Cadillac Ventures Inc.

Cadillac Ventures Inc.

February 07, 2011 08:30 ET

Cadillac Commences Dewatering Process at Thierry

TORONTO, ONTARIO--(Marketwire - Feb. 7, 2011) - Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is pleased to announce that Cadillac has retained AECOM, a global provider of professional technical and management support services in environment, transportation, facilities, energy, and water, to move forward with project development at the Thierry Mine site. With approximately 52,000 employees worldwide (4,000 in Canada), AECOM offers a full range of geological mine engineering, strategic environmental planning, regulatory support, GIS and remote sensing, First Nation consultation and other related services to the mining industry. AECOM's team of ecologists, hydrogeologists, geotechnical engineers, and environmental scientists have commenced a comprehensive program of water monitoring and structural assessments, to commence the dewatering process. The Thierry Mine site is presently permitted for dewatering.

A diamond drilling program designed to test for shallower extensions of mineralization from the known and modeled deposit, as depicted below, is ongoing. The deeper drill program, targeting the tooth depicted below, consists of 6 planned holes. Three of these holes were completed by the end of 2010, each of those having successfully intersected mineralization where anticipated. The remaining 3 holes will be drilled as planned commencing later in February. After this drilling has been completed an updated 43-101 compliant resource calculation will be undertaken and an independent economic scoping study completed.

To view the figure associated with this press release, please visit the following link:

Mr. Brian H. Newton P.Geo, of Billiken Management Services Inc. and a "qualified person" pursuant to NI 43-101 has reviewed and approved the technical information in this press release on behalf of the Company.

About Cadillac

Cadillac is a development-focused exploration company which has the past-producing Thierry Property near Pickle Lake in Northern Ontario, several exploration projects in Spain in joint venture with MATSA and three Canadian exploration projects, located in regions that have been historically active.

The Thierry Property encompasses the past producing Thierry Mine which ceased production in 1982 leaving potentially economic mineralization in situ. In addition to the Thierry mine project, Cadillac wholly owns the New Alger project, a previously productive gold mine, located outside of Cadillac, Quebec, where the Company has entered into a joint venture agreement with Renforth Resources Inc. for a three year $2.5 million exploration program. In Spain, the Company is joint venture partner with Minas de Aguas Tenidas, S.A.U. regarding the exploration of 12 different investigation licenses surrounding the Aguas Tenidas Mine in the Iberian Pyrite Belt of southern Spain. The Pickle Lake Gold project held by Cadillac is a land package contiguous to three formerly productive historic gold mines; this project has been joint ventured to Newcastle Minerals Ltd. The Burnt Hill Project is a 51% owned tungsten tin project located outside of Fredericton, New Brunswick.

For more information regarding Cadillac, please visit our website at

Forward Looking Statements

This news release contains certain forward-looking statements under applicable securities laws. Specifically, this news release includes forward-looking statements regarding future drilling and an updated resource calculation. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as 'may', 'will', 'plan', 'expect', 'believe', 'anticipate', 'estimate', 'intend' and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary licences and permits and the availability of financing, as described in more detail in the Company's securities filings available at Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Cadillac assumes no obligation to revise or update these forward-looking statements except as required by law. All dollar amounts are in Canadian dollars unless otherwise noted.

Neither 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.

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