Cadillac Ventures Inc.
CNQ : CDEX

Cadillac Ventures Inc.

October 24, 2007 09:25 ET

Cadillac Ventures Inc.: Press Release

TORONTO, ONTARIO--(Marketwire - Oct. 24, 2007) - Cadillac Ventures Inc. (CNQ:CDEX)("Cadillac") is pleased to announce that Mr. Norman Brewster P.Geo has been elected the President and CEO, and a member of the Board of Cadillac. Mr. Brewster brings an extensive professional career in the management of public and private mineral exploration and exploitation companies, as well as vast experience as a geologist to the Company. Additionally Mr. Brewster is extremely familiar with the Burnt Hill project, as Burnt Hill was last operational (pilot plant) under his supervision. The Company would like to thank Mr. Voisin for his leadership in the early stages of the Company, and is pleased to announce that Mr. Voisin will continue his involvement as a director and the Corporate Secretary of the Company. Mr. William McCullough continues as the Chairman of the Company, Mr. Leo O'Shaughnessy as the CFO, Mr. Maurice Stekel as the Chair of the Audit committee, Mr. Neil Novak as the Chair of the compensation committee, and Mr. Michael Harrington as member of the board.

At the Annual General Meeting of Shareholders held on Thursday October 4th, 2007 management was supported by shareholders, with McCarney Greenwood LLP re-appointed as auditors to the Company, the Company's rolling stock option plan was ratified, and all of management's nominees we re-elected as directors of the Company.

On October 22nd 2007 the Company issued 50,000 stock options to Michael Harrington, a director of the Company, and 150,000 to Leo O'Shaughnessy, the CFO of the Company, at $0.72 exercisable for 5 years. In addition the Company issued 160,000 options to IRonside Investor Relations Inc. as a consultant to the Company providing public relations services, exercisable at a price of $0.85 for a period of 5 years.

Project Update

The Company is pleased to inform shareholders that programs are well underway at both projects.

At Burnt Hill the Company, in conjunction with joint venture partner Noront Resources Inc., has staked an additional 377 claims, tying the 4 areas of focus together, and covering prospective ground with various mineralization showings identified by personnel in the field. Additionally there are now 2 drills onsite and in operation.

At New Alger the Company has completed 4 shallow holes to test several anomalies identified during the airborne survey. The core resultant from these holes is being logged, and samples selected and prepared by Gilles Tremblay P.Eng., IQP for the Company, these will be submitted for assay once ready.

About Cadillac

Cadillac is publicly traded on the CNQ under the symbol CDEX. Currently, in addition to the joint venture on the Burnt Hill Project, Cadillac also holds the New Alger Project which encompasses the historic New Alger Mine, located in the highly prospective Cadillac Break Mining Camp. The New Alger Mine has been sporadically productive but has not been fully explored or exploited. The property is situated contiguous to the O'Brien Mine and approximately 300 m to the SE of the LaRonde Mine.

For more information regarding Cadillac please visit our website at www.cadillacventures.com

Forward Looking Statements

This press release may include certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are in Canadian dollars unless otherwise noted.

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

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