Cadillac Mining Corp. commences drilling on Tuzo Creek, BC moly prospect

Cadillac Mining Corp. commences drilling on Tuzo Creek, BC moly prospect

Wednesday, August 13th 2008

Cadillac Mining Corporation announce the commencement of a drilling program of between three and six core holes of about 200 meters each on the Tuzo Creek molybdenum prospect located near Beaverdell in south-central British Columbia.

As reported on July 7th, this program comprises the follow-up to Cadillac’s December 2007 Tuzo Creek drilling campaign. It will test for a north-east extension of a tabular zone intersected in DDH TZ07-04 that carried molybdenum values over its total length of 173 meters, including 48 meters of 0.074% Mo. DDH TZ07-04, which bottomed in mineralization, was an angled offset of Amax Explorations’ vertical hole DDH 81-05 which intersected 0.060% Mo over 33.5 meters within a broader zone of mineralization.

Cadillac is further encouraged by the intersection in its 2007 drilling of broad zones of strongly mineralized breccia carrying elevated (but sub-economic) zinc values and unusually strong pyrite content, as such zones are often seen peripheral to molybdenite deposits in British Columbia.

Analyses, as advised by commercial labs, can be expected about a month after submittal of core samples.

Plans and sections showing details of the Tuzo Creek geological environment and previous drilling can be viewed on the Company’s website.

Cadillac can acquire a 100% interest in the 1746-hectare property by completing a two-year schedule of cash and share payments to an aggregate of $90,000 and 1,100,000 common shares. The agreement is subject to a 2% production royalty that can be purchased for $1,000,000. Cadillac has made an initial $20,000 payment, and has issued 400,000 shares.

Cadillac Mining Corporation is a junior resource company focused on the acquisition, exploration and development of precious and base metal mineral properties across Canada. Current activities include gold prospects near Rouyn-Noranda, Quebec and a growing number of base-precious metal projects in British Columbia.

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