Replies to post #58 on Gold Exploration in West Africa

[Ed Monton]

Cassidy financing news:

Mon Apr 7, 2003
Cassidy Announces Public Offering of Units of up to $1,050,000

--------------------------------------------------------------------------------

Kamloops, British Columbia - Cassidy Gold Corp. (the "Company") is pleased to announce that it has entered into a letter of intent with Haywood Securities Inc. (the "Agent") to offer up to 3,500,000 Units of the Company at $0.30 per Unit for gross proceeds of up to $1,050,000. The Units will be offered by means of a Short Form Offering Document in the provinces of British Columbia and Alberta. Each Unit will consist of one common share of the Company and one non-transferable share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional common share of the Company at a price of $0.33 per common share until the first anniversary of the closing of the offering and thereafter at a price of $0.45 per common share until the second anniversary of the closing of the offering.

The Agent will be paid a commission of 8% of the gross proceeds of the offering payable, at the Agent's option, in cash or Units of the Company at a deemed price of $0.30 per Unit. The Agent will also be paid a corporate finance fee of 50,000 Units at a deemed price of $0.30 per Unit and will be reimbursed for its legal fees and expenses incurred pursuant to the offering. The Company will also grant to the Agent a non-transferable warrant to purchase that number of common shares amounting to 15% of the total Units sold under the offering at a price of $0.33 per common share until the second anniversary of the closing of the offering.

The Company will use the proceeds from the offering to fund exploration activities at its Kouroussa property located in Guinea, West Africa, and for general working capital. Details of this stage of exploration, which will include a comprehensive drilling program, is to be announced shortly.

On behalf of the Board of Directors

Cassidy Gold Corp.
James T. Gillis, President

For further information please contact:

Jim Gillis, President
Phone: [phone] or Fax: [phone]

This press release may be accessed at Cassidy Gold Corp.'s website: www.cassidygold.com and at SEDAR-CDY

If you wish to be placed on Cassidy Gold Corp.'s e-mail press release list, please contact us at [e-mail]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

[Dread]

Thanks I am hearing good things as well.

[Dread]

Seemed to be a bit of late day positioning on PMV. I'm keeping my options open for Monday morning. Lawrence Ralston wrote this one up and gave it a pair of thumbs up. Let's see if he's right.