|November 18, 2008|
Cadillac Announces Senior Manangement Appointment
|Toronto, November 18, 2008 -- Cadillac Ventures Inc. (CDC-CNQ) ("Cadillac" or "the Company") is pleased to announce that David Poynton has joined the Company as Senior Vice-President and General Counsel. Mr. Poynton brings to the Company legal expertise in excess of 20 years experience in private practice, focused on domestic and international mining business affairs and financing transactions. This experience has formed the basis of Mr. Poynton's unique understanding of the diverse issues which face global exploration and development focused companies such as Cadillac.|
Mr. Norman Brewster, President, warmly welcomes David to the Cadillac team and states "I am confident Cadillac will benefit from the level of knowledge and breadth of experience which David possess in the mineral sector, which I have experienced first
hand in our years of association."
In conjunction with his appointment the Company has granted Mr. Poynton 300,000 options to purchase common shares of the Company, at a price of $0.45 per common share. These options have a 5 year term, and vest over 24 months, with one-third (100,000) options vesting at issue, one-third (100,000) after 12 months, and one-third (100,000) after 24 months, subject to regulatory approval.
Cadillac is a development focused exploration Company which presently has two Canadian exploration projects, located in regions that have been historically active.
The New Alger project is a wholly owned, previously productive gold mine, located outside of Cadillac, Quebec. The Company has commenced a long term drill program designed to identify the scope of mineralization present on the Company's property along the Cadillac break, and outline new mineralization untouched by the historic, shallow, mining operations.
The Burnt Hill Project is 51% owned by the Company, and located outside of Fredericton, New Brunswick. This operation was previously productive with a small scale pilot plant operating onsite recovering tungsten via photometric sorting. In recent drill campaigns the Company has received assay results demonstrating the previously disregarded presence of molybdenum and tin on the property. The objective of the drilling programs is the delineation of a 43-101 compliant reserve and resource, focusing in some part on the areas of historic production, in addition to the mineralization newly demonstrated at depth and along strike. The Company has also added significantly to the land position of this project, encompassing several other surface showing of tungsten, tin and molybdenum.
Cadillac is publicly traded on the CNQ under the symbol CDC. 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
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