Mr. James Gillis reports

CASSIDY GOLD CORP. CLOSES C$6,109,400 PRIVATE PLACEMENT BY ALCHEMISTS INCORPORATED

Cassidy Gold Corp. has closed a non-brokered private placement of 122,188,000 common shares issued at a per-share price of five cents for gross proceeds of $6,109,400. Alchemists Inc. of Kuala Lumpur, Malaysia, was the sole subscriber to the offering, which was previously announced by the company on July 22, 2014, Aug. 5, 2014, and Sept. 25, 2014. Shares acquired by Alchemists under the offering are subject to a hold period until March 1, 2015, in accordance with applicable securities legislation.

The proceeds from the private placement offering, combined with the proceeds of the convertible debenture issued by Cassidy to Alchemists (as previously announced), will be used by Cassidy to finance the capital expenditure requirements for the development of the Kouroussa gold project to commencement of gold production, and for general corporate purposes. Development will include the purchase of a complete gravity gold recovery plant consisting of a 70-ton-per-hour milling circuit over the first two years, with a second grinding circuit installed in 2017, 60-ton-per-hour crushing circuit and 100-ton-per-hour alluvial plant, inclusive of Falcon concentrators, to be built on site at Kouroussa. The project will be developed as both an open-pit and an underground operation.

As approved by Cassidy's shareholders at the shareholder meeting held on Sept. 25, 2014 (as previously announced by news release on Sept. 25, 2014), and subsequently accepted by the TSX Venture Exchange, Alchemists is now a control person of Cassidy, as that term is defined by the policies of the TSX-V and applicable securities legislation.

We seek Safe Harbor.