Cadiz Announces Appointment of New Board Member.

LOS ANGELES -- Cadiz Inc., (Nasdaq:CDZI), is pleased to announce today the appointment of Mr. Winston Hickox to its Board of Directors. Mr. Hickox brings to the Cadiz Board extensive experience in both the public and private sectors, specializing in the areas of environmental policy and public finance.

Mr. Hickox recently completed a two-year assignment as Sr. Portfolio Manager with the California Public Employees' Retirement System (CalPERS), where he assisted with the design and implementation of a series of environmentally oriented investment initiatives in the Private Equity, Real Estate, Global Public Equities, and Corporate Governance segments of the fund's $211 billion investment portfolio.

Prior to his assignment at CalPERS, Mr. Hickox served as Secretary of the California Environmental Protection Agency (CalEPA), a member of the Governor's cabinet responsible for a broad range of programs created to protect California's human and environmental health. During his tenure, Hickox contributed to the enactment of some of California's most important environmental legislation and the design and implementation of pioneering environmental policy.

Mr. Hickox's environmental policy experience also includes two years as an alternate member of the California Coastal Commission; seven years as Special Assistant of Environmental Affairs for California Governor Edmund G. Brown, Jr.; twelve years on the board of the California League of Conservation Voters (CLCV), including a four-year term as Board President; and two years on the boards of Audubon California and Sustainable Conservation.

Mr. Hickox is currently a partner at California Strategies, a public policy consulting firm, and is also serving as a member of the board of Thomas Properties Group, a publicly traded full service real estate investment firm. Additionally, Mr. Hickox is currently a member of the Sacramento County Employees' Retirement System board.

Earlier in his professional career, Mr. Hickox was a partner and Managing Director with LaSalle Advisors, Ltd., a major force in the world's real estate capital markets, and a Managing Director with Alex Brown Kleinwort Benson Realty Advisors Corp., where he served as head of the firm's Portfolio Management Group.

Mr. Hickox is a graduate of the California State University at Sacramento with a B.S. in Business Administration in 1965, and obtained a Masters of Business Administration in 1972 from Golden Gate University.

Mr. Hickox will be appointed to the Company's audit committee filling an existing vacancy. With the appointment of Mr. Hickox, the Cadiz Audit Committee is comprised of three independent directors and complies with all NASDAQ listing requirements.

Founded in 1983, Cadiz Inc. is a publicly held water resource and real estate development 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.