Canadian Imperial Venture Corp. - News Release

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

    ST. JOHN'S, Sept. 12 /CNW/ - Canadian Imperial Venture Corp. (the
"Company") is pleased to announce the following update to its Southern Alberta

    - The first well of a previously announced 10-well program in
      Southern Alberta has now been drilled, logged and cased. The licensing
      process for well #2 is at an advanced stage and the testing
      and completion of wells #1 and #2 will take
      place when well #2 has been drilled.

    - A contract has been let for a previously announced geophysical program.
      This program is expected to commence on or before September 15, 2007
      and will cover some 21 Sections of the Company's lands in
      Southern Alberta.

    The Company also announces that subject to final approval by the
TSX Venture Exchange, the Company has granted to directors, officers and
employees of the Company, Incentive Stock Options to purchase up to
9,999,999 Common Shares (the "Options") at an exercise price of $0.10
per Common Share. Subject to the early termination provisions in the Company's
Incentive Stock Option Plan, the Options will expire on September 11, 2012.


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

    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,,

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