Cadillac Ventures, Inc

Cadillac Ventures is a Canadian exploration company that has built a foundation of strength based on the experience of its management team. This team is dedicated to the strategic development of the company's main projects and timely due diligence on forthcoming opportunities.

Exploration activities in Cadillac's property portfolio range from the grass roots stage to resource development projects and are not limited by geographical boundaries. The company holds the right to earn up to 90% interest on 14 separate properties within the prolific Iberian Pyrite Belt of southern Spain (JV with Minas de Aguas Tenidas, S.A., a wholly owned subsidiary of Iberian Minerals Corp.). Cadillac's diverse portfolio also boasts two advanced Canadian projects; the New Alger property, an historically productive gold property located in the Cadillac Mining Camp, Quebec, and New Alger property, an historically productive gold property located in the Cadillac Mining Camp, Quebec, and Burnt Hill (51% ownership in a joint venture with Noront Resources), an historic New Brunswick tungsten project brought to a pilot plant stage in the early 1980's, with numerous additional, un-explored tungsten and tin showings occurring over the Company's extensive claim area of approximately 10,432 hectares.

Cadillac Ventures provides a unique opportunity to participate alongside a management team with a history of creating wealth for their shareholders.

Corporate Overview

Thierry Project

The wholly owned Thierry Project covers over 11,000 acres located outside of the Town of Pickle Lake, in Northwestern Ontario. The Thierry Project, depicted below, hosting 4 known deposit areas; (1) The Thierry Mine (formerly operated as the UMEX Mine), (2) K1-1 Open Pit, (3) G Zone (historic UMEX identified deposit) and (4) J Zone (historic UMEX identified deposit.

Presently Cadillac has delineated NI 43-101 compliant Resources at the Thierry Mine and the K1-1 Deposit as detailed below. The current Resources are based upon the assumption that the two deposits will be mined together, thereby lowering certain of the mining costs due to efficiencies which it is assumed can be attained.

Thierry Mine (Underground)

February 2012 Updated Resource Estimate at a C$41/tonne NSR cut-off

(1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
(2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
(3) The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council
(4) The January 31, 2012 two year trailing average US metal prices used in this estimate were $3.72/lb Cu, $10.15/lb Ni, $28.18/oz Ag, $1,419/oz Au, $1,663/oz Pt and $639/oz Pd. The C$US$ Exchange rate was 0.99.
(5 ) Overall payable metal in the NSR calculation were 84% Cu, 13% Ni and 37% for Ag, Au, Pt & Pd.
(6) Costs used to determine the C$41/tonne NSR cut-off value are as follows: mining C$30/tonne, processing C$9.50/tonne and G&A C$1.50/tone (Processing and G&A costs were developed on a shared basis with K1-1)

K1-1 Deposit (Open Pit)

K1-1 Updated Inferred Mineral Resource Table

(1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
(2) The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
(3) The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
(4) Metal prices for the estimate are: US$3.72/lb Cu, US$10.15/lb Ni, US$1,663/oz Pt, US$639/oz Pd, US$1,419/oz Au, US$28.18/oz Ag, based on a Jan 31, 2012 two-year trailing average..
(5) Overall payable metal (process recovery x smelter payable) in the NSR calculation were 84% Cu, 13% Ni and 37% for Ag, Au, Pt & Pd.
(6) Mineral resources were determined within a Whittle pit shell with 50 degree slopes utilizing mining costs of C$1.85/tonne for mineralized material, $1.65/tonne for waste rock, and C$1.250/tonne for overburden.
(7) Costs used to determine the C$11/tonne NSR resource cut-off value were processing at C$9.50/tonne and G&A C$1.500/tonne.
(8) The K1-1 Mineral Resource Estimate were undertaken by Rick Routledge, P.Geo and Eugene Puritch, P.Eng. of P&E Mining Consultants Inc.

These Resources contain 875 million lbs of Cu in the Thierry Mine deposit and 449 million lbs of Cu in the K1-1 deposit.

Further Exploration

Presently the Thierry Mine and K1-1 Deposits are separated by approximately 3 kms., with no exploration program yet carried out to identify any relationship between the 2 deposits.

In addition to this Cadillac has not explored the historically identified G or J deposits, or any other known showings on the property, only a portion of which is occupied by the Thierry Mine and the K1-1 Open Pit deposits.

While occupied with increasing the Resources on the property Cadillac also commenced initial dewatering activities, commissioning environmental engineers to design a dewatering strategy which meets the requirements set out in the permits which Cadillac has in place to dewater Thierry, and drafting tender documents which will be made public to interested bidders at the appropriate time. 

