SMWD Approval of County's Enforcement Role In Cadiz Project

Press Release

LOS ANGELES--(BUSINESS WIRE)-- Cadiz Inc. announced today that the Board of Directors of Santa Margarita Water District (“SMWD”), the Lead Agency for the proposed Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”), voted on Friday, May 11, 2012 to approve an agreement with the County of San Bernardino and Cadiz regarding the County’s role in the Project’s groundwater management program. The Memorandum of Understanding (“MOU”) agreement, also approved by San Bernardino County’s Board of Supervisors on May 1, 2012, grants the County full enforcement authority over the Project’s proposed Groundwater Management, Monitoring, and Mitigation Plan (“GMMMP”).

The Company issued a press release on May 2, 2012 describing the MOU and the GMMMP in further detail.

"Cadiz is committed to providing a safe and reliable water supply solution for Southern California," said Scott Slater, Cadiz Inc. President and General Counsel. "We look forward to working with the County and SMWD to implement a sound management program that will conserve precious groundwater resources without harm to the environment."