Cadillac Ventures Inc.
TSX VENTURE : CDC

Cadillac Ventures Inc.

December 14, 2010 09:00 ET

Cadillac Commences Gold Reverse Circulation Drill Program on San Miguel Gossan

TORONTO, ONTARIO--(Marketwire - Dec. 14, 2010) - Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is pleased to announce that the Company has commenced an RC drilling campaign to define the extent and grade of the recently discovered San Miguel gold gossan located around the historic massive sulphide pit on the Esperanza investigation permit in southwestern Spain. This gossan was discovered during an initial grab sampling campaign (see press release of May 3, 2010) and further tested during a systematic sampling campaign consisting of 110 samples obtained from gossans developed over the massive sulphide and stockwork material occurring in an area of approximately 500 metres in an east/west direction, and 100 metres in a north/south direction. Within this area 110 samples were selected from the bottom of shallow hand dug pits, 58 of these returned assay values ranging between 7.22 g/t Au and 0.005 g/t Au as outlined in yellow below, a mean average of these samples is 1.026 g/t Au as press released on July 8, 2010.

The RC drilling campaign has commenced, with 20 of 63 planned holes completed, representing 286 metres of drilling to date. The drillholes completed and planned are mapped below, over the gossan indicated by the systematic sampling. These first holes have returned gossan material in a range of thicknesses from 5 metres to 30 metres, in an area that didn't return assay values during the systematic sampling campaign. The lack of previous assays is explained by the thickness of the overburden (ie >~20 cm.), and is encouraging as the presence of gossan at depth in these holes increases the size of the gossan body. Until this program is complete the true thickness and extent of the gossan is unknown. The samples from this program are being submitted to the laboratory and results will be released when available.

To view, "Completed and planned RC holes over mapped gossan," please visit the following link: http://media3.marketwire.com/docs/fig1cdc1215.pdf.

To view, "RC drill rig in operation on property," please visit the following link: http://media3.marketwire.com/docs/fig2cdc1215.pdf.

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.

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 Burnt Hill Project is a 51% owned tungsten tin project located outside of Fredericton, New Brunswick. The Company also holds the Pickle Gold project comprised of 21 claims in the vicinity of 3 historically productive gold mines near Pickle Lake, and the Kirkland Gold project, located about 15 kilometres west of the town of Kirkland Lake.

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

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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