FOR RELEASE ON
SEPTEMBER 18, 2003

BRIDAS ENERGY, USA AND CADENCE RESOURCES ACCELERATE DRILLING ON THEIR DE SOTO
PARISH, LOUISIANA PROJECT

THIRD WELL SHOULD BE AT TOTAL DEPTH IN ABOUT ELEVEN DAYS

WALLA WALLA, WA - Cadence Resources Corp (OTCBB: CDNR) announced acceleration of
drilling of its exciting natural gas project in De Soto Parish, Louisiana.  The
joint venture between Cadence and Bridas Energy USA is now drilling its third
well, the J.B. Barr #28-1, which is currently at a depth of about 7,500 feet and
should achieve a total depth of 10,300 feet on or about September 29, 2003. The
Company has a 45% working interest in this well which is targeting multiple pay
zones in the Hosston and Cotton Valley sands. Given the excellent results
achieved to date from the first two wells, the JV elected to embark on a more
aggressive drilling schedule, in order to have substantial gas available for
sale during the coming winter and beyond.

To date, the third well has encountered several shallow indicated pay zones of
interest, as well as the expected indicated pay zones in the Hosston formation
which were also encountered in previous wells. All of these zones will be more
fully evaluated upon logging of the well at total depth.

"The enhanced validation of the Logansport property by finding gas at a much
greater distance away from the first and second wells is highly encouraging,"
said Howard Crosby, President of Cadence.

In other news, the joint venture is progressing with completion of its two other
wells in the area, the Ardis Martin-Timber #1 and the Mary Belle Smith #1. The
joint venture has completed two stages of a planned four-part completion process
on the Ardis Martin-Timber #1. The well has been intermittently flowing gas from
different perforated pay sections in the Cotton Valley formation, some of which
has been delivered to the marketplace. It is expected that the completion
process on this well will be done by about October 6, 2003 and the well will
then be placed in full commercial production.

The joint venture has also begun completion of the Mary Belle Smith #1, on which
it is also planning a four-stage completion process. The first stage of the
process is currently underway. The joint venture expects that the Mary Belle
Smith #1 will be fully completed in about five weeks.

Bridas Energy USA, based in Houston, has operations in the Texas-Louisiana Gulf
Coast Area. Bridas Energy USA is a wholly owned subsidiary of Bridas
Corporation, a BVI corporation with its head offices in Buenos Aires, Argentina.
Bridas Corporation's worldwide activities include operations in all areas of
energy production including exploration, production, transportation, storage,
and shipment, as well as power generation. Cadence Resources is an oil and gas
exploration company based in Walla Walla, Washington with development activities
in Louisiana, Texas, and Michigan.

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.

Contacts:  Howard Crosby (509) 526-3491 or John Ryan (843) 682-2023