TORONTO, ONTARIO--(Marketwired - May 30, 2013) -

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 very pleased to announce the closing of its previously announced private placement offering of units ("Units") of the Company (see the Company's new releases dated March 1 and April 22, 2013) for gross proceeds of $1,200,000. Pursuant to the offering, 20,000,000 Units were sold at a price of $0.06. Each Unit consists of one common share of Cadillac and one common share purchase warrant, exercisable for 30 months following closing for an additional common share at $0.10.

Sino-Canada Natural Resources Fund I ("Sino-Canada") subscribed for 100% of the offering. On closing, Sino-Canada has acquired and now owns approximately 12.1% of Cadillac's issued and outstanding common shares (approximately 21.7% assuming full exercise of its warrants) and has become an "insider" of Cadillac. Sino-Canada has also acquired the right to appoint one director to the board of directors of Cadillac for so long as Sino-Canada owns greater than seven percent of the issued and outstanding common shares of Cadillac. Sino-Canada has nominated Mr. Bing Pan and it is expected that Mr. Pan will be appointed to the Cadillac board as soon as possible following closing.

On closing, Cadillac paid a finder's fee equal to 9% of the gross proceeds of the offering and issued to the finder 1,800,000 non-transferable warrants of the Company (the "Finder's Warrants"). Each Finder's Warrant entitles the finder to acquire one common share of the Company at a price of $0.10 per share for a period of 18 months following closing.

Cadillac intends to use the proceeds from the private placement for expenditures on its Canadian exploration properties and for general working capital purposes.

All securities issued under the offering are subject to a statutory hold period in Canada expiring on October 1, 2013.

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.

About Sino-Canada

Sino-Canada is a Cayman Islands registered private equity fund focused on investments in Canadian listed and private companies that develop and operate natural resource projects (mining, oil & gas, forestry) worldwide. Sino-Canada is managed in Hong Kong on behalf of private investors from China.