PICO Holdings, Inc. Announces Resignation of Andrew F. Cates as a Member of the Board of Directors and as a Member of All Committees of the Board

Vidler Water Resources, Inc. is a holding company. The Company primarily operates through its wholly owned subsidiary, Vidler Water Company, Inc. (Vidler Water). It provides potable water resources to communities throughout the Southwest of the United States that lack, or are running short of, available water resources. The Company provides water development solutions for end-users by identifying, acquiring and developing water rights, often within fragmented agricultural markets, and over time converting these water rights to higher valued municipal and industrial uses. Its alternative energy sites are in locations that are adjacent to natural gas, fiber optic, power transmission and transportation corridors. The Company owns water resources and water storage in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado, and New Mexico. It is also primarily focused on selling its existing water rights and storage credits.