|April 02, 2008|
Burnt Hill Ownership Update
|Toronto, Ontario - April 2nd, 2008 - Cadillac Ventures Inc. (CDEX-CNQ) ("Cadillac") is pleased to announce that it has earned a 51% ownership interest in the Burnt Hill Project from Noront Resources Ltd.|
Cadillac has satisfied the conditions outlined in its press release of April 4th, 2007, which conditions included the payment of a total of $150,000 in cash to Noront, the payment of 2,500,000 common shares of Cadillac, and completion of a work commitment of $1,500,000. Cadillac has the option to acquire a further 14% interest in the Burnt Hill Project for the payment of $500,000 in either cash or stock.
During the Fall 2007 exploration season Burnt Hill was found to contain widespread tungsten and molybdenite mineralization in multiple zones along and across strike, and down dip from historically defined mineralization, please refer to Cadillac's press release of March 25th, 2008. Cadillac anticipates filing the 43-101 report on this work program in the near future.
Cadillac is publicly traded on the CNQ under the symbol CDEX. Currently, in addition to the joint venture on the Burnt Hill Project, Cadillac also holds the New Alger Project which encompasses the historic New Alger Mine, located in the highly prospective Cadillac Break Mining Camp. The New Alger Mine has been sporadically productive but has not been fully explored or exploited. The property is situated contiguous to the O'Brien Mine and approximately 300 m to the SE of the LaRonde Mine.
For more information regarding Cadillac please visit our website at www.cadillacventures.com
Or call Norm Brewster, President at (416)815-8666
Forward Looking Statements
This press release may include certain "Forward-Looking Statements" within the meaning of the applicable securities legislation. 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".
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