CADILLAC VENTURES INC.

– MANAGEMENT’S DISCUSSION AND ANALYSIS

Third Quarter ended February 29, 2008

Introduction

This is the management discussion and analysis (“MD&A”) of the operating and financial
results of Cadillac Ventures Inc. (“Cadillac” or the “Company”) (formerly Blue Power
Energy Corporation) for the third quarter ended February 29, 2008. This MD&A
supplements, but does not form part of the consolidated financial statements for the
Company, and should be read in conjunction with Cadillac’s consolidated financial
statements and related notes for the years ending May 31, 2007 and 2006. The
Company prepares and files its consolidated financial statements in accordance with
Canadian generally accepted accounting principles (“GAAP”). The currency referred to
in this document is the Canadian Dollar.

Overview of Third Quarter

During the three months ended February 29, 2008 the Company successfully raised a
total of $540,400 in flow through funds to fund future exploration through the non-
brokered placement of 675,000 shares at a price of $0.80 per share. The Company also
announced during the quarter that subject to regulatory approval it intends to conduct a
$2.0 million private placement at $0.64 per share which is expected to close during the
fourth quarter. The proceeds from this proposed financing will be used for exploration
expenditures and general working capital purposes.

During the quarter Cadillac as operator had expended $1,500,000 on the Burnt Hill
project to December 31, 2007 all of which has been funded by Noront Resources Inc. as
per the amended terms of the joint venture agreement. The Company is encouraged by
the results of this expenditure program which are discussed in more detail in Section 1.4.
Subsequent to the period end Cadillac announced that it had earned a 51% interest in
the Burnt Hill Project from Noront having satisfied the conditions as set out in its press
release of April 4, 2007 including the issuing to Noront of 1,875,000 shares of Cadillac
on March 25, 2008. Cadillac’s share of expenditure on the Burnt Hill property during the
third quarter amounted to $ 233,415. The Company has an option to earn a further 14%
interest in Burnt Hill through the payment to Noront of $500,000 in either cash or
common shares as determined by Cadillac.

The Company also completed the current phase of its exploration program on its 100%
owned New Alger project during the period and expended $72,498 during the quarter.
The Company was also in receipt of Quebec refundable tax credits and mining duty
refunds amounting to $90,262 which has been offset against New Alger project
expenditures.

Additional Information

Additional information relating to the Corporation is available on the Internet at the

SEDAR website at www.sedar.com.
1.1 Date of MD&A

This MD&A was prepared on April 25, 2008.

1.2 Overall Performance

Cadillac Ventures Inc. incurred a net loss of $179,863 before Future income tax recovery
for the three months ended February 29, 2008 compared to a net loss of $172,054
before Future income tax recovery for the three months ended February 28, 2007. This
increase of $7,809 in the net loss for the third quarter of 2008 over the same period a
year ago resulted mainly from increased shareholder relations and flow-through interest
charges offset by a decrease in stock-option compensation costs. The expenses
incurred by the Company are detailed under Operations in Section 1.16. The Future
income tax recovery for the current quarter amounted to $156,716 compared to
$287,244 for the corresponding period of 2007. Future income tax recovery arises from
the issue of flow through common shares by the Company during the 2007 calendar
year whereby the exploration expenses from these proceeds are renounced. This
renunciation creates a future income tax recovery which is reflected in the third quarter
Consolidated Statement of Loss. This results in a net loss for the three months ended
February 29, 2008 of $23,147 compared to a net income of $115,190 for the
corresponding period of 2007. The Company incurred a net loss of $443,653 before
Future income tax recovery of $156,716 for the nine months ended February 29, 2008
which compares with a net loss of $322,612 before Future income tax recovery of
$287,244 for the corresponding period of 2007. The increase of $121,041 in this net loss
for the nine months ended February 29, 2008 over the corresponding period of 2007 is
mainly as a result of increased stock-option compensation costs, shareholder relations
costs and general and flow-through interest charges. Cadillac incurred a net loss after
Future income tax recovery of $286,937 for the nine months ended February 29, 2008
which compares with a net loss of $35,368 for the corresponding period of 2007.

The Company has experienced an increase in quarterly operating expenses over a

number of quarters at the same time as the Company has been expanding its activities.
The Company expects that ongoing expenses will continue at these levels, and/or
increase as the project activity level of the Company increases. The Company intends
to continue to raise equity funds in order to meet these expenses. Should the Company
be unable to raise these funds on an ongoing basis its ability to continue its business
could be affected.

