Cadillac Ventures Inc.
OTC Bulletin Board : BLU

Cadillac Ventures Inc.

December 11, 2006 12:18 ET

Cadillac Ventures Inc.: President's Letter to Shareholder

TORONTO, ONTARIO--(CCNMatthews - Dec. 11, 2006) - Cadillac Ventures Inc. (OTCBB:BLU)

Dear Cadillac Shareholder,

We are coming to the close of another calendar year, Cadillac Ventures Inc.'s first as an entity focused on the re-development of the historically productive New Alger Project located in the Cadillac Break mining camp of Quebec.

An immense amount of necessary corporate activity was completed in order to allow us to pursue this initiative. As you will recall the former Blue Power entity was consolidated and re-invigorated as Cadillac, a lengthy and complex process. Cadillac was successfully funded in order to allow this to proceed, in addition to carrying out actual development work on the property. A 43-101 report was commissioned, and is available on SEDAR, which facilitated the property acquisition, and provided guidelines for the Company as to recommended future development. During the fall season this year the Company has completed a line-cutting program and resulting in a local grid which will tie into the historically referenced grid and permit future exploration work on the property. Additionally the Company is in the process of concluding an IP and Mag survey over the property, and has commissioned an IP inversion modeling study to be carried out on survey completion. All of this new information, coupled with the historically available data which will be incorporated into a 3d model depicting the historic drill results, is intended to facilitate the selection of drill targets for the New Year. The New Alger mineralization seen historically is open along strike, as well as at depth. The previous work on the property did not exploit the full strike length on the property, or below a depth of 300 metres. Immediately to the north-east of the property boundary Agnico-Eagle is mining their LaRonde property using a single shaft to the 2,250m level.

In order to fund planned exploration work in the New Year the Company is presently undertaking a flow-through round of financing at $0.35 per unit. This offering is not large, it is designed to provide a minimum amount of funds at these levels, to be used in conjunction with existing flow-through monies to advance work and get drills turning. Additionally the Company has expiring warrants which were issued as a result of the Blue Power flow-through financing of December 2005, these warrants were consolidated on a 5 old for one new warrant basis, and the exercise price as a result is now $0.15 each. These expire at the end of December 2006, and the Company urges any holders interested in exercise to get in touch with the Company. Exercise of these warrants in full will provide the Company with $84,000 in non-flow through funds.

In the New Year it is the intent of the Company to proceed with commencing the CNQ listing process, this is viewed as a more cost and time effective way for the Company to get publicly trading and offer shareholders the resultant liquidity. Additionally the Company is presently evaluating the acquisition of non-Canadian gold/silver exploration assets, and looks forward to keeping shareholders apprised of those developments as they occur.

We look forward to an exciting new year filled with exploration activity news and further corporate developments. At this time the Company would like to thank shareholders for their continued support, and wish everyone the best of the New Year.


Jim Voisin, President

Cadillac Ventures Inc.

Contact Information

  • Cadillac Ventures Inc.
    Jim Voisin
    (519) 699-5352