Cadillac Closes $2.5 Million Financing

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 the closing of the first tranche of a private placement
financing led by NCP Northland Capital Partners Inc. and including Stifel
Nicolaus Canada Inc. and Secutor Capital Management Corporation (collectively,
the "Agents") (see the Company's news releases dated October 26, 2011 and
November 15, 2011) (the "Offering"). Pursuant to the Offering, an aggregate of
11,039,196 flow-through units ("FT Units") were sold at a price of $0.23 per FT
Unit for aggregate gross proceeds of approximately $2.5 million. Each FT Unit
consists of one common share issued on a "flow-through" basis and one-half of
one common share purchase warrant issued on a "flow-through" basis. Each whole
warrant (a "Warrant") entitles the holder to purchase one common share of the
Company at a price of $0.35 for a period of 24 months following closing.


The aggregate gross proceeds raised from the sale of the FT Units under the
Offering will be used for Canadian Exploration Expenses on the Company's Thierry
Property in Ontario.


The Company intends to close a second tranche of the Offering in December 2011.

The Agents were paid a cash commission equal to 7% of the gross proceeds of the
Offering raised from subscribers introduced to the Company by the Agents. In
addition, the Agents were issued an aggregate of 759,657 non-assignable warrants
of the Company (the "Broker Warrants"). Each Broker Warrant entitles the holder
thereof to acquire one common share of the Company at a price of $0.21 per share
for a period of 24 months following closing.


All of the securities issued under this first tranche of the Offering are
subject to a statutory hold period in Canada expiring on March 25, 2012. 


As part of the Offering, certain directors of Cadillac subscribed for an
aggregate of 186,956 FT Units on a non-brokered basis. Pursuant to Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special
Transactions ("MI 61-101"), the issuance of the FT Units to the directors of
Cadillac constitutes a "related party transaction". The Company is exempt from
obtaining both a formal valuation and minority shareholder approval in
connection with the issuance of the FT Units to the directors because neither
the fair market value of the common shares and warrants issued to the directors
under the Offering, nor the consideration for such securities, exceeds 25% of
the Company's market capitalization as calculated in accordance with MI 61-101.


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. 


Thierry Mine Deposit

The Thierry Mine is a past producing mine with a current resource estimate
consisting of 8.3 million tonnes measured and indicated grading 1.73% Cu and
0.20% Ni, and 14.6 million tonnes inferred grading 1.70% Cu and 0.16% Ni, using
a cut-off NSR of C$46.30/tonne. The deposit remains open at depth and to the
west. 


K1-1 Deposit

The K1-1 is a potentially open-pit, large tonnage, low grade deposit located
approximately 3 km from the past producing Thierry Mine. The inferred mineral
resource estimate for K1-1 within a Whittle pit shell consists of the following
20 million tonnes grading 0.42% Cu, 0.10% Ni, 2.0 g/t Ag, 0.03 g/t Au, 0.05 g/t
Pt, 0.15 g/t Pd. The K1-1 Deposit is open along strike and at depth.


For more information regarding Cadillac, please visit the Company's website at
www.cadillacventures.com.


Forward-Looking Statements

This news release contains forward-looking statements and information under
applicable securities laws, including with respect the Company's anticipated use
of proceeds and the completion of a second tranche and the timing related
thereto. 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. Such statements and
information 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 approvals (including from the TSX Venture Exchange),
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. Forward-looking information speaks only as of the date on
which it is provided and Cadillac assumes no obligation to revise or update
these forward-looking statements except as required by applicable law. All
dollar amounts are in Canadian dollars unless otherwise noted.