1.3 Selected Annual Information

Not applicable to quarterly MD&A

1.4 Results of Operations

Third Quarter Financing Activities

The Company announced during the quarter that it raised a total of $540,400 in flow
through funds through the non-brokered private placement of 675,000 shares at a price
of $0.80 per share. The proceeds of this placement will be used to fund future
exploration. The Company also announced during the quarter that subject to regulatory
approval it intends to conduct a $2.0 million non-brokered private placement at $0.64 per
share which is expected to close during the fourth quarter. The proceeds from this
proposed financing will be used for exploration expenditures and general working capital
purposes.

Third Quarter Project Activity Summary

During the quarter Cadillac continued its exploration programs both as operator on the
Burnt Hill joint venture project with Noront Resources Inc. and on its 100%owned New
Alger project.

The Burnt Hill project had expended $1,500,000 in exploration expenditure during the
Fall 2007 exploration season to December 31, 2007 which under the terms of the
amended Joint Venture Agreement has been funded by Noront Resources Inc. The
Burnt Hill Project was found to contain widespread tungsten and molybdenite
mineralization in multiple zones along and across strike and down dip from historically
defined mineralization. Subsequent to February 29th the Company announced the
results of this expenditure program. Details of the expenditure program and the results of
the drill program are set out in the Company’s March 25, 2008 press release and in the
43 – 101 Report filed on Sedar website at www.sedar.com on April 7, 2008. The
Company is encouraged by the results of this program and intends to further develop the
Burnt Hill project in the summer of 2008 exploration season. Once completed this
program will enable a resource estimate to be updated on Burnt Hill.

Subsequent to the period end Cadillac announced that it had earned a 51% interest in
the Burnt Hill Project from Noront having satisfied the conditions set out in its press
release of April 4, 2007 including the issuing to Noront of 1,875,000 shares of Cadillac
on March 25, 2008. Cadillac’s share of expenditure on the Burnt Hill property during the
third quarter amounted to $286,024. The Company has an option to earn a further 14%
interest in Burnt Hill through the payment to Noront of $500,000 in either cash or
common shares as determined by Cadillac.

The Company completed the current phase of its exploration program on its 100%
owned New Alger project during the quarter and expended $72,498 during the three
month period. The Company was also in receipt of Quebec refundable tax credits and
mining duty refunds amounting to $90,262 which have been offset against New Alger
project expenditures. Cadillac is currently assessing the results of its New Alger
expenditure program which will allow the 2008 expenditure plan to be finalized.

Subsequent to the period end the Company announced that it had completed the fall
exploration program at both projects and were awaiting the results of drilling samples
sent for processing. On receipt of the results the Company will then plan the 2008
programs at both properties.
1.5 Summary of Quarterly Results

Third Second First Fourth

Quarter Quarter Quarter Quarter
29-Feb-08 30-Nov-07 31-Aug-07 31-May-07

Interest and other income 0 0 0 0

Income or Loss (Before Discontinued

Operations and Extraordinary Items) (179,863) (201,888) (61,902) (388,060)
Income or Loss\per Share Basic (Note 1) (0.00) (0.01) 0.00 (0.02)
Income or Loss\per Share Diluted (Note 1) (0.00) (0.01) 0.00 (0.02)

Income or Loss (Total) (23,147) (201,888) (61,902) (388,060)

Income or Loss\per Share Basic (Note 1) (0.00) (0.01) 0.00 (0.02)
Income or Loss\per Share Diluted (Note 1) (0.00) (0.01) 0.00 (0.02)
Note 1 - Earnings per share reflects a 1 for 5 common share consolidation that occurred during the
year ended May 31, 2006.
Third Second First Fourth
Quarter Quarter Quarter Quarter
28-Feb-07 30-Nov-06 31-Aug-06 31-May-06

Interest and other income 0 0 0 0

Income or Loss (Before Discontinued

Operations and Extraordinary Items) 115,190 (104,562) (45,996) (48,432)
Income or Loss\per Share Basic (Note 1) 0.01 (0.01) 0.00 0.00
Income or Loss\per Share Diluted (Note 1) 0.01 (0.01) 0.00 0.00

Income or Loss (Total) 115,190 (104,562) (45,996) (48,432)

Income or Loss\per Share Basic (Note 1) 0.01 (0.01) 0.00 0.00
Income or Loss\per Share Diluted (Note 1) 0.01 (0.01) 0.00 0.00
Note 1 - Earnings per share reflects a 1 for 5 common share consolidation that occurred during the
year ended May 31, 2006.

