Cadillac Ventures Inc.
TSX VENTURE : CDC

Cadillac Ventures Inc.

June 16, 2011 10:11 ET

Cadillac Obtains 1.69% CU and 0.133% NI Over 19.4 Feet in CV-11-05

TORONTO, ONTARIO--(Marketwire - June 16, 2011) - Cadillac Ventures Inc. (TSX VENTURES:CDC) ("Cadillac" or the "Company") is pleased to announce initial assay results for drillhole CV-11-05, the last deep hole drilled into the "tooth" shaped void at depth on the Thierry Mine Project. The main mineralized horizon was encountered as anticipated. This zone included an intersection of 1.69% Cu and 0.133% Ni over 19.4 feet. Within this zone 3.38% Cu and 0.156% Ni were assayed over 3.9 feet. Additional assay values are as follows;

From (ft)To (ft)Length (ft)Cu %Ni %
3878.33883.55.21.760.158
3883.53887.43.93.380.156
3887.43890.431.720.120
3890.43892.420.020.004
3892.43897.75.30.980.148
3897.73899.720.850.059
3878.33883.55.21.760.158

"We are pleased that this final hole successfully demonstrates the continuity of mineralization at depth in the void at the Thierry Mine Project. The exploration update previously released, combined with the success of the last three holes in the tooth, is further proof of management's conviction that the Thierry Mine merits re-opening. This success at depth, combined with the expansion along strike in both directions, will have a positive impact on the revised 43-101 resource we have commenced at the Thierry Mine", stated Norman Brewster P.Geo, President and CEO of Cadillac.

To view the Current Interpretation of Thierry Mine Project, please visit the following link:

http://media3.marketwire.com/docs/Current%20Interpretation%20of%20Thierry%20Mine%20Projec2.pdf

Cadillac is presently drilling off the K1-1 project, a separate occurrence to the east of the Thierry Mine Project on the Thierry property. The location of the K1-1 deposit relative to the Thierry deposit can be seen below, with an interpretation of the strike for both deposits. Additional holes to those depicted have now been drilled.

To view the Thierry Mine Area Strike, please visit the following link:

http://media3.marketwire.com/docs/Thierry%20Mine%20Area-Strike.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's Thierry Mine project has a measured and indicated mineral resource of 6.2 million tonnes at a grade of 1.92% Cu, and an additional inferred mineral resource of 8.2 million tonnes at a grade of 1.79% Cu (see the Company's 43-101 compliant report entitled "Technical Report and Updated Resource Estimate on the Thierry CU-NI-PGE Mine Property, Pickle Lake Area, Patricia Mining District, North-Western Ontario, Canada" dated July 2010 and filed on Sedar). In addition the resource includes Nickel, Silver, Gold, Platinum and Palladium. The Thierry Mine is located in Northwestern Ontario, is wholly owned by Cadillac, and was last in operation under UMEX in the early 1980s, leaving significant underground development in place. Since re-acquiring the Thierry Mine project, Cadillac has been focusing on adding to the resource in the immediate area of the mine by drilling a gap in the NI 43-101 deposit model referred to as the tooth, which management has internally calculated contains six million tonnes of material, this program has just been completed, with final results still pending. All of the holes successfully intersected mineralization of a grade and width that supported management's assumption regarding the continuation of the model at depth through the tooth. In addition, drilling along strike to both the east and the west has intersected mineralization outside of the NI 43-101 model. Cadillac's property position at Thierry is large and hosts other exploration targets, including the K1-1 deposit, known from historical drill records which are not NI 43-101 compliant, to be a large, low grade and shallow occurrence approximately three km to the east of the old Thierry Mine shaft, which also had within it higher grade intersections. Cadillac is currently investigating this deposit with several initial drill holes.

International exploration potential is also held by Cadillac, a joint venture partner with Minas de Aguas Tenidas, S.A.U. ("MATSA") regarding the exploration of 12 different investigation licenses encompassing over 230 square kilometers surrounding the Aguas Tenidas Mine held by MATSA (a wholly owned subsidiary of Iberian Minerals Corp.) in the Iberian Pyrite Belt of southern Spain. Each of these licenses hosts visible mineralization and/or evidence of historical mining activities. In order to earn a 90% interest in the entire license package Cadillac has embarked on a survey drill program over several of these licenses which is nearing completion augmented by geophysics. The information produced by this program has been assembled and is guiding management in prioritizing these properties for individual definition campaigns.

The three other projects held by Cadillac consist of: (i) the Burnt Hill Project, a 51% owned tungsten tin project located outside of Fredericton, New Brunswick and where Cadillac obtained positive drill results and new evidence of mineralization at the extents of this large property last summer and which is slated for follow up work in the Summer/Fall 2011 season; (ii) the Pickle Lake Gold project, a land package contiguous to three formerly productive historic gold mines which has been joint ventured to Newcastle Minerals Ltd.; and (iii) the New Alger project located in the Cadillac Break mining camp in Quebec which is a gold project joint ventured to Renforth Resources Inc.

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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