|November 27, 2007|
Proposed Private Placement
|Toronto, November 27th, 2007 - Cadillac Ventures Inc. (CDEX -CNQ) ("Cadillac") is pleased to announce the following proposed private placement financings:|
The Company is pleased to inform shareholders that programs are well underway at both projects.
At Burnt Hill the Company, in conjunction with joint venture partner Noront Resources Inc., has completed 1800 metres of drilling in 3 holes. The drill program is ongoing with 2 drills operational 24 hours a day, 7 days a week, drilling further targets as selected by Company personnel. The core is being logged by the geologists on site, and as appropriate samples have been sent for analysis, results will be disclosed once available. The Company has recently added to the ground package by staking 600 claims, these claims were staked in order to cover prospective ground and tie the previously existing claim areas together.
At New Alger the Company has completed 2292 m of drilling in 7 holes to date. The core resultant from these holes is being logged, and samples selected and prepared by Gilles Tremblay P.Eng., IQP for the Company, assays will be released publicly once available.
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".
The CNQ does not accept responsibility for the adequacy or accuracy of this release.