Canadian Imperial Venture Corp. - Default Status Report

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

    ST. JOHN'S, NL, April 24 /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

                     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. The Company expects to file its audited financial statements
       for the year ended November 30, 2006 and interim financial
       statements for the first quarter ending February 28, 2007 on or before
       April 30, 2007 as originally contemplated.

    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

    For further information, please contact the Company.


    "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,, website:

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