Cayden Resources Inc.
TSX VENTURE : CYD

Cayden Resources Inc.

November 09, 2011 07:45 ET

Cayden Commences Drilling at the Las Calles Target on the Morelos Sur Gold Property and Provides Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2011) - Cayden Resources Inc. (TSX VENTURE:CYD) ("Cayden" or the "Company") is pleased to announce that it has commenced drilling at the Las Calles target on its wholly owned Morelos Sur Gold Property in Guerrero, Mexico. The Las Calles target represents a significant opportunity for Cayden to drill in close proximity to Goldcorp's nearby Los Filos and El Bermejal open pit mines. Cayden believes the Las Calles target has significant potential to host gold mineralization based both on its geological setting and some historical drilling completed by Grupo Mexico in 2004. The Las Calles target represents an area 600 meters wide by 1400 meters long and the initial program will consist of approximately 17 holes at various depths ranging from 200 meters to 400 meters.

Cayden has also received results from its La Joya target where it recently discovered a 134 meter trench averaging 0.72 g/t Au (including 44 meters of 0.91 g/t Au), which is open in both directions. The Company plans additional trenching in the area to follow-up on these results.

To view the map associated with this press release, click on the following: http://media3.marketwire.com/docs/cyd119.jpg

Cayden's CEO, Ivan Bebek, commented on these developments: "Cayden is very excited to finally begin drilling its advanced stage Las Calles target and for the recent surface results at its La Joya target. Cayden believes there is an excellent opportunity for a discovery on multiple targets at the Morelos Sur Gold Property."

On Behalf of the Board,

Ivan Bebek, President and CEO

Qualified Person

Ben Gelber, P. Geo., is the Qualified Person with respect to NI 43-101 at the Morelos Sur Gold project.

About Cayden Resources

Cayden is a junior mining company focused on delivering shareholder value through the acquisition, exploration and development of precious metal projects located throughout the Americas. The management team at Cayden is highly experienced with an impressive track record of success in the discovery, development and financing of mineral projects. Cayden is also strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighboring communities.

Cayden trades on the TSX Venture Exchange under the symbol "CYD".

For more information on Cayden Resources, please visit our website at www.caydenresources.com.

Forward Looking and other Cautionary Information

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Contact Information