Cadiscor: New Terms for the Acquisition of the Sleeping Giant Mine and Mill

  Cadiscor Resources Inc. ("Cadiscor") (TSX VENTURE: CAO)(FRANKFURT: DQN) is pleased to announce amendments to the formal agreement with IAMGOLD Corporation ("IAMGOLD") granting Cadiscor the option to acquire a 100% interest in the Sleeping Giant Mine and its related milling facilities(the "Mine'').

Cadiscor will take possession of the Mine at the end of October 2008.

The Mine is located in the Abitibi region of Quebec, approximately 80 km north of Amos, and has been in production since 1988.

On signature of the agreement on December 11, 2007, Cadiscor made a cash payment of CAN $300,000 and issued 600 000 common shares to IAMGOLD. Cadiscor also issued 1,000,000 warrants to IAMGOLD entitling it to purchase the same number of common shares of Cadiscor at a price of $1.00 until April 1st, 2009. The terms of the warrants have been changed: the subscription price is now $ 0.70 per share and they are exercisable until December 31, 2010.

The original agreement provided for Cadiscor to pay IAMGOLD an amount of CAN $5,000,000 upon taking possession of the Mine, either in cash or by issuance of an equivalent amount in common shares, at Cadiscor's sole discretion. The amended agreement calls for Cadiscor to issue IAMGOLD CAN $1.5 million in common shares priced at $0.35 per share. The CAN $3.5 million balance will be paid by the issuance of an unsecured convertible debenture bearing interest at 5%. The interest will be paid yearly, in advance. This three-year debenture will be convertible by IAMGOLD into Cadiscor's shares at a conversion price of $0.47/share the first year, $0.51/share the second year and $0.56/share the third year.

Cadiscor may repay the debenture for cash at any time. Cadiscor may force conversion should the shares trade at a price that is at least 15% higher than the appropriate annual conversion price premium for a twenty-day trading periods.

The remaining terms of the original agreement (see December 11, 2007 press release) remain in effect.

The amendments to the agreement are subject to the approval of the TSX Venture Exchange.

Forward-Looking Statements

This press release contains forward-looking statements subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct, and actual results and future events could differ materially from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of Alberta, British Columbia and Quebec, and in the 10-KSB annual report filed with the US Securities and Exchange Commission. The Company does not undertake to publicly revise or update any such statements on the basis of new Information, future events or any other event.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts: Cadiscor Resources Inc. Michel Bouchard President 450-449-0066/1-877-440-0066 [e-mail] www.cadiscor.com Cadiscor Resources Inc. Linda Plante Investor Relations 450-449-0066/1-877-440-0066 [e-mail] 314 Finance Corp. Tasso Baras Investor Relations 604-738-3882