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File: News Release - commissioning update-4 August 2015.doc

 

432 Royal Avenue Kamloops, BC  V2B 3P7

August 4, 2015          TSX-V: CDX
CASSIDY GOLD CORP. PROVIDES COMMISSIONING UPDATE
Cassidy Gold Corp. (TSX-V:CDX) ("Cassidy" or the "Company") is pleased to announce that, in line with previous guidanc
--->e, the Company successfully exported its first trial shipment of gold dore in Q2 2015.  Commissioning is ongoing and a
--->s such the Company has decided to delay shipment of Phase 3 (35 ton/hr milling circuit) until 2016.

Cassidy cautions that it has not based its production decision on a feasibility study.  The Kouroussa Project has mine
--->ral resources only.  Mineral resources are not mineral reserves and do not have demonstrated economic viability.  No m
--->ining study or technical reports prepared in accordance with National Instrument 43-101 have been published since the 
--->Preliminary Economic Assessment ("PEA") prepared by SRK Consultants on February 28, 2012 (which can be accessed under 
--->Cassidy's issuer profile at www.sedar.com).  Whilst the PEA detailed an open pit operation, the Kouroussa Project will
---> be developed as both an open-pit and an underground operation. There can be no guarantees that production will commen
--->ce as anticipated, or at all.

Christopher J. Wild, P.Eng (Company Director) is the Qualified Person (as that term is defined in National Instrument 
--->43-101 - Standards of Disclosure for Mineral Projects) who has reviewed this news release and is responsible for the t
--->echnical information reported herein.

Cassidy Construction Background
In August 2014 the Company announced plans to use proceeds from a US$12 million convertible debenture plus a minimum U
--->S$5.5 million private placement that was underway, to fund the capital expenditure requirements for the development of
---> the Kouroussa Gold Project to commencement of gold production. 

About Cassidy Gold Corp.
Cassidy is a Canadian mineral development company focused on gold discovery & development in the Republic of Guinea, W
--->est Africa.  Cassidy is listed on the TSX Venture Exchange under the symbol "CDX".  The Company owns a 100% interest, 
--->subject to a 15% state participation, in the Kouroussa Gold Project in the Republic of Guinea.
For additional information, please contact:
James T. Gillis, President  Telephone: (250) 372-8222
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statemen
--->ts 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 e
--->vents or conditions "will", "would", "may", "could" or "should" occur. Although Cassidy Gold Corp. believes the expect
--->ations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guara
--->ntees of future performance and actual results or realities may differ materially from those in forward looking statem
--->ents. Forward looking statements are based on the beliefs, estimates and opinions of Cassidy Gold Corp.'s management o
--->n the date the statements are made. Except as required by law, Cassidy Gold Corp. undertakes no obligation to update t
--->hese forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, shoul
--->d 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.