There was a loss of $23,147 during the quarter ended February 29, 2008 which included
a Future income tax recovery credit of $156,716 in conjunction with the renouncement of
flow through exploration charges. The timing of this renouncement is approximately
February of each year. Renouncements occur each year there is flow through money
raised and renounced to investors in order to create a flow through tax credit for these
investors. The loss prior to Future income tax recovery amounted to $179,863 and with
the exception of quarters three and four of the year ending May 31, 2007, was broadly in
line with the trend of increasing losses incurred in earlier quarters.

During the fourth quarter of fiscal 2007 there was a loss of $388,060. This increase
being mainly attributable to stock based compensation totaling $268,500 and increased
professional fees during the quarter. In the third quarter of fiscal 2007 there was net
income to the Company of $115,190 as a result of the accounting for the future income
tax recovery of $287,244. Excluding this income tax recovery there was an increased
loss in the quarter due mainly to an increase in management fees of $42,500 and an
increase in stock-based compensation of $85,000.

The increasing activity level of the Company will result in increased operating costs
going forward.

1.6 Liquidity

Cadillac Ventures Inc. reported a working capital of $ 558,495 at February 29,2008

compared with a working capital of $ I,314,460 as at May 31,2007 and $ 898,211 at
February 28,2007.The Company had a cash balance of $1,117,502 as at February 29,
2008, compared with a cash balance of $1,305,811 as at May 31, 2007 and $877,754 at
February 28, 2007. At February 29, 2008 the Company also held mineral property
assets with a cost value of $ 3,108,344 compared with $ 616,556 at May 31, 2007 and
$ 541,496 at February 28, 2007. These are included in total assets of $ 4,230,978 at
February 29, 2008 compared to $ 2,024,066 at May 31, 2007 and $ 1,482,075 at
February 28, 2007. These amounts are a direct reflection of the financing activities
undertaken by the Company together with both the acquisition of the Company’s wholly
owned subsidiary which holds the New Alger Property and the 51% owned Burnt Hill
joint venture with Noront Resources Inc. whereby Cadillac can earn a further 14% to go
up to a 65% interest in the Burnt Hill project through the payment to Noront of $500,000
in either cash or common shares. Against this positive cash balance and asset base the
Company has liabilities which total $ 564,169 at February 29, 2008 compared to
$93,050 at May 31, 2007 and $ 42,368 at February 28, 2007. These are comprised of
mineral property expenditures, various professional fees and costs associated with the
re-organization, consolidation and requisite filings incurred in conjunction with the newly
active status of the Company.

The Company announced during the quarter that it had raised a total of $540,400 in flow
through funds to fund future exploration through the non-brokered placement of 675,000
shares at a price of $0.80 per share. The Company also announced during the quarter
that subject to regulatory approval it intends to conduct a $2.0 million non-brokered
private placement at $0.64 per share which is expected to close during the fourth
quarter. The proceeds from this proposed financing will be used for exploration
expenditures and general working capital purposes.

The Company is continuing its efforts to raise funds for future developments and
operations and to meet its ongoing obligations as they arise. There is however, no
assurance that the Company will be successful in its efforts, in which case, the Company
may not be able to meet its obligations. The consolidated financial statements have
been prepared on a going concern basis as discussed in Note 1 of the February 29,
2008 consolidated financial statements.

Should the Company be unable to realize on its assets and discharge its liabilities in the
normal course of business, the net realizable value of its assets may be materially less
than the amounts recorded on the consolidated balance sheet.
1.7 Capital Resources

At February 29, 2008 the Company had the following capital requirements under existing
arrangements.
a) Accounts payable in the normal course of business.

1.8 Off-Balance Sheet Arrangements

The Company has no off-balance sheet arrangements

1.9 Transactions with Related Parties

The Company has engaged Billiken Management Services Inc. (“Billiken”) to manage
the New Alger Property. Billiken charges a fee for this service. The former
President/CEO, currently the corporate secretary and a director of the Company holds a
15% interest in Billiken through a private company. For the three and nine months ended
February 29, 2008, the fees paid to Billiken totalled $18,655 and $59,178 (three and nine
months ended February 28, 2007 - $3,089). As at February 29, 2008, there was a
balance owing of $267,751 to Billiken from the Company (As of May 31, 2007, $11,439
was due to the Company from Billiken).

