Cadiz is in discussions with additional water providers that are interested in acquiring rights to the remaining annual supply conserved by the Project and is also exploring opportunities with additional parties related to the imported storage component of the Project.About the Project The Cadiz Valley Water Conservation, Recovery and Storage Project is designed to capture and conserve thousands of acre-feet of native groundwater currently being lost to evaporation through an aquifer system beneath Cadiz’s property in eastern San Bernardino County, California. By implementing established groundwater management practices, the Project will create a new, sustainable annual water supply for Project participants. In addition, the Project offers storage capacity that can be used by participants to carry-over – or “bank” – annual supplies, without the high rates of evaporative loss suffered by local surface reservoirs. Project facilities will be built on privately-owned land to safeguard nearby federal lands and pristine desert. The Project is currently in a CEQA environmental review and permitting phase led by Santa Margarita Water District (“SMWD”). A Notice of Preparation (“NOP”) of a Draft Environmental Impact Report (“DEIR”) formally commencing the public portion of the CEQA process was issued in February 2011 by SMWD, and a 30-day scoping period was initiated. Two public scoping meetings were held in March 2011. A Groundwater Stewardship Committee of leading national groundwater experts was formed in April 2011 to guide the development of an operating plan and monitoring program for the Project. Preparation of the DEIR is ongoing and the document is expected to be released in the coming months. About Jurupa Community Services District Founded in 1956, the Jurupa Community Services District is a public agency known as a Special District, responsible for providing water and sewer services and maintaining parks and frontage landscape in an unincorporated, 48-square-mile region of western Riverside County, California. For more information, visit JCSD’s web site at www.jcsd.us. About Cadiz Inc. Founded in 1983, Cadiz Inc. is a publicly-held renewable resources company that owns 70 square miles of property with significant water resources and clean energy potential in eastern San Bernardino County, California. The Company is engaged in a combination of water supply and storage, organic farming and solar energy projects. In 2009 Cadiz adopted a wide-ranging “Green Compact” to implement environmental conservation and sustainable management practices at its properties. For more information about Cadiz, visit 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.