SPAIN

The Iberian Pyrite Belt of southern Spain is one of the most outstanding massive sulphide provinces in the world, with about 1700 Mt total reserves (massive sulphides + stockworks), that make it one the largest sulphide concentrations in the earth's crust. It includes eight giant (>100 Mt) massive sulphide deposits (Rio Tinto, Aznalcollar-Los Frailes, Sotiel-Migollas, Tharsis, La Zarza, Masa Valverde, Aljustrel and Neves Corvo) and about 44 orebodies (>1 Mt) as well hundreds of prospects.

Cadillac Ventures has the option to earn up to 90% interest in 14 properties totaling approximately 232 km2 well situated within the prolific Iberian Pyrite Belt of southern Spain. (see press release December 17, 2008). The joint venture agreement is with Minas de Aguas Tenidas, S.A., a wholly owned subsidiary of Iberian Minerals Corp.

Properties

• Risquino Group - located 20 km from the Aguas Tenidas Mine and hosting strong untested gravity anomalies (a priority drill target);
• Cueva de la Mora Group - an intermediate stage property located approximately 5km east of Aguas Tenidas and hosting the former Angelita mine and prospect (a priority drill target);
• Cibeles - an early stage exploration property;
• Foch - encompassing a gravity anomaly on strike with the former Santa Barbara Mine requiring follow-up geophysics;
• Cuchillarejos Group - located between the Aguas Tenidas Mine and the former Rio Tinto Mine and encompassing a former producing copper mine (Chaparita Mine) and its unexplored environs, with anomalies identified and targeted for drill testing;
• Valo Group - an early stage exploration property encompassing known anomalies both along strike or in a similar setting to the nearby known Infanta deposit;
• Grupo La Romanera - an advanced exploration/evaluation stage property hosting the Romanera deposit;
• Grupo Vuelta Falsa - an early to intermediate stage exploration property with Vuelta Falsa, a small former producer, within the property limits, and untested gravity anomalies on the property;
• Valdelamusa Fraccion 1a - an early stage exploration evaluation project approximately 3km to the north of the Aguas Tenidas Mine;
• Penas Prietas - an early stage exploration evaluation project approximately 2.5 km south of and contiguous to the Aguas Tenidas Mine hosting two untested gravity anomalies;
• Majada - an intermediate stage property 17 km southeast of the Aguas Tenidas Mine hosting a partially delineated massive sulphide deposit with two additional untested geophysical targets and surface gossan zones;
• Los Toscanos - an early stage exploration property hosting untested gravity anomalies;
• Mora Fraccion 1 - an early stage property abutting the SE corner of the Aguas Tenidas property, contiguous to the Cueva de la Mora, Valdelamusa and Penas Prietas properties; and
• Ciceron - an early stage exploration property located due east and contiguous to the Aguas Tenidas property, hosting a large untested gravity anomaly requiring geophysical follow up

Quebec

New Alger Property

The New Alger project encompasses the historically productive Thomson-Cadillac mine. Although there was a shaft sunk to 1124 feet at the mine mining operations only reached a depth of 600 ft., with veining encountered as deep as the 1000 ft. level. The property is located within the Cadillac Mining Camp, only several hundred meters from the currently operating LaRonde Mine. The production shaft at LaRonde is is presently at 2,250 m.

At New Alger during the summer 2008 season the Company completed 3900m of drilling, from which 575 samples were selected and sent for processing. The Company is still awaiting the results, these will be released once available.

New Brunswick

Burnt Hill Project

The Burnt Hill Project consists of 4 claim areas, Burnt Hill, Tin Hill, McLean Brook and Todd Mountain. In addition to this initial claim package there were an additional 600 claims staked to cover prospective ground and tie the initial claims together.This project is a joint venture with Noront Resources (51% ownership - press release April 4/07). The Burnt Hill Claim had reached the pre-feasibility stage, with a pilot plant in operation on the property, in the early 1980s, at which point the price of tungsten plummeted. Tungsten is a strategic metal, the 2nd hardest substance with the highest melting point, and is critical in numerous industrial and military applications.

The mineralization at Burnt Hill is easily discernible wolframite in quartz veining, amenable to photometric sorting onsite prior to milling, as demonstrated historically. Also present in this claim group, as demonstrated historically, is molybdenum and tin. The Company is confident that the historical results can be confirmed in a 43-101 compliant manner.

At Burnt Hill the Company completed 2837m of drilling, with 2818 samples sent for processing. These samples included 64 grab samples selected during the Company's surface mapping of the main Burnt Hill block of the property and 194 samples selected from the historic 1979 core to test historically reported results. The Company is also awaiting the results from the processing of these samples.

Peter Gleeson
Chairman of the Board
   
Neil Novak, P. Geo
Director
   
David Danziger CA
Director
   
Norman Brewster P.Geo
President, CEO and Director
   
James Burke. M.Sc.Mineral Project Appraisal, B.Sc. Geology
Director
   
Jesus Fernandez Lopez. MA in Finance and Investment
Director
   
Jeremy Weir. B.Sc.
Director

As at March 31, 2012