CNSX: CDC

TORONTO, ONTARIO--(Marketwire - Feb. 4, 2009) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Cadillac Ventures Inc. (CNSX:CDC) ("Cadillac" or the "Company") announces that it has entered into an agreement with Trafigura Beheer, B.V. ("Trafigura"), an existing shareholder of the Company, for a non-brokered private placement financing pursuant to which it will issue 6,542,056 units to Trafigura at $0.35 per unit for gross proceeds of approximately $2.3 million. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable, for 18 months, for one common share at $0.37 per share.

The proceeds from the financing will be used for exploration expenditures and general working capital purposes. The securities issued under the financing will be subject to restrictions on resale for four months.

Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), the financing constitutes a "related party transaction" for Cadillac as Trafigura currently holds 4,218,750 shares of Cadillac representing approximately 12% of Cadillac's issued and outstanding common shares. Cadillac is exempt from obtaining both a formal valuation and minority shareholder approval in connection with the financing because neither the fair market value of the common shares and warrants to be issued under the financing, nor the consideration for such securities, exceeds 25 per cent of the Company's market capitalization as calculated in accordance with MI 61-101.

The financing is expected to close on February 9, 2009. The expected closing date is less than 21 days from the date of this news release and is necessary in the circumstances given the parties' desire to close the financing without delay.

About Cadillac

Cadillac is a development focused exploration Company which, in addition to the MATSA Huelva Joint Venture, has two Canadian exploration projects, located in regions that have been historically active.

The New Alger project is a wholly owned, previously productive gold mine, located outside of Cadillac, Quebec. The Company has commenced a long term drill program designed to identify the scope of mineralization present on the Company's property along the Cadillac break, and outline new mineralization untouched by the historic, shallow, mining operations.

The Burnt Hill Project is 51% owned by the Company and located outside of Fredericton, New Brunswick. This operation was previously productive with a small scale pilot plant operating onsite recovering tungsten via photometric sorting. In recent drill campaigns the Company has received assay results demonstrating the previously disregarded presence of molybdenum and tin on the property. The objective of the drilling programs is the delineation of a 43-101 compliant reserve and resource, focusing in some part on the areas of historic production, in addition to the mineralization newly demonstrated at depth and along strike. The Company has also added significantly to the land position of this project, encompassing several other surface showing of tungsten, tin and molybdenum.