Cadillac Ventures Inc. announced that it has entered into a letter of intent ("LOI") with Braveheart Resources Inc. ("Braveheart") for the purchase of a 100% interest in the Thierry Mine Project ("Thierry") near Pickle Lake, Ontario. Under the terms of the LOI, Braveheart will acquire Thierry from Cadillac for the following consideration: (i) $300,000 in cash; (ii) 13,500,000 common shares of Braveheart; and, (iii) a 2% net smelter royalty ("NSR") to be retained by Cadillac of which 1% of the NSR can be purchased by Braveheart for $1,000,000. Closing of the purchase of Thierry remains subject to the parties entering into a definitive purchase and sale agreement (the "Definitive Agreement"), satisfactory completion of due diligence by Braveheart and any required approvals of the TSX Venture Exchange. The intention of Braveheart and Cadillac is to finalize the Definitive Agreement, which will include customary terms and conditions including representations and warranties, and to close the purchase of Thierry by Braveheart soon.