Cadillac Ventures Inc.

Cadillac Ventures Inc.

April 19, 2007 16:55 ET

Cadillac Ventures Inc. Press Release

TORONTO, ONTARIO--(CCNMatthews - April 19, 2007) -

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN SECURITIES LAW, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

Cadillac Ventures Inc. (the "Company") is pleased that Mr. Michael S. Harrington has agreed to join the Board of the Company. Mr. Harrington brings to the Company his extensive experience in the mining industry, as both an executive and entrepreneur, and a private investor. The Company is pleased to welcome Mr. Harrington to the Board and looks forward to the benefit of his expertise and efforts in the development of the Company's wholly owned New Alger Property and the recently acquired joint-venture on the Burnt Hill project.

The Company at the most recently held board meeting granted 500,000 options exercisable at $0.40 per option for a term of 5 years to the Board of Directors and consultants to the Company. The Company also accepted the resignation of Ms. Brewster from the Board of Directors and thanks Ms. Brewster for her contributions to date as a Director.

Cadillac Ventures Inc. holds the historically productive New Alger project located in the Cadillac Break mining camp in the Province of Quebec. The Company intends to pursue an exploration and drilling program on this property in order to produce a National Policy 43-101 compliant resource estimate in 2007. Additionally the Company has assumed a joint venture with Noront Resources on the Burnt Hill Project. This tungsten project consists of four separate identified areas of interest, and also has molybdenum and tin present in historical drill assays. This project was last active in the early 1980's, at which time a pilot plant was running in a pre-feasibility program on the Burnt Hill claim, operations ceased due to the sharp decline in the price of tungsten at that time. The Company feels positive that due to the current value of tungsten and the other associated metals this project group will add value for shareholders. With this in mind the Company intends to move forward with the evaluation of historic information, a surveying program, and ultimately a drill program designed to both prove historical drill results and test exploration targets.

Cadillac Ventures Inc. is a reporting issuer which has 22,075,823 shares issued and outstanding after the transactions listed above, and it does not presently trade on any listed Exchange.

These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This press release includes 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 Canadian dollars unless otherwise noted.

Contact Information

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