Cadillac Ventures Inc.
TSX VENTURE : CDC

Cadillac Ventures Inc.

January 24, 2011 08:30 ET

Cadillac Ventures Inc.: Third Thierry Hole Contains 2.02% Cu Over 21.98 Feet

TORONTO, ONTARIO--(Marketwire - Jan. 24, 2011) - Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is pleased to announce the receipt of assays for the third hole (CV-10-04) at the Thierry Mine Project in Northwestern Ontario. Assays are highlighted below, including 2.02% Cu over 21.98 feet.

DHID From To Width (ft) Cu % Ni %
CV-10-04 3811.21 3820.87 9.66 0.80% 0.140%
Including 3815.14 3817.94 2.80 1.52% 0.233%
           
CV-10-04 3835.57 3857.55 21.98 2.02% 0.120%
Including 3835.57 3840.57 5 3.38% 0.119%
           
CV-10-04 3996.06 4001.29 5.23 1.49% 0.09%

This mineralization was encountered in the hole where anticipated based upon the deposit modeling done to date, and this hole serves to further close the triangular "tooth" shaped void in the model where there was no prior drilling. The model is depicted below with the trace of the three holes drilled in 2010 by Cadillac shown, with shading where the mineralized zone was intersected.

To view Thierry Drilling to date, please visit the following link: http://media3.marketwire.com/docs/thierry_drilling_jan24.pdf

