Cadillac Mining Corporation Announces Investor Relations Agreement and Final Closing of Private Placement

Cadillac Mining Corporation Announces Investor Relations Agreement and Final Closing of Private Placement

Vancouver, British Columbia CANADA, June 18, 2012 /FSC/ - Cadillac Mining Corporation (CQX - TSX Venture), is pleased to announce that it has entered into an investor relations services agreement with Stephen Kubota of Vancouver, B.C., for a term of 12 months, subject to a minimum of 6 months.  Cadillac will pay Mr. Kubota a monthly fee of $5000 commencing on the date of the agreement, subject to the approval of the TSX Venture Exchange.   Kubota holds 300,000 stock options priced at $0.17, granted under a previous consulting agreement.

Stephen Kubota has extensive experience in the financial sector with both public and private corporations.  He has served as an administrator, trader and investment advisor in the brokerage industry, and has held various senior management and consulting positions with several investment management companies.  In addition, Mr. Kubota has provided investor relations services for a number of public companies.

The Company has now closed the non-brokered Placement announced on April 11, 2012.  A total of 2,230,000 Units at $0.20 each were sold, for gross proceeds of $446,000.  Each Unit comprises one common share and one-half warrant, each whole warrant exercisable at $0.40 for 18 months, subject to an accelerator provision wherein during the term of the warrants, the trade-weighted price of Cadillac's shares on the TSX Venture Exchange is equal to or greater than $0.55 for fifteen consecutive trading days, the warrants must be exercised within the ensuing 30 days.  All securities issued pursuant to the Placement will be subject to a four-month hold period.  Aggregate finder's fee paid on the Placement comprised $12,320 in cash and 82,800 Units, while 144,400 brokers' warrants exercisable on the same terms as those in the Units have also been issued.

Cadillac has applied a portion of the proceeds toward an initial nine core holes on the Hamburg Extension at the Goldstrike project in southwestern Utah.  First assays are expected shortly.  Results from DDH12-04 through 12-12 will determine the priority in which the next thirteen previously permitted holes will be drilled, and which additional locations will now be permitted.

About Cadillac Mining Corporation

Cadillac Mining Corporation is a junior exploration and development company based in Vancouver, Canada focused on large-scale precious and base metal projects in the Abitibi geological province in Canada, and the Great Basin in the western USA. The Company's long term objective is the discovery of a major deposit through carefully planned exploration strategies. Its business model provides shareholders access to a wealth of exploration experience, dedicated management and the opportunity to experience discovery through a conservatively capitalized company.  The Company has approximately 32.1 million shares outstanding as of completion of the Placement, and a recent exercise of a director's option.

On Behalf of the Board of Directors

Victor Erickson, P.Eng.

President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Website      www.cadillacmining.com
Contact      Stephen Kubota
             ir@cadillacmining.com

To view this press release as a webpage, please click on the following link: http://www.usetdas.com/pr/cadillac06182012.htm



Source: Cadillac Mining Corporation (TSX-V: CQX) http://www.cadillacmining.com
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