An anonymous representative of Alchemists reports

Alchemists Inc. (AI) of Kuala Lumpur, Malaysia, has acquired ownership of 122,188,000 common shares in the capital of Cassidy Gold Corp. representing approximately 59.1 per cent of the issuer's issued and outstanding common shares. The shares were acquired for investment purposes by cash subscription at a per share price of five cents through a private placement offering conducted by the issuer and were issued from the issuer's treasury. In addition to the shares acquired, AI is the grantee under a $12-million (U.S.) convertible debenture, which is convertible into common shares of the issuer at the option of AI at a deemed price of five cents per share, in accordance with the terms of the convertible debenture. Assuming the debenture is fully funded and assuming conversion of the debenture based on a nominal Bank of Canada foreign exchange rate, AI would own an aggregate of approximately 389,452,000 common shares or approximately 82.2 per cent of the issuer's common shares on a postconversion (partially diluted) beneficial ownership basis. These security holdings will be evaluated by AI and the investment increased or decreased as circumstances warrant.

A report respecting this acquisition will be filed with the securities commission in each jurisdiction where the issuer is reporting and will be available for viewing through the Internet at the SEDAR.