Canadian Imperial Venture Corp. - News release

    
    TSX-V: CQV
    Frankfurt Exchange: DFM
    

ST. JOHN'S , NL, Dec. 14 /CNW/ - Canadian Imperial Venture Corp. ("CIVC" / the "Company") held its Annual General Meeting ("AGM") on December 4, 2009 in Corner Brook, NL. The following individuals were re-elected to the Board of Directors:

    
    - Steven Millan, P.Geo.              - Gerard Edwards, MBA
    - Kirby Mercer, BA                   - Robert Smiley, BA, LL.B
    - Jerome (Jerry) Byrne, P.Eng.
    

At the AGM, BDO Dunwoody, LLP of Calgary , Alberta was elected as the Company's Auditors and the Company's Stock Option Plan was approved by disinterested shareholders.

The Company also announces today, that subject to final approval by the TSX Venture Exchange, the Company has granted to directors, officers and consultants of the Company Incentive Stock Options to purchase up to 17,700,000 Common Shares at an exercise price of $0.10 per Common Share. Subject to the early termination provisions in the Plan, the Options will expire on December 14, 2014 .

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.

    
    By: "Steven M. Millan"
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    Steven M. Millan, P.Geo.
    Chairman and CEO
    

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: Canadian Imperial Venture Corp., [phone], Fax: [phone], [email protected]; www.canadianimperial.com