Cayenne Gold Mines Ltd.
CNSX : CYN

February 13, 2012 14:11 ET

Cayenne Gold Announces BCSC Cease Trade Order

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 13, 2012) - Cayenne Gold Mines Ltd. ("Cayenne" or "the Company") (CNSX:CYN) announces that the British Columbia Securities Commission has issued a Cease trade Order ("CTO") prohibiting the trading of the common shares of the Company effective immediately. The CTO was issued to the Company as a result of the delay in filing by the required date of the Company's audited consolidated annual financial statements and related management discussion and analysis for its financial year ending September 30, 2011 (the "2011 YE Financial Report").This restriction will remain in place until the 2011 YE Financial Report is filed and the Company's regulatory filings are brought up to date.

H. Alex Briden, the President & CEO of Cayenne commented "As detailed in our press release dated February 6, 2012, the Company has entered into a Letter of Intent ("LOI") with Blue Horizon Mining Inc. ("BH Mining") to acquire all of the issued and outstanding shares of BH Mining. In this regard, Cayenne has been focusing on advancing the contemplated transaction and has not yet filed its audited annual financial statements for the year ending September 30, 2011. Our management is working diligently together with BH Mining's management and our auditor to finalize as soon as possible the financial statements after which an application to the regulatory authorities will be made to revoke the CTO and reinstate the common shares of the Company for trading."

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the Canadian National Stock Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian National Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

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