During the three and nine months ended February 29, 2008, consulting fees
paid/payable to the former President/CEO, currently the corporate secretary and a
director of the Company amounted to $6,000 and $26,000 (three and nine months
ended February 28, 2007 - $12,000 and $31,000).

For the three and nine months ended February 29, 2008, consulting fees of $20,000 and
$25,000 were paid to a company controlled by the current President and CEO of the
Company (three and nine months ended February 28, 2007 - $75,000 and $90,000).

As at February 28, 2007, pursuant to a financing disclosed in Note 6(a)(vi) of the May
31, 2007 audited consolidated financial statements, the following related parties of the
Company participated in the private placement by purchasing offered units: Nominex
Ltd. (of which Neil Novak, a director of the Company, is the President) – 62,500 units;
Nicole Brewster, the former Secretary and a former director of the Company – 62,500
units: Jim Voisin, the former President/CEO, corporate secretary and a director of the
Company – 62,500 units: and Norm Brewster, the President/CEO of the Company –
250,000 units. These purchases were all made on the same terms and conditions as
other subscribers to those financings.

These transactions have been measured at the exchange amount.

1.10 Fourth Quarter

Not applicable to interim MD&A.

1.11 Proposed Transactions

The Company presently has no planned or proposed business or asset acquisitions or

dispositions.
1.12 Critical Accounting Estimates

Cadillac did not rely on any critical accounting estimates in the most recent quarter.

1.13 Changes in Accounting Policies Including Initial Adoption

There have been no changes in accounting policies during the period.

1.14 Financial Instruments and Other Instruments

The Company’s current financial instruments consist of cash and cash equivalents,
accounts receivable, accounts payable and accrued liabilities. The carrying values
approximate the fair values of these financial instruments due to the short-term maturity
of these items.

1.15 Control Disclosures

Management accepts responsibility for the reliability and timeliness of the information
disclosed and has ensured that there are disclosure controls and procedures in place
which provide reasonable assurance that material information relating to Cadillac is
disclosed on a timely basis, particularly information relevant to the period in which
annual and interim filings are being prepared.
1.16 Other MD&A Requirements

Additional Disclosure for Venture Issuers without Significant Revenue

Exploration

New Alger Propery - Quebec 29-Feb-08 28-Feb-07 31-May-07 (April 28, 2006)

Acquisition cost 75,000 75,000 75,000 75,000

Assays 8,201 202 202 8,201
Claim maintenance 33,675 23,815 23,842 33,675
Drilling 542,621 0 0 542,621
IP Surveys 140,754 136,722 136,722 140,754
Geological 166,421 75,000 75,000 166,421
Consulting 16,905 1,658 1,658 16,905
Line Cutting 30,690 30,690 30,690 30,690
Goodwill 183,419 183,419 183,419 183,419
Management fees 5,657 3,089 3,089 5,657
Travel and related costs 24,019 0 0 24,019
Other 65,265 14,337 14,370 65,265
----------------------- ----------------------- ----------------------- ----------------------------
1,292,627 543,932 543,992 1,292,627
Less Quebec refundable tax credits
and mining duty refunds. -92,698 -2,436 -2,436 -92,698
----------------------- ----------------------- ----------------------- ----------------------------
Total New Alger Property 1,199,929 541,496 541,556 1,199,929
----------------------- ----------------------- ----------------------- ----------------------------

Burnt Hill Property - New Brunswick

Acquisition cost 1,675,000 0 75,000 1,675,000

Drilling 77,456 0 0 77,456
IP Surveys 21,784 0 0 21,784
Geological 28,519 0 0 28,519
Management fees 11,096 0 0 11,096
Travel and related costs 6,260 0 0 6,260
Other 88,300 0 0 88,300
----------------------- ----------------------- ----------------------- ----------------------------
1,908,415 0 75,000 1,908,415
----------------------- ----------------------- ----------------------- ----------------------------

Total Mineral Property Costs 3,108,344 541,496 616,556 3,108,344

============= ============= ============= ================
 Operations 3 Months 3 Months 9 Months 9 Months
29-Feb-08 28-Feb-07 29-Feb-08 29-Feb-07