Complete Assay Table CV-10-04

Sample No From To Width (ft) Cu % Ni ppm Ag ppm Au ppm
655544 1557.25 1562.25 5 0.00 17 0.4 < 2
655545 1562.25 1567.84 5.59 0.01 76 < 0.3 < 2
655546 1567.84 1572.48 4.64 0.02 678 < 0.3 < 2
655547 1572.48 1577.48 5 0.01 25 < 0.3 < 2
655548 1577.48 1582.48 5 0.01 96 0.3 < 2
655549 1829.88 1832.88 3 0.00 3 0.3 < 2
655550 1832.88 1836.88 4 0.01 138 < 0.3 < 2
655551 1836.88 1840.55 3.67 0.01 131 < 0.3 < 2
655552 1840.55 1844.55 4 0.01 120 < 0.3 < 2
655553 1844.55 1848 3.45 0.01 73 < 0.3 < 2
655554 1848 1853 5 0.01 132 < 0.3 < 2
655555 1853 1857.74 4.74 0.00 110 < 0.3 < 2
655556 1857.74 1863.82 6.08 0.00 11 0.5 < 2
655557 1863.82 1868.82 5 0.00 21 0.8 < 2
655558 2079.8 2083.91 4.11 0.00 50 < 0.3 < 2
655559 2083.91 2088.91 5 0.00 51 < 0.3 < 2
655560 2088.91 2091.91 3 0.01 15 0.8 < 2
655561 2091.91 2094.96 3.05 0.00 62 0.6 < 2
655562 2094.96 2098.96 4 0.01 89 < 0.3 < 2
655564 2198.73 2201.73 3 0.00 9 < 0.3 < 2
655565 2201.73 2204.73 3 0.01 74 < 0.3 < 2
655566 2204.73 2207.73 3 0.01 75 0.7 < 2
655567 2207.73 2210.13 2.4 0.02 80 < 0.3 < 2
655568 2210.13 2214.57 4.44 0.01 73 < 0.3 < 2
655569 2214.57 2218.04 3.47 0.00 28 0.4 < 2
655570 2218.04 2222.04 4 0.01 85 < 0.3 < 2
655571 2222.04 2224.84 2.8 0.01 86 < 0.3 < 2
655572 2224.84 2228.93 4.09 0.01 83 < 0.3 < 2
655573 2228.93 2231.93 3 0.00 5 < 0.3 < 2
655574 2391.73 2393.81 2.08 0.00 3 0.5 < 2
655575 2393.81 2396.23 2.42 0.00 7 < 0.3 < 2
655576 2396.23 2399.23 3 0.00 3 < 0.3 < 2
655577 2399.23 2401.6 2.37 0.00 15 < 0.3 < 2
655578 2401.6 2404.15 2.55 0.01 77 0.4 4
655579 2404.15 2407.5 3.35 0.00 15 0.8 < 2
655580 2407.5 2412.89 5.39 0.00 2 < 0.3 < 2
655581 2412.89 2414.89 2 0.00 80 0.5 5
655582 2414.89 2418.59 3.7 0.00 22 0.5 < 2
655583 2418.59 2424.93 6.34 0.00 17 0.5 < 2
655584 2424.93 2427.51 2.58 0.01 93 < 0.3 < 2
655585 2427.51 2433.44 5.93 0.01 85 < 0.3 < 2
655586 3341.96 3343.96 2 0.02 108 < 0.3 < 2
655587 3343.96 3346.46 2.5 0.01 96 < 0.3 < 2
655588 3346.46 3348.46 2 0.02 87 < 0.3 < 2
655589 3348.46 3351.64 3.18 0.02 86 < 0.3 < 2
655590 3351.64 3354.64 3 0.01 90 < 0.3 < 2
655591 3354.64 3359.3 4.66 0.01 48 < 0.3 < 2
655592 3359.3 3364.8 5.5 0.01 72 < 0.3 < 2
655593 3364.8 3368.8 4 0.01 86 < 0.3 < 2
655594 3368.8 3371.8 3 0.01 100 < 0.3 2
655595 3371.8 3373.8 2 0.02 97 < 0.3 < 2
655596 3373.8 3375.26 1.46 0.01 95 < 0.3 < 2
655597 3533.6 3539.6 6 0.00 62 0.8 3
655599 3600.44 3605 4.56 0.01 103 < 0.3 < 2
655600 3605 3608 3 0.01 88 < 0.3 < 2
655601 3608 3613 5 0.01 110 < 0.3 < 2
655602 3613 3615 2 0.01 117 < 0.3 2
655603 3615 3620 5 0.01 142 < 0.3 < 2
655604 3620 3623 3 0.02 124 < 0.3 < 2
655605 3623 3628 5 0.01 189 < 0.3 < 2
655606 3628 3631 3 0.01 209 < 0.3 3
655607 3631 3634.81 3.81 0.01 216 < 0.3 < 2
655608 3768.02 3773.45 5.43 0.01 65 < 0.3 3
655609 3773.45 3776.2 2.75 0.01 52 < 0.3 < 2
655610 3776.2 3781.2 5 0.01 57 < 0.3 < 2
655611 3781.2 3785.87 4.67 0.01 51 < 0.3 < 2
655612 3785.87 3790.17 4.3 0.00 52 < 0.3 6
655613 3790.17 3794.54 4.37 0.01 41 < 0.3 < 2
655614 3794.54 3800 5.46 0.01 36 < 0.3 < 2
655615 3800 3803.79 3.79 0.03 31 < 0.3 < 2
655616 3803.79 3806.63 2.84 0.14 19 0.6 26
655617 3806.63 3808.21 1.58 0.01 91 < 0.3 < 2
655619 3808.21 3811.21 3 0.12 216 1.1 10
655620 3811.21 3815.14 3.93 0.40 471 2.8 30
655621 3815.14 3817.94 2.8 1.52 2330 9.4 402
655622 3817.94 3820.87 2.93 0.63 1540 5.5 60
655623 3820.87 3824.72 3.85 0.02 158 < 0.3 3
655624 3824.72 3828.57 3.85 0.01 161 < 0.3 < 2
655625 3828.57 3832.07 3.5 0.00 6 < 0.3 < 2
655626 3832.07 3835.57 3.5 0.07 56 0.7 6
655628 3835.57 3840.57 5 3.38 1190 21.1 120
655629 3840.57 3845.57 5 1.71 1100 11.4 156
655630 3845.57 3850.57 5 1.30 1680 8.4 119
655631 3850.57 3855 4.43 1.49 825 9.6 141
655632 3855 3857.55 2.55 2.22 1020 15.7 75
655633 3857.55 3861.04 3.49 0.50 534 3.5 23
655634 3861.04 3866.04 5 0.02 296 0.4 2
655635 3866.04 3871.04 5 0.09 351 0.8 7
655636 3871.04 3876.25 5.21 0.07 448 0.5 7
655637 3876.25 3878.95 2.7 0.04 155 0.3 4
655638 3878.95 3883.95 5 0.01 143 < 0.3 < 2
655639 3883.95 3888.95 5 0.02 144 < 0.3 3
655640 3888.95 3890.95 2 0.02 130 < 0.3 3
655641 3992.06 3996.06 4 0.03 163 0.3 4
655642 3996.06 4001.29 5.23 1.49 920 9 141
655643 4001.29 4005.29 4 0.02 196 0.3 < 2

The samples from this hole, which were obtained in the field under the supervision of Mr. Neil Willoughby P.Geo, a qualified person as defined by National Instrument 43-101, were bagged and tagged onsite and transported by a bonded courier company to ActLabs of Thunder Bay, ON for processing.

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 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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