Cadiscor Resources Inc.

Cadiscor Resources Inc.

July 17, 2007 09:45 ET

Cadiscor Resources Announces Initiation of Scoping Study on its Discovery Property

MONTREAL, QUEBEC--(Marketwire - July 17, 2007) - Cadiscor Resources Inc. ("Cadiscor") (TSX VENTURE:CAO)(FRANKFURT:DQN) is pleased to announce that it has selected independent consulting firm InnovExplo Inc. (InnovExplo) of Val-d'Or to carry out a scoping study on its Discovery property. The purpose of the study will be to evaluate the economic potential of the Discovery mineral resource and propose an underground exploration program to further assess the geological and grade continuity of the deposit. The study will include a bulk sampling and underground definition drilling program aimed at upgrading the current resource. An underground deep drilling program will also be proposed to test the continuity of the mineralized zones.

On May 24, 2007, Cadiscor released the results of the new resource estimate for its wholly-owned Discovery gold project. The estimate by InnovExplo Inc. complies with 43-101, Standards of Disclosure for Mineral Projects. The complete 43-101 technical report was filed on SEDAR on July 4, 2007. It includes previous drill results used in the May 2006 43-101 Report on the Discovery gold deposit and new assay results from the 26,300-metre drilling program (39 holes) carried on the property between October 2006 and March 31, 2007.

Measured and indicated resources are estimated at 1,163,186 tonnes at an average grade of 5.53 g/t for a total of 206,624 ounces of gold. In addition, a total of 966,864 tonnes at an average grade of 6.06 g/t for a total of 188,510 ounces of gold are classified as inferred resources. The average horizontal width of the intercepts of the measured and indicated resources is more than 3.9 metres.

Furthermore, in its report, InnovExplo concludes that all the gold zones remain open at depth and along strike. The deepest hole on the Central zone, Hole B-07-136C, intersected 3.12 metres grading 4.93 g/t Au at a depth of 890 metres. On the east zone, the deepest hole, Hole B-06-123, intersected 5.4 metres grading 13.1 g/t Au at a depth of 600 metres.

The scoping study will be delivered to Cadiscor at the end of September 2007.

On June 11, 2007, The Company has announced that it was planning a new surface drilling program on Discovery. This 6,000 metres program will test the depth (-700 meters) and lateral extensions of the gold zones that presently remain open at depth and along strike.

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.


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