Cadiscor Resources Inc.
TSX VENTURE : CAO
FRANKFURT : DQN

Cadiscor Resources Inc.

July 11, 2007 08:15 ET

Cadiscor Resources: Exploration Update

MONTREAL, QUEBEC--(Marketwire - July 11, 2007) - Cadiscor Resources Inc. ("Cadiscor") (TSX VENTURE:CAO) (FRANKFURT:DQN) is pleased to announce the following upcoming activities on its properties:

Discovery Gold Property (100% interest):

On May 24 2007, Cadiscor released the results of a new 43-101 resource calculation showing significant increases in all resource categories. Given on these excellent results, Cadiscor issued a call for tenders for a Scoping Study (Preliminary Economic Study Evaluation) of the Discovery gold deposit. Based on the new 43-101 resource estimate, the study will propose an underground exploration program to pursue the evaluation of the continuity and grade of the deposit. It will also include an underground bulk sampling program and additional underground exploration drilling at depth.

The Company is also preparing a new surface drilling program on Discovery. This 6,000 meter program will test the depth (-700 meters) and lateral extensions of the gold zones that presently remain open at depth and along strike. The drilling program budget is estimated at $750,000.

Cameron Shear Gold Property (Option to acquire a 50% interest from Canadian Royalties):

The Cameron Shear property covers an eight-kilometre section of the eastern extension of the geological formations that host the gold mineralization on the Discovery Property. At the beginning of 2007, Cadiscor commissioned an airborne magnetic and electromagnetic survey covering the entire property. The survey was completed in February and results were analysed in light of Cadiscor's knowledge of the neighbouring Discovery property. Using the geological and geophysical data, four priority areas were identified on the property. One of these corresponds to high gold anomalies in till at the bedrock contact, sampled by an overburden drilling program in the 80's. A geological team will be on the property in two weeks to conduct geological and geochemical surveys. Follow-up drilling is planned, depending on the results. The total budget for 2007 is $120,000.

Montbray Gold Property (Agnico-Eagle option to acquire a 50% interest from Cadiscor):

Agnico-Eagle Limited has advised Cadiscor that it has completed the geological compilation of the property. A program comprising line cutting and an Induced Polarisation survey was also carried out on the property. Geological mapping, stripping and sampling are planned for this summer, with follow-up drilling scheduled for the fall. The 2007 budget is estimated at $100,000.

Other Properties:

Cadiscor is constantly assessing other properties and business opportunities. Management is looking into various opportunities with a view to expanding the Company's mining portfolio.

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