Cadiscor Resources Inc.
TSX VENTURE : CAO
FRANKFURT : DQN

Cadiscor Resources Inc.

July 13, 2007 08:15 ET

Cadiscor Resources Announces $3.3M Private Placement Financing

MONTREAL, QUEBEC--(Marketwire - July 13, 2007) - Cadiscor Resources Inc. (TSX VENTURE:CAO)(FRANKFURT:DQN)("Cadiscor") is pleased to announce that it has entered into an agreement with Becher McMahon Capital Markets ("Becher McMahon") to realize a $3.3 million financing on a private placement basis. Under this agreement, Becher McMahon will arrange, on a best effort basis, the placement of 4,400,000 units ("Unit") of Cadiscor at a price of $0.75 per Unit. Each Unit is comprised of one common share of Cadiscor and one half of one warrant. Each full warrant will entitle the holder to purchase one Cadiscor common share at a price of $0.95 for a period of 18 months after the closing date of the financing. The Corporation at its option may increase the amount of the offering to $4,000,000.

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

The offering is expected to close on or about July 31, 2007 and is subject to certain conditions and the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange. The Unit shares and warrants will be subject to a hold period of four months and one day after the closing date.

Cadiscor will pay Becher McMahon a cash commission equal to 8.0% of the gross proceeds of the Offering. Becher McMahon will also receive compensation options equal to 10% of the total number of Units sold pursuant to the Offering. Each compensation option will entitle Becher McMahon to purchase one Unit at the issue price for a period of 18 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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