Cassidy Gold Corp. (CDY:TSX-V) is pleased to announce results from reverse circulation (RC) drilling on its 100%-owned Kouroussa Gold Project, located in Guinea, West Africa. In-fill and step-out drilling at the Sanu Filanan Extension (formerly the NW Plateau) included 32 RC holes totalling 3361 metres. Highlights include 11.51 g/t Au over 9.0 metres KRC1235, 18.97 g/t Au over 2.0 metres in KRC1230, 1.58 g/t Au over 10.0 metres in KRC1229, and 2.24 g/t Au over 6.0 metres in KRC1164. These results confirm a series of mineralized zones over an area approximately 500 metres by 250 metres, north to northwest of, and largely on strike with the Sanu Filanan Deposit. True widths are undetermined at present.

The 32 holes are arranged on fences of 2-3 holes spaced at forty metres across the interpreted north and northwest trends of mineralization, over 500 metres of strike length. Mineralization is located close to surface, hosted in weathered gabbro adjacent to the contact with fine-grained Birimian sedimentary rocks. For convenience, the Sanu Filanan Extension can be divided into north and south sections.

Sanu Filanan Extension -- Northern Section

Highlights to the north include 1.57 g/t Au over 10.0 metres in KRC1229 and 18.97 g/t Au over 2.0 metres in KRC1230, adjacent to the contact. Fifty metres to the east, highlights include 1.73 g/t Au over 5.0 metres in KRC1234 and 11.51 g/t Au over 9.0 metres in KRC1235. Close to 150 metres south, KRC1227 intersected 0.77 g/t Au over 19.0 metres. Current drilling on the northern section of the Extension will assist in linking mineralization together into a coherent resource model.

Sanu Filanan Extension sits north of the Sanu Folo break, in close proximity to the Koekoe gabbro -- Birimian sediment contact. The northern portion of the Extension trends more northerly as the contact swings to the north and northeast. A few holes drilled into the Birimian sediments to the north intersected only scattered mineralization, confirming again that mineralization is largely confined to the gabbro.

Table 1 Sanu Filanan Extension Results -- Northern Section

Sanu Filanan Extension -- Southern Section

Immediately north of the Sanu Folo break, drilling has focussed on two trends: a northwest structure continuous with the main Sanu Filanan structure and a north-trending structure that hosts strong mineralization in the northern section of the Sanu Filanan Extension. The former trend includes 5.75 g/t Au over 3.0 metres in KRC1163 and 2.24 g/t Au over 6.0 metres in KRC1164. Both intervals are 60 metres northwest of, and on strike with intervals intersected in KRC1248 (1.96 g/t Au over 10.0 metres) reported in Cassidy News Release -- June 26, 2007, as part of the Sanu Filanan zone. On the north trending structure, mineralized intervals include, from north to south, 4.58 g/t Au over 3.0 metres in KRC1253, 1.12 g/t Au over 8.0 metres in KRC1254, 1.75 g/t Au over 3.0 metres in KRC1159, and 1.21 g/t Au over 3.0 metres in KRC1336. While widths and grades are somewhat lower to the south, the north structure is continuous over a total of 500 metres.

Table 2 Sanu Filanan Extension Results -- Southern Section

The Sanu Filanan Extension was initially tested by two fences of RC holes in late 2006. Results included 1.67 g/t Au over 14.0 metres in KRC1045 and 1.25 g/t Au over 10.0 metres in KRC1046 (see Cassidy Gold Corp News Release, January 11, 2007). Drilling in early 2007 highlighted strong grades including 15.29 g/t Au over 11.0 metres and 2.90 g/t Au over 18.0 metres and established continuity of the mineralization to the north (see Cassidy Gold Corp News Release, March 15, 2007). Updated location maps will be posted on www.cassidygold.com shortly.

The Sanu Filanan deposit consists of near surface, potentially open-pittable, mainly oxide mineralization, outlined over a strike length of 900 metres. In September 2006, RSG Global Consulting estimated an indicated resource of 161,000 ounces of gold in 1,552,000 tonnes grading 3.2 g/t Au and an additional inferred resource of 205,000 ounces in 2,811,000 tonnes grading 2.3 g/t Au.

Exploration Program

Two drills continue on the Sanu Filanan Extension, and on the northwest section of Sanu Filanan. Twelve of 18 RC holes have now been completed at Sanu Filanan Extension. At Kinkine, a few RC holes will be extended with diamond tails to test mineralization to a depth of around 200 metres. The current phase of drilling is expected to be completed in early August. Resource modelling is planned for August and an updated resource estimate can be expected in September.

Sampling and Assay Procedures

RC drill samples were collected from the cyclone and split using a 1 in 8 riffle splitter down to approximately 2.5kg in size. All samples were sent to the SGS analytical laboratory in Siguiri, Guinea for further sample preparation and fire assay using a 50-gram sub sample. Along with SGS internal quality control procedures, external field duplicates, blanks and certified standards are undertaken over 5% of all sampling. Quality control/quality assurance is closely monitored by RSG Global personnel.

Personnel

Senior Geologist Brad Ackroyd of RSG Global Consulting heads the exploration team in Guinea. Christopher J. Wild, P.Eng, VP Exploration for Cassidy Gold Corp, is the Qualified Person for this release.

On behalf of the Board of Directors

Cassidy Gold Corp.

James T. Gillis
James T. Gillis, President & CEO

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

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