FOR IMMEDIATE RELEASE ON
October 21, 2003

Cadence  Announces  Successful  Results  from Third Gas Well in De Soto  Parish,
Louisiana

Begins Drilling of Fourth Well in the Area

Walla Walla, WA - Cadence Resources Corporation (OTCBB: CDNR) announced today
highly successful results from the drilling of the JB Barr-1 well in DeSoto
Parish, Louisiana. The well is the third deep gas well drilled as part of an
on-going joint venture. Cadence has a 45% working interest in this well. This
well logged 115 Feet of gross pay in the Cotton Valley formation and 262 feet of
gross pay in the Hosston formation, which is equal or superior to the other two
wells previously drilled as part of the joint venture. Production casing has
been set at 10,850 feet and the operators are currently awaiting the cement to
cure before beginning completion.

In other news the partners recently spudded the Gamble 32-1 well, its fourth
well in the area, and located approximately 1 1/2 miles to the southwest of the
JB Barr-1. The Company expects this well to be at total depth by about
mid-November.

In Wilbarger County, Texas, Cadence is in the final stages of completing
negotiations for a 4,256 acre option position on the Waggoner Ranch. Plans call
for a full coverage 3-D seismic survey to begin in late December, 2003.
Currently the Company has interests in five producing oil wells on the Ranch.

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