Cadillac Commences Review of Kirkland Lake Gold Property

TORONTO, ONTARIO -- (Marketwire) -- 02/22/13 -- Cadillac Ventures Inc. (TSX VENTURE: CDC) ("Cadillac" or the "Company") is pleased to announce the commencement of an internal review of Cadillac's Kirkland Lake Gold Property. The property, which Cadillac acquired as part of its acquisition of Richview Resources Inc. in January 2010, is located west of the town of Kirkland Lake, Ontario, within four kilometres of the producing Macassa Mine.

A preliminary review of Ontario Assessment records and a technical report filed on SEDAR under Richview's profile, has led Cadillac to form the following initial conclusions:


--  The Kirkland Main Break (04) has been mapped to within 500 metres of the
    eastern side of the southern part of the property.

--  The Larder Lake Break is within 100 metres of the southern boundary of
    the property.

--  The southern portion of the property is underlain by Timiskaming-Type
    Clasitc Metasedimentary rocks, the same rock type which underlies many
    of the mines and deposits on the Kirkland Main Break.

--  Previous work done on the southern portion of the property included
    detailed mapping of the property which uncovered the contact between the
    Temiskaming and Huronian sediments, which is interpreted to be a fault,
    located about 150m south of and parallel to Highway 568. This feature
    may relate to the Kirkland Main Break (04) to the east, with a similar
    strike.

--  The property encompasses the historic Four Nations Shaft. The Four
    Nations area has seen several exploration campaigns carried out, which
    included the deepening of the shaft to 536 feet (163 m), with lateral
    development on several levels between 1926 and 1928, along with surface
    trenching. This work, and subsequent drilling, were all focused on
    several gold bearing zones identified in the early 1900's. Records of
    exploration results are not all presently available to Cadillac, however
    reference has been found to early trenches defining a 200 foot (61m)
    strike length of 0.25 oz/T (8.57 g/t) Au over an average width of 7.8
    feet (2.38 m) (source: "Technical Report on the Kirkland Lake Gold
    Property, Grenfell Township Larder Lake Mining Division, Ontario" by
    Howard J. Coates M. Sc., P.Geo.).

At the time of Cadillac's acquisition of Richview, Richview had carried out limited exploration on the property which it did not pursue. Cadillac has commenced an internal review of this property and the planning of initial fieldwork in the spring.

"Cadillac is intrigued by the potential of this property. The compelling geological setting, the historic activity and location of the property all merit Cadillac's exploration attention. We look forward to developing this asset further," stated Norman Brewster P.Geo, President and CEO of Cadillac.

Information regarding the Kirkland Lake Gold Property contained in this press release has been derived from the above referenced Technical Report or the following publicly filed report: "Assessment Report on the Kirkland Lake Gold Property (South Area) Grenfel Township Larder Lake Mining District Ontario" by Aung Myint Thein M. Sc., P.Eng.

About Cadillac

Cadillac is a development-focused copper company currently advancing its 100% owned Thierry Property, near Pickle Lake, Ontario. The Thierry Property consists of the past producing Thierry Mine and hosts two NI 43-101 compliant resources: Thierry Mine and K1-1.

In addition, Cadillac also holds a 51% interest in the Burnt Hill Project, a historic tungsten/tin mine taken to test production by Mr. Norman Brewster P.Geo for Canadian International Paper during the early 1980's. Cadillac looks forward to resuming the development of this project.

Neither 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:
Cadillac Ventures Inc.
Norman Brewster
President and Chief Executive Officer
416 203-7722
www.cadillacventures.com

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here