Cayden Resources Inc.
TSX VENTURE : CYD

Cayden Resources Inc.

November 18, 2010 10:01 ET

Cayden Resources Commences Drilling at Morelos Sur Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2010) - Cayden Resources Inc. (TSX VENTURE:CYD) ("Cayden") is pleased to announce that it has commenced drilling its Morelos Sur property with two core rigs. The Morelos Sur property is located in the Nukay mining district of central Guerrero State in southern Mexico, approximately 230 kilometers south of Mexico City. The Morelos property surrounds the Los Filos Gold property, Mexico's largest gold producer currently operated by Goldcorp and bounds Goldcorp's La Bermejal property on two sides (please see www.caydenresources.com for a map showing property position as well as planned exploration targets). Gold mineralization in the district is hosted near the contact of early Tertiary intrusions with the carbonate sequence of the upper Cretaceous Morelos Formation. Mineralization occurs both within the early Tertiary intrusions as well as in skarn deposits, which are hydrothermally altered limestone at or near the intrusive contacts.

The first phase of drilling on the Morelos Sur property will be testing four significantly underexplored intrusive-limestone contacts: the Mina Verde target has a 43-101 compliant inferred resource of 1.7 m tonnes at 1.49 g/t applying a cutoff of 0.2 g/t Au for a total of approximately 80,000 ounces. The inferred resource was drilled over a 300 meter by 400 meter area and is open in three directions. A combination of high magnetic signature (magnetite is an important gold-associative mineral), favorable stratigraphy (Morelos Formation limestone intruded by granodiorite) and favorable geochemistry (1.5 g/t Au rock samples over 1500 meters from the closest drill hole) suggest a much larger area that is prospective for similar mineralization. Cayden intends to drill test over a 3 km by 1 km area.

The La Hormiga and La Joya prospects contain small historic workings in areas with coincident mapped intrusions, magnetic anomalies, and gold anomalous rock samples. Previous assays from iron and silica-and Fe-oxide rich limestone core at the La Joya project are as high as 87 g/t Au and average 0.5 g/t. The La Hormiga prospect has yet to be drilled.

To La Magnetita prospect lies to the west of the La Hormiga prospect and is one of the largest untested magnetic and alteration anomalies in the district, with very strong intrusive and hydrothermal activity hosted in prospective limestone beds. As befitting such a raw and untested anomaly, Cayden will perform geochemical, geological, and geophysical studies in order to better delineate drill targets.

Cayden plans to spend a minimum of US$1.5 M to complete its first phase exploration program.

Cayden CEO Ivan Bebek states; "Cayden is very excited to begin its drill program at the Morelos Sur property. We have an experienced technical team overseeing an aggressive drill program on three targets in a very prolific gold district."

On Behalf of the Board,

Ivan Bebek, President and CEO

The Morelos Properly is the subject of an October, 2010 National Instrument 43-101 technical report authored by Eric Chapman B.Sc. (Geology), M.Sc. (Mining Geology), C.Geol. FGS Consultant, Snowden Mining Industry Consultants; John Wahl PhD (Geology), P.Geo, Senior Geological Associate, Southampton Associates Inc.; Leon Lorenzen BEng. (Chemical Engineering), MScEng. (Metallurgical Engineering), PhD (Engineering), FSAIMM, FIChemE, FSAIChE, CPEng, CEng, PrEng. The technical report will be available for download at www.sedar.com concurrently with TSX Venture Exchange approval.

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.

Benjamin Gelber, B.Sc., P Geo. is the Qualified Person responsible for this news release.

Forward Looking and other Cautionary Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts that address property acquisition plans exploration drilling, exploitation activities and other related events or developments are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Cayden Resources Inc., investors should review the Company's public filings with available at www.sedar.com.

To view the map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/CYD1118.pdf

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

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