August 9, 2012 – Toronto, Ontario – Cadman Resources Inc. (CUZ) (the “Company”) reports an amendment to the previously announced financing. On July 5, 2012 the Company reported a non-brokered private placement for gross proceeds of $99,000 through the sale of 660,000 units at $0.15 per share. The financing has been amended to a total gross proceeds of $42,000 through the sale of 280,000 units at $0.15 per share. Each unit will be comprised of one Common Share and one half of one Common Share purchase warrant, each full warrant exercisable at a price of $0.20 for one Common Share within 18 months from the date of issuance.
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