Cayden Resources Inc.
TSX VENTURE : CYD

Cayden Resources Inc.

April 15, 2011 08:31 ET

Cayden Graduates to Tier 1 on the TSX Venture Exchange

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 15, 2011) -Cayden Resources Inc. (TSX VENTURE:CYD) ("Cayden" or the "Company") is pleased to announce that the TSX Venture has approved the Company's graduation to Tier 1 issuer status effective April 15th, 2011.

Tier 1 is reserved for the TSX Venture Exchange's most advanced issuers with the most significant financial resources, and the benefits of Tier 1 status include decreased filing requirements and improved service standards.

President and CEO Ivan Bebek commented, "We are very pleased to have been graduated to Tier 1 of the TSX Venture Exchange, the highest listing standard of the TSX Venture Exchange. Cayden's graduation is a recognition of the strength and quality of our current projects, management and financial resources, and is another corporate step reflecting the growth of the Company. Tier 1 status will provide Cayden with more flexibility to increase its status in the investment community, and will facilitate further transactions" said Ivan Bebek, the Company's President and Chief Executive Officer.

In conjunction with the Tier 1 listing, shares of the Company currently held in escrow subject to an escrow agreement dated December 17, 2008 as amended August 14, 2009 (the "CPC Escrow Agreement") among the Company, Olympia Trust Company (the "Escrow Agent") and certain escrowed security holders, and an escrow agreement dated September 21, 2009 (the "Value Escrow Agreement") among the Company, the Escrow Agent and Ivan Bebek, Peter Rees, Shawn Wallace and Daniel McCoy will be subject to an accelerated release schedule.

On Behalf of the Board,

Ivan Bebek, President and CEO

About Cayden Resources Cayden is a junior mineral exploration company focused on the rapid exploration and development of high quality mining assets located primarily in North and South America. Managed by highly skilled and successful technical and financial professionals, Cayden is well financed with no debt. 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. More information about Cayden is available at www.caydenresources.com.

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