Mr. Norman Brewster reports

CADILLAC ANNOUNCES CONDITIONAL TSXV APPROVAL FOR DEBENTURE FINANCING

Cadillac Ventures Inc. has received conditional TSX Venture Exchange approval in connection with revised convertible debenture terms on the memorandum of understanding (MOU) entered into with CapitalAsia Asset Management Ltd., as announced in the Jan. 15, 2015, press release, in relation to CapitalAsia assisting with new strategic investments and arranging for investors to acquire convertible debentures for a total amount of up to $1.5-million. The convertible debentures will be issued in denominations of $1,000 principal amount with a conversion price of 10 cents. For each 10 cents of principal amount of the convertible debentures, the subscriber will receive one common share purchase warrant, exercisable for one common share of Cadillac at 15 cents for 36 months from the date of issue. The convertible debentures will have a term of 36 months from the date of issue, and will incur interest at 7 per cent per annum, payable semi-annually in cash. The convertible debentures, during their term, may be converted into common shares at 10 cents per share at the option of the subscriber at any time, or at the option of Cadillac, provided that the volume-weighted average trading price of the corporation's common shares on the TSX-V is at least equal to 15 cents for 30 consecutive trading days. If during the term of the convertible debenture, Cadillac's volume-weighted average trading price is not equal to or above 15 cents for 30 consecutive days, Cadillac shall redeem the convertible debentures at a 20-per-cent premium, together with accrued interest, within 20 business days after 36 months.

The proceeds of the convertible debentures will be used primarily to further explore and develop the company's mineral properties, and for general working capital.

Completion of the financing is subject to receipt of TSX-V approval. All of the securities issuable in connection with the offering will subject to a hold period expiring four months and one day after the closing date.

It is anticipated that the closing of the convertible debenture offering will occur by the end of June, 2015.