CADIZ INC. MAKES REPORT PURSUANT TO
NASDAQ MAREKPLACE RULE 4350(B)

Los Angeles, CA -- Pursuant to NASDAQ Marketplace Rule 4350(b)(1)(B),  Cadiz Inc. (Nasdaq: CDZI) reports that consistent with the last several years the audit report section of the Company’s Form 10-K Annual Report, which was filed on March 16, 2006, included an explanatory paragraph from its independent registered public accounting firm, PricewaterhouseCoopers LLP, relating to the Company’s ability to continue as a going concern.   Cadiz is currently pursuing the entitlement and development of its substantial land holdings and water resources, and a statement of this nature is expected while these projects are in development.

          Founded in 1983, Cadiz Inc. is a publicly held water resource management firm.  The Company owns significant landholdings with substantial water resources throughout Southern California.  Further information on the Company can be obtained by visiting its 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 its 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.

 ###

Return to Press Releases