Exhibit 99.1
Cadence Signs Letter of Intent to Merge with Aurora Energy
Friday November 19, 9:57 am ET

WALLA WALLA,  Wash., Nov. 19, 2004 (PRIMEZONE) -- Cadence Resources  Corporation
(OTC  BB:CDNR.OB  - News) is pleased to  announce  that the Company has signed a
letter of intent  establishing a 60 day  exclusivity  period in order to conduct
due diligence  and negotiate  terms for  acquisition  of all of the  outstanding
shares of Aurora Energy,  Ltd., a privately held company based in Traverse City,
Michigan in exchange for shares of common stock of Cadence.  The exchange  ratio
is to be negotiated during the exclusivity period.

Under the terms of the agreement,  Cadence also would purchase  300,000 units of
Aurora at $2.50 per unit consisting of one share of common stock and a four-year
warrant to acquire one share of Aurora at $3.50 per share.  During the period of
exclusivity,  the parties will prepare and negotiate final terms of a definitive
merger  agreement  and continue  exchanging  engineering  evaluation  materials,
geologic data,  financial  data and other  information.  During the  exclusivity
period,  Aurora has agreed not to solicit, or enter into, a transaction for sale
of Aurora or its assets with any other party.

Upon signing of the merger  agreement it is  anticipated  that the three largest
shareholders   of  Aurora  will   immediately   exchange  90%  of  their  Aurora
shareholdings  for  Cadence  shares and the  balance of the  outstanding  Aurora
shares will be acquired and exchanged upon the  effectiveness  of a registration
statement  with the  Securities  and Exchange  Commission  and other  regulatory
bodies.

Aurora Energy is a major holder of oil and gas leases in the  well-known  Antrim
Shale  natural gas trend in Michigan and also has holdings of over 400,000 acres
in the New Albany Shale gas trend in Southern Indiana.  Aurora currently has six
joint  ventures  active on its acreage  which  includes  agreements  with Samson
Resources,  El Paso Natural Gas (NYSE:EP - News),  Forest Oil (NYSE:FST - News),
and three others.

"We believe  Aurora Energy is currently  positioned to become one of the largest
players in the shale gas market," said Howard Crosby,  President of Cadence. "We
are looking  forward to joining with them in the next phase of developing  their
outstanding acreage package. Furthermore, we believe the development projects of
Cadence,  which are focused on oil reserve development,  will greatly complement
the Aurora land holdings  resulting in a company with outstanding  commodity and
geographic diversity."

It is  envisioned  by the  companies  that upon a successful  completion  of the
merger the main  office of the  Company  will be  relocated  to  Traverse  City,
Michigan,  the  current  headquarters  of Aurora.  It is also  anticipated  that
current Aurora Board members will occupy a majority of the Board seats,  and Mr.
William Deneau, currently the CEO of Aurora, will become the CEO of the combined
entity.

Under the terms of the letter of intent,  the principal  stockholders of Cadence
would provide proxies covering their Cadence shares to Aurora  management for 36
months,  and 90% of the shares owned by the principal  insider  stockholders  of
Cadence and Aurora would be subject to a 36 month lockup.



Certain statements contained herein may contain forward-looking  statements that
involve risks and uncertainties. Therefore, actual results may differ materially
from those projected or implied. As a result, these  forward-looking  statements
represent the Company's  best judgment as of the date of this news release.

For further information, please contact Howard Crosby at (509) 526-3491, or John
P. Ryan at (843) 842-4048.