CDC Cadillac Ventures Inc

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. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is
pleased to announce that it has closed a portion of the private placement
announced on June 1, 2010 for aggregate gross proceeds of approximately $1
million. On closing, Cadillac issued 2,876,000 units ("Units") and 1,484,000
flow-through units ("Flow-Through Units"). Each Unit was issued at $0.22 and
consists of one common share and one-half of one warrant. Each Flow-through Unit
was issued at $0.25 and consists of one "flow-through" common share and one-half
of one warrant. Each whole warrant will be exercisable for 24 months for one
common share at $0.35.


Cadillac is also pleased to announce that, due to investor demand, it has
increased the size of the private placement by approximately $860,000 for
aggregate gross proceeds of up to $4.61 million. The proceeds from the financing
will principally be used for exploration expenditures in respect of Cadillac's
work projects and for general working capital purposes.


In connection with the closing, Cadillac paid a cash finder's fee totalling
$53,898 and issued 228,800 compensation options to registrants in connection
with closing of the first tranche of the offering. Each compensation option
entitles the holder to purchase one common share of Cadillac at a price of $0.35
per share for one year.


All of the securities issued in the first tranche of the private placement are
subject to a four-month statutory hold period, which will expire on October 12,
2010.


About Cadillac

Cadillac is a development-focused exploration company which has the
past-producing Thierry Property near Pickle Lake in Northern Ontario, several
exploration projects in Spain in joint venture with MATSA and three Canadian
exploration projects, located in regions that have been historically active.


The Thierry Property encompasses the past producing Thierry Mine which ceased
production in 1982 leaving mineralization in situ. In addition to the Thierry
mine project Cadillac wholly owns the New Alger project, a previously productive
gold mine, located outside of Cadillac, Quebec, where the Company has entered
into a joint venture agreement with Renforth Resources Inc. for a three year
$2.5 million exploration program. In Spain, the Company is joint venture partner
with Minas de Aguas Tenidas, S.A.U. regarding the exploration of 12 different
investigation licenses surrounding the Aguas Tenidas Mine in the Iberian Pyrite
Belt of southern Spain. The Burnt Hill Project is a 51% owned tungsten tin
project located outside of Fredericton, New Brunswick. The Company also holds
the Pickle Gold project comprised of 21 claims in the vicinity of 3 historically
productive gold mines near Pickle Lake, and the Kirkland Gold project, located
about 15 kilometres west of the town of Kirkland Lake.


Forward Looking Statements

This news release may contain certain forward-looking statements under
applicable securities laws. All statements, other than statements of historical
fact, are forward looking. Forward-looking statements are frequently identified
by such words as 'may', 'will', 'plan', 'expect', 'believe', 'anticipate',
'estimate', 'intend' and similar words referring to future events and results.
Forward-looking statements are based on the current opinions and expectations of
management. All forward-looking information is inherently uncertain and subject
to a variety of assumptions, risks and uncertainties, including the speculative
nature of mineral exploration and development, fluctuating commodity prices, the
risks of obtaining necessary licences and permits and the availability of
financing, as described in more detail in the Company's securities filings
available at www.sedar.com. Actual events or results may differ materially from
those projected in the forward-looking statements and the reader is cautioned
against placing undue reliance thereon. Cadillac assumes no obligation to revise
or update these forward-looking statements except as required by law. All dollar
amounts are in Canadian dollars unless otherwise noted.

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