Cadillac Closes Private Placement for $900,000

TORONTO, ONTARIO--(Marketwired - Oct. 5, 2016) - Cadillac Ventures Inc. (TSX VENTURE:CDC)(GREY:CADIF) ("Cadillac" or the "Company") is pleased to report that it has closed the Private Placement announced in the Company's press release of September 22nd, 2016. The Placement was for a total of $900,000. The Company also reports that it has received the $100,000 payment from Northern Fox Resources Inc. as part of the option agreement for the Thierry Property as announced on July 25th, 2016.

Cadillac is very pleased to have completed the Placement with new investor Best Path Developments Limited and two additional independent placees. "The proposed addition of Mr. Youliang Wang CEO of Best Path to the board of directors at the Company's AGM scheduled for November 11, 2016 and his appointment as Chairman immediately thereafter will add additional financial strength and a new outlook to Cadillac," states Mr. Brewster President and CEO of Cadillac.

For more information regarding Cadillac, please visit the Company's website at www.cadillacventures.com, or call Norman Brewster, President and Chief Executive Officer, at 416 203-7722. 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.