Cayenne Gold Mines Receives Revocation Order from British Columbia Securities Commission and Announces Private Placement Fina...

Cayenne Gold Mines Inc. (CNSX:CYN) ("Cayenne" or the "Corporation") is pleased
to announce that the British Columbia Securities Commission (the "BCSC") has
granted a full revocation of the cease trade order issued by the BCSC against
the Corporation (the "CTO"). The Corporation intends to complete a non-brokered
private placement ("Private Placement") to up to 13,000,000 units ("Units") at a
price of $0.05 per Unit for aggregate gross proceeds of up to $650,000.00
Canadian Dollars. Each Unit will consist of one common share (a "Share") in the
capital of Cayenne.


The CTO was imposed by the BCSC for failure by the Corporation to file its
audited financial statements for the year ended September 30, 2011, management
discussion and analysis for the year ended September, 2011 and the
certifications required with respect thereto by the prescribed date. 


On March 22, 2012, Cayenne has filed its audited financial statements for the
financial years ended September 30, 2011 together with the management discussion
and analysis for the financial years ended September 30, 2011 and the
certifications required with respect thereto. All of the continuous disclosure
documents can be reviewed on www.sedar.com. 


The Corporation is in the process of applying to the Ontario Securities
Commission, Manitoba Securities Commission for a full revocation of the cease
trade order issued by the jurisdictions and the Canadian National Stock Exchange
for re-instatement of trading in the Company's shares. The Corporation expects
that its shares will recommence trading shortly, following the Exchange's review
of its reinstatement application.


The Corporation now plans to commence a non-brokered private placement. The
proceeds will be used for general working capital and business development while
Cayenne completes the agreement between the Corporation and Blue Horizon Mining,
as stated in the press release of February 6, 2012. At this time the private
placement will be available to qualified investors in British Columbia, Alberta,
and Saskatchewan. A finder's fee of up to 10 percent of the gross proceeds of
the offering may be paid, on all or any portion of the funds raised pursuant to
this offering. In addition, finders will receive finders' warrants equal to up
to 10 percent of the number of units issued in connection with the offering.
Each finder's warrant will entitle the holder to purchase one common share. The
Private Placement is subject to regulatory approval, including approval of the
CNSX.