Canadian Imperial Venture Corp. - News Release



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

    ST. JOHN'S, March 27 /CNW/ - Canadian Imperial Venture Corp. (the
"Company") announced today that it has filed its Statement of Reserves Data
and Report of Management and Directors in the forms required by National
Instrument 51-101 Standards of Disclosure for Oil and Gas Activities and can
be found electronically on System for Electronic Document Analysis and
Retrieval ("SEDAR") and is available at http://www.sedar.com.
    Canadian Imperial Venture Corp. is an independent Canadian-based energy
company with interests in petroleum exploration and development in western
Newfoundland and in western Canada. Eastern Canada is the home to such
developments as the Hibernia, Terra Nova, White Rose, Sable Island, Deep
Panuke, and McCully fields.

    CANADIAN IMPERIAL VENTURE CORP.


    "Kirby Mercer"
    --------------
    Kirby C. Mercer, BA
    Vice President


    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ACCURACY OF THIS PRESS RELEASE.

    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.




For further information:

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

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Canadian Imperial Venture Corp.

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