Canadian Imperial Venture Corp. - Default Status Report



    Trading Symbols:
    ----------------
    
    TSX Venture Exchange:          CQV
    CQV Frankfurt Stock Exchange:  DFM
    

    ST. JOHN'S, NL, April 30 /CNW/ - Canadian Imperial Venture Corp. (the
"Company" or "CIVC") announced in a news release dated April 9, 2007 that the
British Columbia Securities Commission granted the Company's request for a
Management Cease Trade Order in connection with the Company's failure to file
its November 30, 2006 audited annual financial statements. The following is
the Company's bi-weekly default status report pursuant to Appendix B of CSA
Policy 57-301, which is filed on System for Electronic Document Analysis and
Retrieval and available at http://www.sedar.com.

    
                     Pursuant to CSA Staff Notice 57-301
                                 Appendix B
                            Default Status Report

    TO:    British Columbia Securities Commission
           Alberta Securities Commission
           Ontario Securities Commission

    Canadian Imperial Venture Corp. ("CIVC" or the "Company") is providing an
update in accordance with CSA Staff Notice 57-301 Failing to File Financial
Statements on Time - Management Cease Trade Orders.

    1. The Company advises that there is no material change in the
       information contained in the Notice of Default dated April 9, 2007
       ("Notice of Default").

    2. As a result of the factors noted in the Notice of Default, the
       Company has been unable to complete its audited financial  statements
       for  the  year  ended  November  30,  2006  ("Audited  Financial
       Statements")  and  interim financial statements for the first quarter
       ending February 28, 2007 ("Interim Financial Statements") by the
       previously anticipated date of April 30, 2007 indicated in the
       Company's Default Status Report dated April 23, 2007, and now expects
       to file the Audited Financial Statements and Interim Financial
       Statements on or before May 7, 2007.

    3. The Company advises that there is no actual or anticipated default of
       a financial statement filing requirement subsequent to that disclosed
       in the Notice of Default.

    4. The Company advises that there is no other material information
       concerning the affairs of the Company that has not been generally
       disclosed.

    
    For further information, please contact the Company.

    CANADIAN IMPERIAL VENTURE CORP.


    "Steven Millan"
    _____________________________________
    Steven M. Millan, P.Geo.
    Chairman and CEO


    This release includes certain forward looking statements which reflect
beliefs, expectations, objectives and goals which are believed to be
reasonable at the time such statements are made.  Actual results could differ
materially from anticipated results and may be impacted upon such factors as
commodity prices, political developments, legal decisions, market and economic
conditions, industry competition, the weather, changes in financial markets
and changing legislation.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.




For further information:

For further information: Canadian Imperial Venture Corp., (709)
739-6700, Fax: (709) 739-6605, info@canadianimperial.com, website:
www.canadianimperial.com

Organization Profile

Canadian Imperial Venture Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890