has been awarded a contract to drill a minimum 6,000 meters for Cadillac Ventures Inc. (CNQ: CDEX) at their

historic Burnt Hill tungsten – molybdenum project near Fredericton, New Brunswick. The Burnt Hill Project is

a joint venture between Cadillac Ventures Inc. and Noront Resources Inc. (TSX-V: NOT). (See Cadillac news

release dated April 4 and Sept. 20, 2007).

The Company is operating two drills on site with the objective of twinning historic holes in order to bring the

Burnt Hill historical data to a NI 43-101 compliant level to enable a current resource calculation. Cadillac will

also be drilling a number of new holes recommended by P&E Engineering of Brampton, Ontario in an effort to

increase the present resource and explore some of their newly staked property. An airborne geophysical survey

has been booked and will be conducted over the entire land package by the beginning of November.

Cadillac is publicly traded on the CNQ under the symbol CDEX. Currently, in addition to the joint venture on

the Burnt Hill Project, Cadillac also holds the New Alger Project which encompasses the historic New Alger

Mine, located in the highly prospective Cadillac Break Mining Camp, Quebec. The New Alger Mine has been

sporadically productive but has not been fully explored or exploited. The property is situated contiguous to the

O'Brien Mine and approximately 300 m to the SE of the LaRonde Mine.

Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia,

Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in

Surrey, British Columbia; Montréal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as

Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of

Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company’s common shares

trade on the TSX Venture Exchange under the symbol: CBE.

ON BEHALF OF THE BOARD