Canadian Imperial Venture Corp. announces closing of private placement

    
    Trading Symbols:
    TSX Venture Exchange: CQV
    Frankfurt Stock Exchange: DFM
    

ST. JOHN'S, NL, Sept. 8 /CNW/ - Canadian Imperial Venture Corp. ("CIVC" / the "Company") is pleased to announce the final closing of the non-brokered private placement previously announced on June 3, 2009. The private placement had three closings whereby a total of 42,000,000 Units and 11,750,000 Flow-through Shares were sold for proceeds of $1,075,000. Under the final closing, a total of 2,500,000 Units and 4,500,000 Flow-through Shares were sold for proceeds of $140,000. All securities purchased under this closing will have a four-month hold period, which expires January 5, 2010.

The proceeds from the private placement will be used for additional exploration on the Company's properties in Western Newfoundland and in Alberta and for working capital. Each Unit consists of one common share in the capital of the Company and one-half of one non- transferable share purchase warrant ("Warrant"). One whole Warrant will entitle the holder to buy an additional share in the capital of the Company for a period of two years at a price of $0.05 per share during the first year and at a price of $0.10 per share during the remaining term of the Warrant.

Canadian Imperial Venture Corp. is an independent Canadian-based energy company with interests in petroleum exploration and development in western Newfoundland and in western Canada. Eastern Canada is the home to such developments as the Hibernia, Terra Nova, White Rose, Sable Island, Deep Panuke, and McCully fields.

    
    CANADIAN IMPERIAL VENTURE CORP.

    By: "Gerard Edwards"
        ----------------
    Gerard Edwards, MBA
    Chief Financial Officer

    Neither the TSX Venture Exchange nor its Regulation Services Provider
    (as that term is defined in the policies of the TSX Venture Exchange)
    accepts responsibility for the adequacy or accuracy of this release.
    

Contacts

Canadian Imperial Venture Corp. (709) 739-6700
Fax: (709) 739-6605
info@canadianimperial.com
website: www.canadianimperial.com