Cadillac Mining Corporation (TSX VENTURE:CQX) is pleased to announce the
execution of an agreement with Bearclaw Capital Corp. ("BCC") to earn a majority
interest in the 677-hectare Santa Maria polymetallic prospect located in
west-central British Columbia.


The option agreement requires Cadillac Mining Corp. ("CMC") to make a down
payment of $10,000, and to expend $450,000 on exploration, and pay BCC 400,000
CMC shares over a three-year period to earn a 60% interest in the property. CMC
has the further option to increase its interest in the Santa Maria property to
75% by expending an additional $200,000 and paying a further 100,000 shares in
the fourth year of the option, prior to entering into a joint venture
relationship with BCC.


The Santa Maria property, located approximately 37 km SSW of Smithers, B.C.
hosts structurally controlled Cu-Ag-Au massive to disseminated sulphide
mineralization within a series of stacked rhyolite flows/domes extending over a
strike length of at least 500 metres. The prospect was discovered in 1916,
subsequent to which a 36 meter shaft was sunk and 91 meters of drifting was
completed. Reported production in 1917 (B.C. Minfile reference) was 69,400 g Ag
and 33,200 kg copper from 217 tonnes of ore.


Modern exploration on the prospect includes mapping, soil sampling, geophysical
surveys, trenching and 2290 m of core and percussion drilling in 19 holes. The
majority of historical exploration, which was conducted in 1966 and 1970
(Minfile records), focused on drilling along EM conductors and returned
significant values ranging to 2.55% Cu and 23 g/t Ag over 6.1 meters. However,
drilling at that time was restricted to relatively shallow holes, core recovery
is reported to have been very poor, and no gold analyses were performed.


Management is of the opinion that prior exploration has left considerable
latitude for further work, particularly with recent advances in modeling of
volcanogenic and sub-volcanic deposits. In particular, the similarity in style
of mineralization and proximity to the mined out Equity Silver Mines deposits
located some 78 km to the east of the Santa Maria is most encouraging.


The Company's initial plans are to rehabilitate a disused access road abandoned
some 30+ years ago, to compile a 3-D model of historical activities and to
contract a detailed high-resolution airborne mag-EM survey. This work, along
with subsequent trenching and focused geochemical surveys, will serve to target
diamond drilling in the 2008 field season.


The acquisition of the Santa Maria option is the first step in the
diversification of Cadillac Mining Corp.'s activities from its 2006-07
exploration campaigns for gold on or near the Cadillac Break in western Quebec.


Statements contained in this release that are not historical facts may be
"forward-looking statements". Such statements are subject to risks and
uncertainties and other factors which may cause actual developments or results
or level of activity or performance to vary materially from those projected by
Management.


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