Cadillac Acquires Interest in Mineral Property in Peru

   Cadillac Ventures Inc. (TSX VENTURE: CDC) ("Cadillac" or the "Company") is pleased to announce that, further to its press release of February 17, 2011, Cadillac has acquired an initial 30% indirect interest (the "Interest") in an approximately 51,000 hectare mineral property located 100km north of Lima, the capital city of Peru, and sometimes referred to as the 'Lima Norte property' (the "Property"). Cadillac acquired the interest pursuant to an agreement (the "Agreement") with Urion Mining International B.V. ("Urion"), an indirect wholly-owned subsidiary of Trafigura Beheer B.V. Cadillac has been appointed as manager of the Property with overall management responsibility for operations on the Property.

Cadillac satisfied the CDN$310,000 purchase price for the Interest and the reimbursement of the first annual payment of US$127,000 due in respect of the Property by issuing 2,003,771 common shares to Urion at a price $0.218 per share. The share price was based on the 10-day average closing price of Cadillac's common shares on the TSX Venture Exchange two business days prior to the closing date.

Cadillac will have the option to acquire up to an additional 50% indirect interest in the Property by funding expenditures on the Property of at least CDN$2,250,000 over a three-year period.

Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), the transaction constituted a "related party transaction", as Urion is a control person of the Company. The Company was exempt from obtaining both a formal valuation and minority shareholder approval in connection with the transaction because neither the fair market value of assets acquired from Urion, nor the consideration for such assets, exceeds 25% of the Company's market capitalization as calculated in accordance with MI 61-101.

Lima Norte Property

The Lima Norte property is located on the Pacific coast of Peru, geologically it is situated in the volcano-sedimentary Casma Group along the Cretaceous Coastal Basin. The Casma Group hosts several VHMS (Volcanic Hosted Massive Sulphide) deposits and mines in the coastal area of Central Peru, including Perubar, Tambo Grande, Colquisiri, Cerro Lindo and Eliana.

The Property has been flown with airborne Mag and EM by Urion, and a ground prospecting program over copper bearing volcanic outcrop on the Property has been completed. Several airborne anomalies have been identified and high priority drill targets located. These will be the subject of the first program.

About Cadillac

Cadillac's Thierry Mine project has a measured and indicated mineral resource of 6.2 million tonnes at a grade of 1.92% Cu, and an additional inferred mineral resource of 8.2 million tonnes at a grade of 1.79% Cu (see the Company's 43-101 compliant report entitled "Technical Report and Updated Resource Estimate on the Thierry CU-NI-PGE Mine Property, Pickle Lake Area, Patricia Mining District, North-Western Ontario, Canada" dated July 2010 and filed on Sedar). In addition the resource includes Nickel, Silver, Gold, Platinum and Palladium. The Thierry Mine is located in Northwestern Ontario, is wholly owned by Cadillac, and was last in operation under UMEX in the early 1980s, leaving significant underground development in place. Since re-acquiring the Thierry Mine project, Cadillac has been focusing on adding to the resource in the immediate area of the mine by drilling a gap in the NI 43-101 deposit model referred to as the tooth, which management has internally calculated contains six million tonnes of material, this program has just been completed, with final results still pending. All of the holes successfully intersected mineralization of a grade and width that supported management's assumption regarding the continuation of the model at depth through the tooth. In addition, drilling along strike to both the east and the west has intersected mineralization outside of the NI 43-101 model. Cadillac's property position at Thierry is large and hosts other exploration targets, including the K1-1 deposit, known from historical drill records which are not NI 43-101 compliant, to be a large, low grade and shallow occurrence approximately three km to the east of the old Thierry Mine shaft, which also had within it higher grade intersections. Cadillac is currently investigating this deposit with several initial drill holes.

International exploration potential is also held by Cadillac, a joint venture partner with Minas de Aguas Tenidas, S.A.U. ("MATSA") regarding the exploration of 12 different investigation licenses encompassing over 230 square kilometers surrounding the Aguas Tenidas Mine held by MATSA (a wholly owned subsidiary of Iberian Minerals Corp.) in the Iberian Pyrite Belt of southern Spain. Each of these licenses hosts visible mineralization and/or evidence of historical mining activities. In order to earn a 90% interest in the entire license package Cadillac has embarked on a survey drill program over several of these licenses which is nearing completion augmented by geophysics. The information produced by this program has been assembled and is guiding management in prioritizing these properties for individual definition campaigns.

The three other projects held by Cadillac consist of: (i) the Burnt Hill Project, a 51% owned tungsten tin project located outside of Fredericton, New Brunswick and where Cadillac obtained positive drill results and new evidence of mineralization at the extents of this large property last summer and which is slated for follow up work in the Summer/Fall 2011 season; (ii) the Pickle Lake Gold project, a land package contiguous to three formerly productive historic gold mines which has been joint ventured to Newcastle Minerals Ltd.; and (iii) the New Alger project located in the Cadillac Break mining camp in Quebec which is a gold project joint ventured to Renforth Resources Inc.

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