CDC Cadillac Ventures Inc

Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is
pleased to announce that, further to its press release of February 17, 2011,
Cadillac has acquired an initial 30% indirect interest (the "Interest") in an
approximately 51,000 hectare mineral property located 100km north of Lima, the
capital city of Peru, and sometimes referred to as the 'Lima Norte property'
(the "Property"). Cadillac acquired the interest pursuant to an agreement (the
"Agreement") with Urion Mining International B.V. ("Urion"), an indirect
wholly-owned subsidiary of Trafigura Beheer B.V. Cadillac has been appointed as
manager of the Property with overall management responsibility for operations on
the Property.


Cadillac satisfied the CDN$310,000 purchase price for the Interest and the
reimbursement of the first annual payment of US$127,000 due in respect of the
Property by issuing 2,003,771 common shares to Urion at a price $0.218 per
share. The share price was based on the 10-day average closing price of
Cadillac's common shares on the TSX Venture Exchange two business days prior to
the closing date. 


Cadillac will have the option to acquire up to an additional 50% indirect
interest in the Property by funding expenditures on the Property of at least
CDN$2,250,000 over a three-year period.  


Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security
Holders in Special Transactions ("MI 61-101"), the transaction constituted a
"related party transaction", as Urion is a control person of the Company. The
Company was exempt from obtaining both a formal valuation and minority
shareholder approval in connection with the transaction because neither the fair
market value of assets acquired from Urion, nor the consideration for such
assets, exceeds 25% of the Company's market capitalization as calculated in
accordance with MI 61-101.


Lima Norte Property 

The Lima Norte property is located on the Pacific coast of Peru, geologically it
is situated in the volcano-sedimentary Casma Group along the Cretaceous Coastal
Basin. The Casma Group hosts several VHMS (Volcanic Hosted Massive Sulphide)
deposits and mines in the coastal area of Central Peru, including Perubar, Tambo
Grande, Colquisiri, Cerro Lindo and Eliana.


The Property has been flown with airborne Mag and EM by Urion, and a ground
prospecting program over copper bearing volcanic outcrop on the Property has
been completed. Several airborne anomalies have been identified and high
priority drill targets located. These will be the subject of the first program.


About Cadillac

Cadillac's Thierry Mine project has a measured and indicated mineral resource of
6.2 million tonnes at a grade of 1.92% Cu, and an additional inferred mineral
resource of 8.2 million tonnes at a grade of 1.79% Cu (see the Company's 43-101
compliant report entitled "Technical Report and Updated Resource Estimate on the
Thierry CU-NI-PGE Mine Property, Pickle Lake Area, Patricia Mining District,
North-Western Ontario, Canada" dated July 2010 and filed on Sedar). In addition
the resource includes Nickel, Silver, Gold, Platinum and Palladium. The Thierry
Mine is located in Northwestern Ontario, is wholly owned by Cadillac, and was
last in operation under UMEX in the early 1980s, leaving significant underground
development in place. Since re-acquiring the Thierry Mine project, Cadillac has
been focusing on adding to the resource in the immediate area of the mine by
drilling a gap in the NI 43-101 deposit model referred to as the tooth, which
management has internally calculated contains six million tonnes of material,
this program has just been completed, with final results still pending. All of
the holes successfully intersected mineralization of a grade and width that
supported management's assumption regarding the continuation of the model at
depth through the tooth. In addition, drilling along strike to both the east and
the west has intersected mineralization outside of the NI 43-101 model.
Cadillac's property position at Thierry is large and hosts other exploration
targets, including the K1-1 deposit, known from historical drill records which
are not NI 43-101 compliant, to be a large, low grade and shallow occurrence
approximately three km to the east of the old Thierry Mine shaft, which also had
within it higher grade intersections. Cadillac is currently investigating this
deposit with several initial drill holes.


International exploration potential is also held by Cadillac, a joint venture
partner with Minas de Aguas Tenidas, S.A.U. ("MATSA") regarding the exploration
of 12 different investigation licenses encompassing over 230 square kilometers
surrounding the Aguas Tenidas Mine held by MATSA (a wholly owned subsidiary of
Iberian Minerals Corp.) in the Iberian Pyrite Belt of southern Spain. Each of
these licenses hosts visible mineralization and/or evidence of historical mining
activities. In order to earn a 90% interest in the entire license package
Cadillac has embarked on a survey drill program over several of these licenses
which is nearing completion augmented by geophysics. The information produced by
this program has been assembled and is guiding management in prioritizing these
properties for individual definition campaigns.


The three other projects held by Cadillac consist of: (i) the Burnt Hill
Project, a 51% owned tungsten tin project located outside of Fredericton, New
Brunswick and where Cadillac obtained positive drill results and new evidence of
mineralization at the extents of this large property last summer and which is
slated for follow up work in the Summer/Fall 2011 season; (ii) the Pickle Lake
Gold project, a land package contiguous to three formerly productive historic
gold mines which has been joint ventured to Newcastle Minerals Ltd.; and (iii)
the New Alger project located in the Cadillac Break mining camp in Quebec which
is a gold project joint ventured to Renforth Resources Inc.

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