|May 13, 2008|
Incentive Options Issued
|Toronto, May 13, 2008 - Cadillac Ventures Inc. (CDEX-CNQ) ("Cadillac") announces that the Board of Directors has approved, subject to regulatory approval, the issuance of 625,000 incentive options to officers and consultants of Cadillac. These options are exercisable into common shares, with each option being exercisable into one common share at a price of $0.68, for a term of 5 years. The options were issued to officers as follows: Norman Brewster, President and CEO, was issued 300,000, Leo O'Shaughnessy, CFO, was issued 50,000, and John Conway, Secretary, was issued 25,000. The balance of 250,000 options were issued to consultants of Cadillac. The closing price of Cadillac's common shares on the date of grant was $0.68.|
Cadillac is publicly traded on the CNQ under the symbol CDEX. The New Alger Project is wholly owned by Cadillac and located in the "Cadillac Break" mining camp near Val D'or, Quebec. In the past New Alger was a historically productive gold mine known as the Thomson-Cadillac Mine. Cadillac has completed one season of exploration drilling on the property designed to test the extent of the known mineralization. In addition to this Cadillac is the 51% owner of, and operator of a joint venture on, the Burnt Hill Project located outside of Boiestown, New Brunswick. This property was intermittently productive historically for tungsten. During the last exploration season Cadillac also found molybdenum mineralization to be present on the property.
For more information regarding Cadillac please visit our website at www.cadillacventures.com, or call Norman Brewster, President at 416-815- 8666.
Forward Looking Statements
This press release may include certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are in Canadian dollars unless otherwise noted.
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