Canadian Imperial Venture Corp. - News release

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

    ST. JOHN'S, Nov. 19 /CNW/ - Canadian Imperial Venture Corp. (the
"Company" / "CIVC") is pleased to announce that it has entered into a farmout
agreement with a private Alberta Company (the "Farmee") covering 21 Sections
of the Company's lands in southern Alberta. The terms of the Agreement
include:

    <<
    - The payment to CIVC by the Farmee of an upfront, non-refundable
      prospect fee of $50,000;
    - An option to the Farmee to earn a 50% working interest by paying 100%
      of the cost of drilling, completing, tying-in or abandoning an earning
      well, as defined by CIVC, on each Section of the Company's lands.
    >>

    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.

    "Steven 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., (709)
739-6700, Fax: (709) 739-6605, info@canadianimperial.com,
www.canadianimperial.com