CDX Cloud DX Inc

Cassidy Gold Corp. (TSX VENTURE:CDX) (the "Company" or "Cassidy") is pleased to
announce an update on its strategy and current activities.


Highlights



--  Management completes full review of core asset and data - strategy
    commenced 
--  1.097Moz contained in 20.45Mt grading 1.7g/t (cut-off @ 0.5g/t) NI 43-
    101 gold resource at its Kouroussa project in Guinea 
--  Pre-Feasibility Study underway - target completion in second half of
    2012 
    --  Deposit remodelling underway 
    --  Heap leach metallurgical test work 
    --  Geotechnical drilling 
    --  ESIA commencement - critical path item 
    --  Selection of contract partners underway 
--  Objective to rapidly develop open pit gold mining operations 



The recently appointed management team of Paul Rankine (President and Chief
Executive Officer) and Marion Bush (Chief Operating Officer) bring extensive
mining and finance experience to the Company. Following their detailed site
assessment of the core near-surface gold assets in Guinea and the accompanying
data, management has put a strategic plan in place to determine the commercial
viability of development through the completion of a Pre-Feasibility Study.


Strategy

Cassidy currently has a 1.097Moz contained in 20.45Mt grading 1.7g/t (cut-off @
0.5g/t) NI 43-101 gold resource and a Scoping Study on its Kouroussa project in
Guinea. The Company is progressing towards a completed Pre-Feasibility Study in
the second half of 2012. It is intended that the Pre-Feasibility Study project
managers will have been appointed by the end of 2011 alongside the appointment
of an Environmental and Social Impact Assessment study manger. The Company's
consultants will spend early 2012 working on the deposit remodelling, heap leach
metallurgical test work and geotechnical drilling. It is expected that a new
financial model will be available in the first quarter of 2012.


The Company is proposing to actively engage with the international investment
community during the first half of 2012 within a structured communications
programme as the Company looks to increase its global profile. Additionally the
Company is keen to expose its management team to a variety of investors,
analysts and investment and mining press over the course of the coming months.


Paul Rankine, a Qualified Person for the purposes of National Instrument 43-101,
has read and taken responsibility for this news release.


Paul Rankine, CEO, commented: "The Board of Cassidy Gold is committed to rapidly
developing the potential of the Kouroussa mine. Alongside this we believe that
engagement with the global investment community will ensure that the Company is
ideally situated to take advantage of the results of its upcoming strategy."


Management Biographies

Paul Rankine

Paul has served as the CEO and a director of Zambezi Nickel Ltd. from May 2005
to February 2007, a director of Stellar Diamonds plc from August 2007 to October
2010 and a director of TomCo Energy plc from September 2011 to present, all
companies listed on the London Stock Exchange's AIM. Paul has experience as a
mining equities financial analyst and consultant and has held positions with JP
Morgan Investment Management Inc., Citigroup Asset Management Ltd. and Altima
Partners LLP. Additionally Paul holds a BSc (Eng) Mining and an MSc (Eng)
Mineral Economics from the University of Witwatersrand and an MBA from the
University of Cape Town, is a fellow of the Southern African Institute of Mining
and Metallurgy and a professional member of the Society of Mining, Metallurgy
and Exploration Inc. in the United States.


Marion Bush

Marion graduated from Curtin University of Technology, Western Australia with a
BSc (Geology) in 1993 and a Postgraduate Diploma (Applied Geology) in 1994. She
graduated from the Imperial College in London, UK with an MSc (Mineral Project
Appraisal) in 1998. Marion has experience in commercial management, analyst and
marketing roles. Most recently she worked as an analyst for Zamin Advisors Ltd.
and as a consultant with Digby Advisors Ltd.


About Cassidy

Cassidy Gold Corp. is a gold exploration and development company listed on the
TSX Venture Exchange (symbol CDX). Cassidy's principal asset is its 100% owned
interest, subject to a 15% state participation, in the Kouroussa Gold
Exploitation License and the surrounding gold exploration concessions in Guinea,
West Africa. Cassidy's mission is to fast-track the development of the Kouroussa
mine.


This news release contains certain statements that may be deemed
"forward-looking statements". Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although the Company believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward looking
statements. Forward looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are made. The
Company undertakes no obligation to update these forward-looking statements in
the event that management's beliefs, estimates or opinions, or other factors,
should change, except as required by law.

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