Cayden Resources Inc. Announces CAD$7.3 Million Bought Deal Financing

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

VANCOUVER, March 7, 2014 /CNW/ - Cayden Resources Inc. (TSX.V:CYD, OTCQX: CDKNF) ("Cayden" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Beacon Securities Limited and including Canaccord Genuity Corp. (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 4,300,000 common shares (the "Common Shares") of the Company at a price of CAD$1.70 per Common Share (the "Offering Price") for gross proceeds of CAD$7,310,000 (the "Underwritten Offering"), by way of short form prospectus to be filed in each of the Provinces of Canada, except Quebec. In addition, the Company will grant the Underwriters an over-allotment option, exercisable on or for a period of up to 30 days following the closing of the Offering to purchase from the Company up to an additional 645,000 common shares at the Offering Price per Common Share (the "Over-Allotment Option", and together with the Underwritten Offering, the "Offering"). If the Over-Allotment Option is exercised in full, an additional $1,096,500 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $8,406,500.

The Underwriters will receive a cash commission of 7% of the gross proceeds raised, and common share purchase warrants entitling the Underwriters to purchase within 24 months after closing of the Offering, common shares of the Company equal to 3% of the aggregate number of securities sold pursuant to the Offering at the Offering Price per Common Share.

The Company intends to use the net proceeds from the Offering for exploration and development of its mineral interests in Mexico and for general corporate and working capital purposes.

Closing of the Offering is anticipated to occur on or before April 1, 2014 and is subject to certain conditions including, but not limited to the receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.

On Behalf of the Board, Ivan Bebek, President and CEO

About Cayden Resources - Cayden is a junior mining company focused on delivering shareholder value through the acquisition, exploration and development of precious metal projects in Mexico. The management team at Cayden is highly experienced with an impressive track record of success in the discovery, development and financing of mineral projects. Cayden is also strongly committed to the highest standards for environmental management, social responsibility, health and safety for its employees and neighboring communities. Cayden trades on the TSX Venture Exchange under the symbol "CYD" and "CDKNF" on the OTCQX.
For more information on Cayden Resources, please visit our website at www.caydenresources.com.

Forward Looking and other Cautionary Information - Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

This press release includes certain forward-looking information as defined in applicable securities law (referred to herein as "forward-looking statements"). Specifically, this press release contains forward-looking statements regarding the completion of the Offering and the use of proceeds of the Offering. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, volatility of the price of gold, changes in debt and equity markets, general economic conditions, environmental compliance and changes in legislation and regulation, interest and exchange rate fluctuations, and other risks involved in the gold exploration industry. Investors should review the Company's AIF which is available at www.sedar.com.

Such forward-looking statements are also based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about the following: the availability of financing for exploration and development activities; operating and capital costs; the Company's ability to attract and retain skilled staff; sensitivity to metal prices and other sensitivities; the supply and demand for, and the level and volatility of the price of , gold; exchange rates, market competition; timing and receipt of regulatory approvals; ongoing relations with employees and general business and economic conditions. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date hereof, or such other date or dates specified in such statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that is will make additional updates with respect to those or other forward-looking statements.

SOURCE Cayden Resources Inc.