March 16, 2005 TSXV - CDY

Near Surface Inferred Resource of 315,000 Ounces at Sanu Filanan

Cassidy Gold Corp (CDY:TSX-V) is pleased to announce the first resource estimate for the Sanu Filanan deposit on the Kouroussa Property, located in Guinea, West Africa. A near-surface inferred mineral resource of 4,458,000 tonne's grading 2.2 g/t Au at a cutoff grade of 0.7 g/t Au gives 315,000 ounces of contained gold. David Slater, of RSG Global of Perth, Australia, is the Qualified Person for the Resource Statement, prepared in accordance with standards set out in National Instrument 43-101. The resource is based on 71 diamond drill holes totalling 10,765 metres over a strike length of approximately 700 metres.

The resource calculation does not include the 21 diamond drill holes completed on the northwest extension of the Sanu Filanan deposit since January 1, 2005, nor does it include data from the JJ Vein or X-Vein Zones. That data and future drill results will be incorporated in future resource updates.

Table 1Summary of Mineral Resource Estimate

Cutoff Grade
g/t Au

Inferred Resource

Tonne's

Au g/t

ounces Au

0.7

4,458,000

2.2

315,000

1.0

3,561,000

2.5

291,000

The Sanu Filanan deposit is a shear-hosted zone of quartz veining and silicification hosted in mafic volcanic and sedimentary rocks, of the Birimian Terrain, host to most of the major gold deposits of West Africa. The JJ Vein Zone runs parallel to the Sanu Filanan trend, 400 metres to the northeast, and has been defined by 24 diamond drill holes totalling 2,750 metres. Although no resource estimation was completed for the JJ Vein, RSG Global notes that "the tenor of mineralization identified to date (higher than the Sanu Filanan prospect) makes the JJ Vein a high priority target." Further reverse circulation and diamond drilling is planned for the JJ Vein.

Resource Parameters
The Sanu Filanan resource estimate is based on a block model of the deposit, constructed around the mineralized zones defined by a 0.3 g/t lower cutoff and 3 metre horizontal thickness, creating a single domain for the deposit. A 2 metre down-the-hole composite interval was applied for statistical, geostatistical, and grade estimation investigations. Based on a statistical review, a 30 g/t high grade cap was applied. In addition, the influence of high grade composites (>20 g/t) was restricted to reduce possible smearing of high grades into low grade areas.

Sensitivity analysis demonstrates that significant additional ounces are reported when no high grade distance restriction or high grade cap is applied. Additional drilling of high grade zones is recommended to allow improved modeling of the high grade zones and a reassessment of the high grade cap.

Within the block model, block size was set at 10m x 10m x 5m. Sub blocks 2.5m x 2.5m x 1.25m in size were used to improve volume definition. Bulk densities were measured, averaged and applied to different material types as follows:

Laterite   -   2.2 t/m3
Saprolite   -   1.9 t/m3
Primary   -   2.7 t/m3

Cassidy Gold Corp. maintains an extensive quality control program utilizing appropriate sample collection procedures, standards and duplicates, and sample security for the Kouroussa Project. Marc-Andre Boudreau is the Project Manager in Guinea and Marthe Archambault, P.Geo. is the Qualified Person on-site. Christopher J. Wild, P.Eng., Cassidy Gold's Vice President of Exploration is a Qualified Person and oversaw the preparation of this news release. A detailed 43-101 compliant technical report will be filed on Sedar within 30 days.

On behalf of the Board of Directors
Cassidy Gold Corp.
James T. Gillis, President

For further information please contact:
Jim Gillis, President - Phone: 250-372-8222 or Fax: 250-828-2269

This press release may be accessed at Cassidy Gold Corp.'s website: www.cassidygold.com and at SEDAR-CDY

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