Canadian Imperial Venture Corp. Annual General Meeting

ST. JOHN'S, Oct. 13 /CNW/ - Trading Symbols: TSX Venture Exchange: CQV - Frankfurt Stock Exchange: DFM - Canadian Imperial Venture Corp. ("CIVC" / the "Company") announced today that its Annual General Meeting (the "Meeting") will be held at the Sheraton Hotel in St. John's, NL on Thursday, October 21^st, 2010 commencing at 10:00 AM. Following the formal proceedings of the Meeting, the Company along with its partners and consultants, will present an update on the Company's activities and development plans for Western Newfoundland.

The Company is also pleased to announce the First Closing of the non-brokered private placement previously announced on August 15, 2010. Upon the First Closing, a total of 10,500,000 Units were sold for proceeds of $525,000. The proceeds from the private placement will be used for working capital.

Each Unit consists of one common share in the capital of the Company and one non-transferable share purchase warrant ("Warrant" ). One whole Warrant will entitle the holder to buy an additional share in the capital of the Company for a period of two years at a price of $0.10 per share. All stock purchased under this private placement will have a four-month hold period, which expires February 13, 2011.

Canadian Imperial Venture Corp. is an independent Canadian-based energy company, a leader in the Green Point oil-in-shale play. 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"
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:

Canadian Imperial Venture Corp.
P.O. Box 6232
St. John's, NL A1C 6J9
Tel.: [phone] / Fax: [phone]
E-mail: [email protected] / website: www.canadianimperial.com