Canadian Imperial Venture Corp. - News release



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

    ST. JOHN'S, May 5 /CNW/ - Canadian Imperial Venture Corp. ("CIVC" / the
"Company") announced today that Robert Dubois of Drayton Valley, Alberta has
stepped down from CIVC's Board of Directors to focus on his expanding business
interests.
    "On behalf of the Board, I wish to thank Robert for the dedication,
knowledge and energy that he brought to the job and the contribution that he
made to the Company," said Steve Millan, Chairman of CIVC's Board. "I wish him
continued success."

    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.

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

    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 Corp., (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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