Cadillac Ventures Provides Shareholder Update

Rhea-AI Summary

Cadillac Ventures (TSXV: CDC) provided a shareholder update regarding multiple developments. The company is currently working with auditors and consultants to resolve a Cease Trade order related to financial statement issues. Additionally, Cadillac completed required field work at its Burnt Hill tungsten/molybdenum property in New Brunswick, which spans 14,000 hectares and contains significant mineral resources including:

- Indicated resource: 1.76M tonnes averaging 0.292% WO3, 0.007% MoS2, 0.008% SnO2 - Inferred resource: 1.52M tonnes averaging 0.263% WO3, 0.008% MoS2, 0.005% SnO2

The company also holds producing oil wells in Mississippi and is reviewing potential new project acquisitions.

Positive

• Completion of required field work at Burnt Hill property to meet assessment requirements
• Significant mineral resources confirmed at Burnt Hill property with 1.76M tonnes indicated and 1.52M tonnes inferred
• Company owns producing oil well assets in Mississippi
• Active review of new acquisition opportunities

Negative

• Company under Cease Trade order due to unresolved financial statement issues
• Ongoing audit issues requiring resolution
• Trading of shares currently suspended due to Cease Trade order

Pickering, Ontario--(Newsfile Corp. - May 1, 2025) - Cadillac Ventures Inc. (TSXV: CDC) ("Cadillac" or "the Company") would like to advise shareholders that it is currently working with its auditor and an independent consultant to resolve the Cease Trade order issued against the Company. Cadillac has certain issues to resolve as part of completing its financial statements and is working to resolve the issues. The Company is of the opinion that these issues can be resolved, and upon completion of subsequent audit requirements, the Cease Trade order resolved.

In addition, Cadillac would like to advise shareholders the field work required to meet assessment requirements on its Burnt Hill property was completed and the results filed. The Burnt Hill tungsten/molybdenum property covers approximately 14,000 hectares in central New Brunswick and hosts an NI 43-101 indicated resource of 1,761,000 tonnes within an open pit and underground averaging 0.292% WO3, 0.007% MoS2 and 0.008% SnO2, along with a further 1,520,000 inferred tonnes averaging 0.263% WO3, 0.008%MoS2 and 0.005% SnO2, as presented below. Also presented below, extracted from the 2013 Resource Report, are a statement of contained metal and a sensitivity analysis for the cut-off grades. In addition to the deposit area of the property there are several other areas of identified tin, tungsten and molybdenum mineralization within the property boundary not yet at the resource stage.

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In addition to the Burnt Hill tungsten deposit Cadillac holds several producing oil well assets in the State of Mississippi and is currently engaged in an acquisition review of several new projects.

Brian H. Newton, P.Geo, an independent qualified person pursuant to the guidelines of NI 43-101 has reviewed and approved the technical disclosure in this press release.

Cadillac contact information;
norman@cadillacventures.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250442

FAQ

Why is Cadillac Ventures (CADIF) under a Cease Trade order?

Cadillac Ventures is under a Cease Trade order due to unresolved issues with its financial statements. The company is working with auditors and independent consultants to resolve these issues.

What are the mineral resources at Cadillac Ventures' Burnt Hill property?

The Burnt Hill property contains an indicated resource of 1.76M tonnes (0.292% WO3, 0.007% MoS2, 0.008% SnO2) and an inferred resource of 1.52M tonnes (0.263% WO3, 0.008% MoS2, 0.005% SnO2).

Where are Cadillac Ventures' oil well assets located?

Cadillac Ventures owns producing oil well assets in the state of Mississippi.

How large is Cadillac Ventures' Burnt Hill property?

The Burnt Hill tungsten/molybdenum property covers approximately 14,000 hectares in central New Brunswick.

What steps is CADIF taking to resolve the Cease Trade order?

The company is working with its auditor and an independent consultant to resolve financial statement issues and complete subsequent audit requirements to lift the Cease Trade order.