Los Angeles, CA -- Cadiz Inc., (Nasdaq:CDZI), is pleased to announce today the appointment of Mr. Stephen J. Duffy to our Board of Directors.  

     Mr. Duffy is joining the Cadiz Board with over 25 years of management consulting and finance experience, specializing in capital markets and strategic planning. Mr. Duffy is currently Chief Operating Officer for Western National Realty Advisors.  Western National Realty Advisors is the apartment acquisition, development and investment management company of Western National Group, a fully integrated multi-family owner/operator. 

     Prior to joining Western National Realty Advisors in 2004, Mr. Duffy was the Partner-in-Charge of Real Estate Capital Markets for the Western U.S. at Ernst & Young, LLP.  Ernst & Young, LLP merged with Kenneth Leventhal & Company in 1995, and Mr. Duffy was the Managing Partner of Kenneth Leventhal & Company’s Real Estate Consulting Practice in Newport Beach, California at that time.  

       Founded in 1983, Cadiz Inc. is a publicly held water resource management firm.  The Company owns significant landholdings with substantial water resources throughout California.  Further information on the Company can be obtained by visiting our corporate web site at www.cadizinc.com.

       This release contains forward-looking statements that are subject to significant risks and uncertainties, including statements related to the future operating and financial performance of the Company and the financing activities of the Company.  Although the Company believes that the expectations reflected in our forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.  Factors that could cause actual results or events to differ materially from those reflected in the Company’s forward-looking statements include the Company’s ability to maximize value for Cadiz land and water resources, the Company’s ability to obtain new financing as needed, and other factors and considerations detailed in the Company’s Securities and Exchange Commission filings.

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