Cadiscor Resources Inc.
TSX VENTURE : CAO
FRANKFURT : DQN

Cadiscor Resources Inc.

November 30, 2006 11:05 ET

Cadiscor Resources Options its Montbray Gold Property to Agnico-Eagle Mines

MONTREAL, QUEBEC--(CCNMatthews - Nov. 30, 2006) - Cadiscor Resources Inc. ("Cadiscor") (TSX VENTURE:CAO)(FRANKFURT:DQN) is pleased to announce that it has signed a Letter of Intent with Agnico-Eagle Mines Limited ("Agnico") regarding Cadiscor's Montbray gold property ("the Property"), located north of Rouyn-Noranda, Quebec.



The main elements of the Option are as follows:

- Agnico may acquire a 50% undivided interest in the Property and
exercise its option by incurring $750,000 in exploration
expenditures and making cash payments of $60,000 over four years,
including $20,000 on signature;

- As Operator, Agnico will have a casting vote;

- Agnico will also have the option to increase its interest in the
Property from 50% to 60% for a three-year period after the option
is exercised, by either:

- Funding up to $10,000,000 in additional exploration on the
property. Each $1,000,000 that Agnico spends on the property
will increase its interest by 1%, up to a maximum of 10%; or

- Funding a bankable feasibility study on the Property.


Previous drilling carried out by Altavista Mines Ltd. on the Property in 1996 returned values of 7.67g/t Au over 2.35 meters and 2.96 g/t Au over 2.18 meters (Holes MB96-01 and MB96-02). Agnico is also the owner of an adjacent property to the west, where it has been actively exploring for the last few years.

The transaction is subject to board approval for both companies, due diligence reviews and regulatory approval.

Cadiscor is a Canadian company engaged in gold exploration. Its most advanced project is the Discovery project, on which a major drilling program (19,000-meter first phase) is presently being carried.

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