VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2011) - Sceptre Ventures Inc. (the "Company") (TSX VENTURE:SVP.P) is pleased to announce that it has entered into two letters of intent (the "LOI's") dated October 11, 2011 with respect to its proposed qualifying transaction and in furtherance of the "LOI" news release dated July 14th, 2010.