Cassidy Gold Corp.
TSX VENTURE : CDY

Cassidy Gold Corp.

July 03, 2009 15:35 ET

Action Against Cassidy Dismissed With Costs

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 3, 2009) - Cassidy Gold Corp. ("Cassidy") (TSX VENTURE:CDY) is very pleased to report that the action initiated by Guinea Gold Mines ("GGM") S.A.R.L. in 2005 against Cassidy has been dismissed, with Cassidy's costs to be paid by GGM after assessment. Further details of the action are available in Cassidy's unaudited interim financial statements for the period ended April 30, 2009 and filed on SEDAR at www.sedar.com.

Jim Gillis, President of Cassidy, said: "We are extremely pleased with the outcome of this action. It gives Cassidy certainty going forward and re-focuses management's efforts to increase shareholder value. We thank all of our shareholders for their patience over the years that it has taken to resolve this matter with a successful outcome."

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.

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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