Cadiscor Resources Inc.
TSX VENTURE : CAO
FRANKFURT : DQN

Cadiscor Resources Inc.

March 03, 2008 08:30 ET

Cadiscor Announce Closing of a $3.0 Million Private Placement Financing

MONTREAL, QUEBEC--(Marketwire - March 3, 2008) - Cadiscor Resources Inc. ("Cadiscor")(TSX VENTURE:CAO)(FRANKFURT:DQN) is pleased to announce that it has closed a $3,000,000 private placement with Becher McMahon Capital Markets ("Becher McMahon"). Becher McMahon arranged the placement of 5,454,545 units ("Unit") of Cadiscor at a price of $0.55 per Unit. Each Unit is comprised of one common share of Cadiscor and one half of one warrant. Each full warrant entitles the holder to purchase one Cadiscor common share at a price of $0.70 for a period of 24 months after February 29, 2008, the closing date of the financing. The Unit shares and warrants will be subject to a hold period of four months and one day after the closing date.

Cadiscor will use the financing net proceeds to fund further exploration work on the Sleeping Giant Mine, Discovery, Flordin, Florence and Cameron Shear properties, for working capital and general corporate purposes.

Cadiscor paid Becher McMahon a cash commission equal to 8.0% of the gross proceeds of the financing. Becher McMahon also received compensation options equal to 8.0% of the total number of Units sold pursuant to the Offering. Each compensation option entitles Becher McMahon to purchase one Unit at the issue price for a period of 24 months after the closing date.

Forward-Looking Statements

This press release contains forward-looking statements subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct, and actual results and future events could differ materially from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of Alberta, British Columbia, Ontario and Quebec, and in the 10-KSB annual report filed with the US Securities and Exchange Commission. The Company does not undertake to publicly revise or update any such statements on the basis of new Information, future events or any other event.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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