Cassidy Gold Corp. ("Cassidy") is pleased to announce that, at its annual general meeting held on April 17, 2012, its shareholders approved the adoption of a shareholder rights plan (the "Rights Plan").

The Rights Plan has been adopted to ensure the fair treatment of all shareholders with respect to any takeover bid for the common shares of Cassidy. It is designed to provide shareholders with sufficient time to properly consider a takeover bid without undue time constraints. It will also provide the Board of Directors with additional time to review and consider an unsolicited takeover bid and, if necessary, to consider alternatives.

The TSX Venture Exchange issued its approval of the Rights Plan, subject to shareholder approval, on February 29, 2012. A complete copy of the Rights Plan has been filed under Cassidy's profile on SEDAR. Cassidy's Board of Directors is not currently aware of any pending or proposed take-over bid for Cassidy.

For additional information, please contact:

Paul Rankine, President and Chief Executive Officer
Marion Bush, Chief Operating Officer
Telephone: (250) 372-8222

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Cassidy Gold Corp. 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 realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Cassidy Gold Corp.'s management on the date the statements are made. Except as required by law, Cassidy Gold Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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