Cayden Resources Inc.
TSX VENTURE : CYD

Cayden Resources Inc.

September 30, 2011 07:00 ET

Cayden Resources Announces Drilling to Start On Its Las Calles Gold Target

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2011) - Cayden Resources Inc. (TSX VENTURE:CYD) ("Cayden" or the "Company") is pleased to announce it will begin drilling in October at its Las Calles target on its Morelos Sur Project in Guerrero, Mexico. The Las Calles target represents a significant opportunity for Cayden to expand on existing positive gold intercepts previously drilled by Grupo Mexico in a line of east-west holes near the boundary of Goldcorp's Los Filos concession (please see Morelos Sur 43-101 technical report on the Company website www.caydenresources.com). The holes will be drilled over 600 meters north-south by 1400 meters east-west at varying depths designed to test the extension of this zone.

The Company also announces that it has signed a Co-operation Agreement with a Mexican affiliate of Goldcorp whereby the affiliate will fund a 12,750 meter drilling program on the Morelos Sur property to determine whether there is economic gold mineralization in a 200 hectare area adjacent to the property boundary that Goldcorp wishes to use to expand its facilities. The proposed expansion is south and west of Goldcorp's existing production facilities, which already cover approximately 300 hectares of Cayden's Morelos Sur concession. The Co-operation Agreement specifies that Goldcorp will share the results with Cayden and that the parties will then discuss the business relationship going forward. However, unless another agreement is reached, both parties will each maintain their existing surface and subsurface rights.

Cayden's CEO, Ivan Bebek, commented on these developments: "Cayden is very excited to have reached a mutually beneficial agreement with Goldcorp which will give Cayden access to drill its highly prospective Las Calles target while allowing Goldcorp to test another part of the Company's project area at their expense. We look forward to working with Goldcorp and reviewing the outcome of the two programs."

On Behalf of the Board,

Ivan Bebek, President and CEO

About Cayden Resources

Cayden is a well financed 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