Mr. Norman Brewster reports

CADILLAC CLOSES PRIVATE PLACEMENT FOR $900,000

Cadillac Ventures Inc. has closed the private placement announced in the company's press release of March 3, 2017. The placement was for a total of $900,000.

Cadillac is very pleased to have completed the placement with investor Universal Precious Development Ltd. and two additional independent placees. Norman Brewster, president of Cadillac Ventures, commented: "Cadillac is pleased that its most recent investors were able to work with the company in securing new and additional investors into this private placement (which is 30 per cent above the last round). The demand from China for copper, coupled with the comfort level of these investors with Cadillac's management team, allowed us to secure this additional financing. Cadillac is one of the few junior mining companies in Canada to have as many significant Asian investors and looks forward to a bright future in Canada and in Asia."

A finder's fee was paid in connection with this transaction consisting of $63,000 plus 960,000 warrants exercisable at seven cents and 369,230 warrants exercisable at eight cents for two years.

The board of directors of Cadillac now consists of Norman Brewster, James Burke, Ming Jiao, Rajendra Singh, Maurice Stekel, Liu Jian Xiong, Sheng Wang and Youliang Wang as directors of the firm.