Expenses
Accounting and Corporate
Services 12,727 11,060 29,147 25,383
Consulting fees 42,500 0 92,000 15,000
Legal and audit 5,837 12,570 32,418 63,562
Management fees 0 42,500 0 76,600
Stock based compensation 29,120 85,000 129,076 85,000
Office and general 20,175 9,685 31,812 15,253
Shareholder relations 34,120 11,239 93,816 41,814
Flow-through interest charges 35,384 0 35,384 0
---------------- ---------------- ---------------- ----------------
Net loss before the following 179,863 172,054 443,653 322,612
Less: future income tax recovery (156,716) (287,244) (156,716) (287,244)
---------------- ---------------- ---------------- ----------------
(Income) or loss for the period 23,147 (115,190) 286,937 35,368
========= ========= ========= =========

Disclosure of Outstanding Share Data

Cadillac is traded on the CNQ under the symbol CDEX. On February 29, 2008 there
were 26,376,989 shares issued, 2,460,000 stock options outstanding expiring from
December 2011 to October 2012, and 5,946,545 warrants outstanding expiring from
June to December 2008.

RISKS AND UNCERTAINTIES

Additional Funding Requirements

The Company is reliant upon additional equity financing in order to continue its’ business
and operations, as the Company is in the business of mineral exploration and at present
does not derive any income from any of it’s mineral assets. There is no guarantee that
future sources of funding will be available to the Company. If the Company is not able to
raise additional equity funding in the future the Company will be unable to carry out its’
business in the future.

Commodity Price Volatility

The price of various commodities which the Company is exploring for can fluctuate
drastically, and is beyond the Company’s control. The Company is concerned with the
prices of Gold, Tungsten and Molybdenum, commodities which fluctuate daily. While the
Company would benefit from an increase in the value of this metal, the Company could
be adversely affected by a decrease in the value of this metal.
Title to Mineral Properties

Acquisition of title to mineral properties is a very detailed and time-consuming process.

Title to, and the area of, mineral properties may be disputed or impugned. Although the
Company has investigated its title to the mineral properties for which it holds
concessions or mineral leases or licenses, there can be no assurance that the Company
has valid title to such mineral properties or that its title thereto will not be challenged or
impugned. For example, mineral properties sometimes contain claims or transfer
histories that examiners cannot verify; and transfers under foreign law often are
complex. The Company does not carry title insurance with respect to its mineral
properties. A successful claim that the Company does not have title to a mineral property
could cause the Company to lose its rights to mine that property, perhaps without
compensation for its prior expenditures relating to the property.

Mineral Exploration

Mineral exploration involves a high degree of risk. Few properties that are explored are
ultimately developed into producing mines. Unusual or unexpected formations, formation
pressures, fires, power outages, labour disruptions, flooding, explosions, tailings
impoundment failures, cave-ins, landslides and the inability to obtain adequate
machinery, equipment or labour are some of the risks involved in mineral exploration
and exploitation activities. The Company has relied on and may continue to rely on
consultants and others for mineral exploration and exploitation expertise. Substantial
expenditures are required to establish mineral reserves and resources through drilling, to
develop metallurgical processes to extract the metal from the ore and, in the case of
some properties, to develop the mining and processing facilities and infrastructure at any
site chosen for mining, or to upgrade existing infrastructure. There can be no assurance
that the funds required to exploit any mineral reserves and resources discovered by the
Company will be obtained on a timely basis or at all. The economics of exploiting mineral
reserves and resources discovered by the Company are affected by many factors, many
outside the control of the Company, including the cost of operations, variations in the
grade of ore mined and metals recovered, price fluctuations in the metal markets, costs
of processing equipment, and other factors such as government regulations, including
regulations relating to royalties, allowable production, importing and exporting of
minerals and environmental protection. There can be no assurance that the Company’s
mineral exploration and exploitation activities will be successful.

Country Risk

The Company could be at risk regarding any political developments in the Country in
which it operates. At present the Company is active in the Provinces of Quebec and
New Brunswick, Canada.

Uninsurable Risks

Mineral exploration activities involve numerous risks, including unexpected or unusual

geological operating conditions, rock bursts, cave-ins, fires, floods, earthquakes and
other environmental occurrences and political and social instability. It is not always
possible to obtain insurance against all such risks and the Company may decide not to
insure against certain risks as a result of high premiums or other reasons. Should such
liabilities arise, they could negatively affect the Company’s profitability and financial
position and the value of the common shares of the Company. The Company does not
maintain insurance against environmental risks.

