Canadian Imperial Venture Corp. announced the commencement of a 1500 m drill program on the Little Bear Lake Gold property ("LBL") in the Maskwa pluton located in southeastern Manitoba. The drill program is being carried out pursuant to a farm-in agreement under which the Company is earning a 55% working interest in the Little Bear Lake property from Carina Energy, a private mining exploration company based in Toronto, Ontario.

The current program will test the Silver Fox and contiguous Rush Veins. Historical trenching results for the Silver Fox vein yielded channel sample results of up to 0.90 oz/t (30.9 g/T) gold over 4 ft (1.2 m) with similar results obtained from other trenches over a strike length of 255 ft (77.7 m). The wallrock contained up to 0.2 oz/ton (6.9 g/T).

The Silver Fox vein is up to 7 ft wide (2.1 m) at the south end. The narrower parts of the vein yielded grab samples of 7 oz to 10 oz Au/ton (10.5 to 348.5 g Au/T). During 2011 prospecting and sampling, 12 grab samples from the Rush Vein averaged 6.2 g Au/T with a range from 0.05 to 41.68 g Au/T. In addition, the Company reported that assaying of previously unsampled core from the 2010-11 Carina drill program on the Treasure Vein continues and results are expected to be released in early 2013.

Little Bear Lake: The Little Bear Lake claim block in eastern Manitoba, consist of 17 claims, or 2149 hectares. On the Property, numerous gold-silver bearing veins occur in a parallel linear array trending NW-SE. The veins themselves are generally narrow and sometimes high grade.

They are comprised of quartz and chlorite, and shearing is commonly evident in the walls. Width of the shear structures ranges from less than 1 metre to about 18 m. Within these "shear zones", white to sugary to glassy quartz veins are commonly thin, but widths to 3 m are reported. Dips of the "shear zones" are mostly vertical to steep north or south.

Gold grades appear to be directly correlated with percentage of pyrite, galena, sphalerite or chalcopyrite within the host quartz.