Cassidy Gold to Conduct IP Survey at Kouroussa Gold Project, Guinea

Cassidy Gold Corp. ("Cassidy") (TSX VENTURE:CDX) is pleased to announce plans
for exploration work on the Kouroussa Gold Project, located in Guinea, West
Africa. Cassidy holds a 100% interest in the project. The program will consist
of a gradient Induced Polarization (IP) survey of the Koekoe Prospect area
extending over to Sodyanfe and northeast to Kinkine. This grid, totalling 145
line-kilometres, will cover the entire project resource area and the most
prospective targets of the Kouroussa Project. Based on results of the survey,
targets will be prioritized ahead of a planned drill program. IP surveys have
been used to successfully identify priority targets at Crew Gold's Lefa Gold
Mine and Semafo's Kiniero Mine, 120 kilometres north and 35 kilometres south of
Kouroussa, respectively.


The IP survey will extend across the length and width of the Koekoe gabbro into
the surrounding Birimian sedimentary strata. Most mineralization associated with
the Sanu Filanan, Sanu Filanan North, Sanu Folo, JJ Vein, and KD-1 prospects is
hosted in the gabbro. However, significant intersections are also found
off-board of the Sanu Filanan trend and at the apparent southern limits of both
JJ and KD-1. These areas have seen limited drilling and remain poorly
understood. The survey will also cover adjoining resource areas at Sodyanfe and
Kinkine, following the Junction and Kinkine faults, respectively. Both faults
are believed to be controlling structures to mineralization. A map highlighting
the planned IP program will be posted at www.cassidygold.com shortly.


Further exploration is designed to direct future drill programs in identifying
and expanding the resource picture at Kouroussa. A Scoping Study completed by
Coffey Mining earlier this year recommended further work focused on the
discovery of additional "new" resources. Scoping work was based on 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 October 2008
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)
--------------------------------------------------------------------------
                        Indicated Resource            Inferred Resource
                  --------------------------------------------------------
Resource Area        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
--------------------------------------------------------------------------



Based on these estimated resources, the Scoping Study 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 (Mtpa). The average gold recovery is 94.5% and
the strip ratio is 6.7:1. Initial capital costs for the Kouroussa Project are
estimated to be $97 million, with a further $11 million estimated for sustaining
capital.


Table 1 shows the Net Present Value (NPV) at a discount rate of 10% and the
Internal Rate of Return (IRR) for the Project for a range of gold prices at a
milling throughput of 1.0 Mtpa employing a gravity-CIP process configuration and
assuming 100% equity financing. Project economics are favourable at a gold price
of greater than US$900. Cassidy believes that more work is warranted including
trying to reduce capital and operating cost and investigating alternative mining
configurations.




Table 1 NPV10% and IRR Sensitivity to Gold Price
-------------------------------------------------
Au Price (USD/oz)   NPV10% (US$ million)   IRR (%)
-------------------------------------------------
$ 750                            -$23.6         1
-------------------------------------------------
$ 838                              $0.0        10
-------------------------------------------------
$ 900                             $16.8        16
-------------------------------------------------
$ 950                             $30.3        21
-------------------------------------------------
$1000                             $43.7        25
-------------------------------------------------



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.


Christopher J. Wild, P.Eng, V.P. Exploration, is Cassidy's Qualified Person for
this release. Harry Warries, MAusIMM, Principal Consultant is the Qualified
Person overseeing the Kouroussa Scoping Study on behalf of Coffey Mining. For
more information, please visit the Company's website at www.cassidygold.com.


On behalf of the Board of Directors

Cassidy Gold Corp.

James T. Gillis, President & CEO

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


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