Environmental Regulation and Liability

The Company’s activities are subject to laws and regulations controlling not only mineral
exploration and exploitation activities themselves but also the possible effects of such
activities upon the environment. Environmental legislation may change and make the
mining and processing of ore uneconomic or result in significant environmental or
reclamation costs. Environmental legislation provides for restrictions and prohibitions on
spills, releases or emissions of various substances produced in association with certain
mineral exploitation activities, such as seepage from tailings disposal areas that could
result in environmental pollution. A breach of environmental legislation may result in the
imposition of fines and penalties or the suspension or closure of operations. In addition,
certain types of operations require the submission of environmental impact statements
and approval thereof by government authorities.

Environmental legislation is evolving in a manner which may mean stricter standards

and enforcement, increased fines and penalties for non-compliance, more stringent
environmental assessments of proposed projects and a heightened degree of
responsibility for companies and their directors, officers and employees. Permits from a
variety of regulatory authorities are required for many aspects of mineral exploitation
activities, including closure and reclamation. Future environmental legislation could
cause additional expense, capital expenditures, restrictions, liabilities and delays in the
development of the Company’s properties, the extent of which cannot be predicted. In
the context of environmental permits, including the approval of closure and reclamation
plans, the Company must comply with standards and laws and regulations which may
entail costs and delays depending on the nature of the activity to be permitted and how
stringently the regulations are implemented by the permitting authority. The Company
does not maintain environmental liability insurance.

Regulations and Permits

The Company’s activities are subject to wide variety of laws and regulations governing
health and worker safety, employment standards, waste disposal, protection of the
environment, protection of historic and archaeological sites, mine development and
protection of endangered and protected species and other matters. The Company is
required to have a wide variety of permits from governmental and regulatory authorities
to carry out its activities. These permits relate to virtually every aspect of the Company’s
exploration and exploitation activities. Changes in these laws and regulations or changes
in their enforcement or interpretation could result in changes in legal requirements or in
the terms of the Company’s permits that could have a significant adverse impact on the
Company’s existing or future operations or projects. Obtaining permits can be a
complex, time-consuming process. There can be no assurance that the Company will be
able to obtain the necessary permits on acceptable terms, in a timely manner or at all.
The costs and delays associated with obtaining permits and complying with these
permits and applicable laws and regulations could stop or materially delay or restrict the
Company from continuing or proceeding with existing or future operations or projects.
Any failure to comply with permits and applicable laws and regulations, even if
inadvertent, could result in the interruption or closure of operations or material fines,
penalties or other liabilities.

Potential Dilution

The issue of common shares of the Company upon the exercise of the options and
warrants will dilute the ownership interest of the Company’s current shareholders. The
Company may also issue additional option and warrants or additional common shares
from time to time in the future. If it does so, the ownership interest of the Company’s
then current shareholders could also be diluted.

FORWARD LOOKING STATEMENTS:

This MD&A contains certain “forward-looking statements” and “forward-looking

information” under applicable securities laws. Except for statements of historical
fact, certain information contained herein constitutes forward-looking statements.
Forward-looking statements are frequently characterized by words such as
“plan”, “except”, “project”, “intend”, “believe”, “anticipate”, “estimate”, and other
similar words, or statements that certain events or conditions “may” or “will”
occur. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are based on a number of
assumptions and subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from those projected
in the forward-looking statements. Assumptions upon which such forward-
looking statements are based include that transactions will be completed, that all
required third party regulatory and governmental approvals will be obtained.
Many of these assumptions are based on factors and events that are not within
the control of the Company and there is no assurance they will prove to be
correct. Factors that could cause actual results to vary materially from results
anticipated by such forward-looking statements include changes in market
conditions and other risk factors discussed or referred to in the annual
Management’s Discussion and Analysis for Cadillac filed with the applicable
securities regulatory authorities and available at www.sedar.com. Although the
Company has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forward-
looking statements, there may be other factors that cause actions, events or
results not to be anticipated, estimated or intended. There can be no assurance
that forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
The Company undertakes no obligation to update forward-looking statements if
circumstances or management’s estimates or opinions should change except as
required by applicable securities laws. The reader is cautioned not to place undue
reliance on forward-looking statements.