Cadillac Ventures Inc. announced that, after close of market on October 4, the Company received a failure-to-file cease trade order. The cease trade order was issued by the Ontario Securities Commission, the Company's principal regular, as a result of Cadillac's delay in filing the following annual disclosure requirement: Audited Annual Financial Statements for the year ended May 31, 2021; Management's Discussion and Analysis ("MD&A") relating to the Audited Annual Financial Statements for the year ended May 31, 2021; and Certification of the foregoing filings as required by National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings. The company announced the delay in filing of the financial statements and MD&A is due to complications resulting from the Cadillac's recent amalgamation with KFG Resources Ltd. and due to the negative impact of the coronavirus pandemic. This resulted in an inability to travel to the U.S. to assist in the timely completion of the audit process for new U.S. based subsidiaries. The recent acquisition of KFG resources also resulted in a requirement for an independent third-party valuation of a subsidiary, KFG Petroleum, which is ongoing but not yet complete. Cadillac anticipates this new valuation to be completed shortly and that filing of the company's financial statements will occur in a timely period. While management does not consider this delay to constitute a material change or material information, management does recognize these financials will be the first Cadillac financials reflecting the positive income effect of Cadillac's acquisition of KFG Resources Inc. on May 3, 2021. Once the 2021 annual filings are filed, the cease trade order will be revoked.