizes a proprietary technology, STeP, which is based on interpretation of satellite data to effectively identify oil and gas, as well as other minerals subsurface. The Company conducts its operations through its wholly owned subsidiary, Terra Insight Corporation (TIC).

"We are pleased to report our continued progress reflecting the on schedule performance of the Company, and we are proud that one of the world leaders in off-shore oil and gas exploration recognizes the value of STeP. We have just delivered the second stage STeP report, which is designed to further the level of detail and the client's knowledge as to the presence and geological conditions of hydrocarbon deposits in the license block. Our reports are in an industry acceptable format that geologists and exploration managers can understand and use in exploration: our third stage, or final, reports present drilling location coordinates, structure maps, as well as cross sections with target depths, formation changes, and additional geological information. We believe that all of this information will help our multibillion dollar client companies achieve tremendous money and time savings as compared to industry standards," said Roman Rozenberg, CompuPrint's Chief Executive Officer.

About CompuPrint, Inc.

CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides subsurface surveying, and analytical services for exploration, drilling, and mining companies. The Company primarily uses satellite-based STeP technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. The Company interprets and quantifies geologic and satellite data to develop the assessment of natural resources for any given geographic area - on or off shore. The Company, through its subsidiaries and affiliates holds (1) six licenses to approximately 1 million acres off-shore Namibia for diamond exploration, (2) a participation interest in a diamond prospect in the Congo, (3) a working interest in a 1 million acre Kurdistan oil prospect, (4) leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada and (5) oil and gas leases oil and gas leases in East and South Texas,. For more information visit http://www.terrainsight.com.

This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize: competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.