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Nearly 200 attend fundraiser in Cadiz, raising $4,160 for observatory project

By Kelly O'Sullivan,  The Desert Trail Published: Wednesday, May 4, 2011 Cadiz, CA -- Dylan Wood couldn’t wait to see the surface of the sun. The West Hills 4-year-old fidgeted quietly while his brother, Auden, 8, looked through a telescope set up by amateur astronomers Saturday, April 30 at Cadiz Ranch east of Amboy. When the older boy was finished, his eager brother scrambled up a small step ladder and fixed his eye to the lens. “I saw a big red dot,” he exclaimed, smiling from ear to ear, adding proudly, “I’m almost 5.”

December 16, 2010 Dear Shareholder, As we approach the end of the year, we wanted to provide an update on the Company’s progress and describe what to expect in the year ahead. We are pleased to report that the Company enjoyed an excellent year in 2010, reaching many major milestones in the project development timeline for our Water Conservation, Recovery & Storage Project. As the Project enters the final phase of development, with the public environmental review process set to begin early next year, we can now see the finish line for project approval in 2011, with the construction phase to follow.

Cadiz Also Updates Progress in Project’s Environmental Review Phase LOS ANGELES (October 4, 2010) – Today Cadiz Inc. [NASDAQ: CDZI] is pleased to announce the addition of water-utility Suburban Water Systems (“Suburban”) to its Water Conservation & Storage Project (“Project”). Suburban is a wholly-owned subsidiary of SouthWest Water Company (“SouthWest Water”), a provider of water, wastewater and municipal utilities services to a population of over one million people from across the southern tier of the U.S.A.  By entering today into an Option Agreement with Cadiz for conserved water and related storage capacity in the Project, Suburban joins Santa Margarita Water District (“Santa Margarita”), Three Valleys Municipal Water District (“Three Valleys”), and Golden State Water Company (“Golden State) as a Project participant. With the addition of Suburban, 60% of the water to be conserved annually by the Project is now under option. The Company is in continuing discussions with additional potential participants.

Financing to Provide Funds for Cadiz Water Conservation Project Permitting Phase LOS ANGELES (September 30, 2010) – Cadiz Inc. [NASDAQ: CDZI] is pleased to announce that it has reached agreement with LC Capital Master Fund, Ltd., the Company’s existing lender, (“Lender”) for an additional $10 million working capital facility.  This facility, together with existing cash resources, has been designed to see the Company through completion of its Water Conservation & Storage Project’s (“Project”) environmental review and permitting process.

Press Release from the American States Water Company June 28, 2010 SAN DIMAS, Calif.--(BUSINESS WIRE <http://www.businesswire.com/> )--American States Water Company (NYSE:AWR) announced today that it had signed, through its subsidiary, Golden State Water Company (“GSWC”), an agreement to proceed with the Cadiz Water Conservation & Storage Project (“Cadiz Project”) and participate in the Cadiz Project’s environmental review. The agreement grants GSWC the right to acquire a firm annual supply of water once the environmental review is complete. GSWC will also commit funds to the environmental review and has committed to the goal of a general “environmental benefit” for the operation of the project.

Water Utility Serving 800,000 People Approves Agreements to Proceed with the Project and Participate in the Environmental Review June 28, 2010 LOS ANGELES – Today Cadiz Inc. [NASDAQ: CDZI] announced that the Golden State Water Company (“Golden State”), a subsidiary of American States Water [NYSE: AWR] and California’s second largest investor-owned water utility, has executed an Option Agreement to acquire conserved water and related storage capacity in the Cadiz Water Conservation & Storage Project (“Cadiz Project”), joining Santa Margarita Water District (“Santa Margarita”) and Three Valleys Municipal Water District (“Three Valleys”), which approved similar agreements last week.  The agreements, which were executed on June 25, 2010 and filed today by the Company with the Securities and Exchange Commission (“SEC”), grant Golden State the right to acquire a firm annual supply of water and commit funds to the environmental review of the Project.