CIVC to Commence Alberta Drilling Program

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

    ST. JOHN'S, Sept. 5 /CNW/ - Canadian Imperial Venture Corp. (the
"Company" / "CIVC") is pleased to announce that the first well of a 10-well
program in southern Alberta previously announced by the Company in a news
release dated June 28, 2007 will be spudded on or before Friday, September 7,
    Encore Investments Ltd. of Calgary, Alberta is the operator and will
oversee the drilling of this well, which is designed to test for shallow gas.
CIVC has a 32.5% working interest in this well and has a current land position
in Alberta of approximately 82 Gross Sections.


    "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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Canadian Imperial Venture Corp.

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