Cassidy Gold Corp.

Cassidy Gold Corp.

March 16, 2005 14:59 ET

Cassidy Gold Corp.: Near Surface Inferred Resource of 315,000 Ounces at Sanu Filanan




MARCH 16, 2005 - 14:59 ET

Cassidy Gold Corp.: Near Surface Inferred Resource of
315,000 Ounces at Sanu Filanan

KAMLOOPS, BRITISH COLUMBIA--(CCNMatthews - March 16, 2005) - Cassidy
Gold Corp. (TSX VENTURE:CDY) is pleased to announce the first resource
estimate for the Sanu Filanan deposit on the Kouroussa Property, located
in Guinea, West Africa. A near-surface inferred mineral resource of
4,458,000 tonnes grading 2.2 g/t Au at a cutoff grade of 0.7 g/t Au
gives 315,000 ounces of contained gold. David Slater, of RSG Global of
Perth, Australia, is the Qualified Person for the Resource Statement,
prepared in accordance with standards set out in National Instrument
43-101. The resource is based on 71 diamond drill holes totalling 10,765
metres over a strike length of approximately 700 metres.

The resource calculation does not include the 21 diamond drill holes
completed on the northwest extension of the Sanu Filanan deposit since
January 1, 2005, nor does it include data from the JJ Vein or X-Vein
Zones. That data and future drill results will be incorporated in future
resource updates.

Table 1 Summary of Mineral Resource Estimate

Inferred Resource
Cutoff Grade -----------------------------------------
g/t Au Tonnes Au g/t ounces Au
0.7 4,458,000 2.2 315,000
1.0 3,561,000 2.5 291,000

The Sanu Filanan deposit is a shear-hosted zone of quartz veining and
silicification hosted in mafic volcanic and sedimentary rocks, of the
Birimian Terrain, host to most of the major gold deposits of West
Africa. The JJ Vein Zone runs parallel to the Sanu Filanan trend, 400
metres to the northeast, and has been defined by 24 diamond drill holes
totalling 2,750 metres. Although no resource estimation was completed
for the JJ Vein, RSG Global notes that "the tenor of mineralization
identified to date (higher than the Sanu Filanan prospect) makes the JJ
Vein a high priority target." Further reverse circulation and diamond
drilling is planned for the JJ Vein.

Resource Parameters

The Sanu Filanan resource estimate is based on a block model of the
deposit, constructed around the mineralized zones defined by a 0.3 g/t
lower cutoff and 3 metre horizontal thickness, creating a single domain
for the deposit. A 2 metre down-the-hole composite interval was applied
for statistical, geostatistical, and grade estimation investigations.
Based on a statistical review, a 30 g/t high grade cap was applied. In
addition, the influence of high grade composites (greater than 20 g/t)
was restricted to reduce possible smearing of high grades into low grade

Sensitivity analysis demonstrates that significant additional ounces are
reported when no high grade distance restriction or high grade cap is
applied. Additional drilling of high grade zones is recommended to allow
improved modelling of the high grade zones and a reassessment of the
high grade cap.

Within the block model, block size was set at 10m x 10m x 5m. Sub blocks
2.5m x 2.5m x 1.25m in size were used to improve volume definition. Bulk
densities were measured, averaged and applied to different material
types as follows:

Laterite - 2.2 t/m3
Saprolite - 1.9 t/m3
Primary - 2.7 t/m3

Cassidy Gold Corp. maintains an extensive quality control program
utilizing appropriate sample collection procedures, standards and
duplicates, and sample security for the Kouroussa Project. Marc-Andre
Boudreau is the Project Manager in Guinea and Marthe Archambault, P.Geo.
is the Qualified Person on-site. Christopher J. Wild, P.Eng., Cassidy
Gold's Vice President of Exploration is a Qualified Person and oversaw
the preparation of this news release. A detailed 43-101 compliant
technical report will be filed on Sedar within 30 days.

On behalf of the Board of Directors

Cassidy Gold Corp.

James T. Gillis, President

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Contact Information

    Cassidy Gold Corp.
    Jim Gillis
    (250) 372-8222
    (250) 828-2269 (FAX)
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.