|July 15, 2009|
Cadillac Announces Granting of Options
|Toronto, July 15, 2009 - Cadillac Ventures Inc. (TSXV-CDC) ("Cadillac" or the "Company") announced today that a total of 800,000 options to acquire commons shares of the Company have been issued to directors, officers, employees and consultants at a exercise price of $0.45 per common share. All options are non-assignable and have a five year term. Options for directors vest immediately while those for others vest over eighteen months one-third on the date of grant, and one-third each at nine and eighteen months after the date of grant.|
There are now a total of 3,600,000 options to acquire common shares outstanding pursuant to the Company's Stock Option Plan.
Cadillac is a development focused exploration Company which has two Canadian exploration projects, located in regions that have been historically active, and exploration projects in Spain and Argentina.
The New Alger project located outside of Cadillac, Quebec is wholly-owned, previously producing gold mine, where the Company has commenced a long term drill program designed to identify the scope of mineralization present on the Company's property. The Burnt Hill Project is 51% owned tungsten tin project located outside of Fredericton, New Brunswick. In Spain, the Company is joint venture partner with Minas de Aguas Tenidas, S.A.U. regarding the exploration of a number of high potential properties surrounding the Aguas Tenidas Mine. In Argentina, the Company is currently party to a heads of agreement with Latin American Minerals Inc for a joint venture regarding the Tendal VMS project, La Rioja Province.
For more information regarding Cadillac, please visit our website at www.cadillacventures.com, or call Norman Brewster, President and Chief Executive Officer, at 416 203-7722.
Forward Looking Statements
This news release may contain certain forward-looking statements under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "believe", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary licences and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Cadillac assumes no obligation to revise or update these forward-looking statements except as required by law. All dollar amounts are in Canadian dollars unless otherwise noted.