CDX Cloud DX Inc

Cassidy Gold Corp. ("the Company" or "Cassidy") (TSX VENTURE:CDX) is pleased to
announce that it has recently received an Exploitation Permit covering all gold
resources identified to-date at the Company's 100% owned Kouroussa Gold Project
located in Guinea, West Africa. This permit runs through to October 14, 2019.
The Exploitation Permit covers an area of 16 square kilometres within the
Company's 949 square kilometre exploration permits, which remain in good
standing until September 29, 2012, subject to renewal provisions described in
the Guinean Mines Code.


The latest resource statement for the Kouroussa Gold Project, announced in
October 2008, highlighted an Indicated Resource of 680,000 ounces contained in
11,380,000 tonnes grading 1.9 g/t Au and an Inferred Resource of 363,000 ounces
contained in 6,466,000 tonnes grading 1.7 g/t Au (Table 1). Coffey Mining
completed the resource estimate in accordance with Canadian National Instrument
43-101, Standards of Disclosure for Mineral Projects and the classifications
adopted by CIM Council in December 2005. 




Table 1 Total Indicated and Inferred Resources, Kouroussa Project (0.7 g/t 
Au cut-off)                                                                 
----------------------------------------------------------------------------
Resource Area             Indicated Resource           Inferred Resource    
                  ----------------------------------------------------------
                     Tonnage  Au g/t     Au oz     Tonnage  Au g/t     Au oz
----------------------------------------------------------------------------
Koekoe Trend       5,586,000     2.3   420,000   4,963,000     1.8   293,000
----------------------------------------------------------------------------
Kinkine Trend      2,353,000     1.8   136,000     843,000     1.4    39,000
----------------------------------------------------------------------------
Sodyanfe Trend     3,441,000     1.1   125,000     660,000     1.5    31,000
----------------------------------------------------------------------------
TOTALS            11,380,000     1.9   680,000   6,466,000     1.7   363,000
----------------------------------------------------------------------------



A Scoping Study completed by Coffey Mining in early 2009 concluded that
Kouroussa could produce an average of 79,000 ounces of gold annually at a cash
operating cost of US$484 per ounce over a 6-year mine life. The Study proposed
open pit mining of a series of pits utilizing contract miners. Ore would be
processed through a conventional gravity-CIP (carbon-in-pulp) plant with a
design capacity of 1.0 million tonnes per annum. The average gold recovery is
94.5% and the strip ratio is 6.7:1. Initial capital costs for the Kouroussa
Project were estimated to be $97 million, with a further $11 million estimated
for sustaining capital. The study indicated at the time that project economics
were favourable at a gold price of greater than US$900; however, Cassidy
management determined that, at the time, the project would not justify the
capital expenditure.


In the scoping report, Coffey Mining recommended further work focused on the
discovery of additional "new" resources based on the prospectivity of the
overall project area. Metallurgical test work including Gravity Recoverable
Tests, Variability Extraction Tests, Comminution Tests, and Viscosity Settling
tests were also recommended. Further study concerning Tailings Storage Facility
requirements, geotechnical and hydrological characteristics, and environmental
and social baseline studies will be required as well.


Mineral resources that are not mineral reserves do not have demonstrated
economic viability. The preliminary assessment includes inferred mineral
resources that are considered too speculative geologically to have the economic
considerations applied to them that would enable them to be categorized as
mineral reserves, and there is no certainty that the preliminary assessment will
be realized.


The company is now in the process of updating this Scoping Study.

Christopher J. Wild, P.Eng., COO and Vice-President of Exploration of Cassidy
Gold Corp., and a Qualified Person as defined by Canadian National Instrument
43-101, has reviewed and approved the technical disclosure contained in this
news release. 


On behalf of the Board of Directors Cassidy Gold Corp.

James T. Gillis, President

This press release may be accessed at Cassidy Gold Corp.'s website:
www.cassidygold.com and at www.sedar.com 


If you wish to be placed on Cassidy Gold Corp.'s e-mail press release list,
please contact us at cassidygold@telus.net

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