Candente Resource Corp.
TSX : DNT

Candente Resource Corp.

January 11, 2007 05:00 ET

Candente Resource Corp.: Deeper Drilling Shows Substantial Vertical Expansion to Deposit at Canariaco Norte, Peru

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 11, 2007) - Candente Resource Corp. (TSX:DNT) is pleased to report that an additional 13 holes have intersected strong copper (Cu) mineralization to the bottom of each of the holes at Canariaco Norte in Northern Peru. Three of these holes show the copper mineralization extending to depths of greater than 500 meters (m) and one of them to 594 m. These intersections have nearly doubled the known vertical extent to the copper mineralization and the deposit is showing no signs of weakening at depth.

Results have been received for holes 06-059 to 06-070 and 06-072. Highlights include hole 06-072 which intersected 453 m of 0.55% Cu, including 117 m of 0.65% Cu and an additional 31 m of 0.98% Cu and hole 06-069 which intersected 543 m of 0.48% Cu, including 263 m of 0.60% Cu.

All drilling to date indicates that the ultimate size of the deposit will be much larger than the inferred resource of 489 million tonnes grading 0.45% Cu (4.8 Billion pounds of Cu) estimated in April 3rd, 2006 (New Release 160). This estimate was based on an initial 36 holes, and an average vertical depth of 320 metres. Since that time an additional 46 holes have been drilled by Candente for a total of 26,019 metres in 82 holes. Assays are pending for the latest 11 holes.

Engineering studies to identify the best Starter Pit are nearing completion. Infill drilling is in progress to upgrade the resource, especially in the Starter area, to the measured category.

A third more powerful drill has been ordered as the two drills on site have not been capable of testing depths beyond 594 m.



Summary of Highlights from Drill Hole Assay Data

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Interval Copper
From To ----------------- Grade
Hole No. (m) (m) Meters Feet (%)
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06-059 36 305(i) 269 882 0.51
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includes 256 268 12 39 1.19
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06-060 20 274(i) 254 833 0.48
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includes 46 95 49 161 0.87
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06-061 40 512(i) 472 1548 0.44
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includes 40 85 45 148 0.64
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06-062 22 346 324 1063 0.49
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06-063 22 226(i) 204 669 0.53
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includes 139 173 34 112 0.90
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06-065 5 250(i) 245 804 0.42
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06-066 37 541(i) 504 1653 0.27
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06-067 50 354(i) 304 997 0.41
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06-068 37 400(i) 363 1191 0.52
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includes 64 80 16 52 0.84
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includes 379 400 21 69 0.93
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06-069 51 594(i) 543 1781 0.48
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includes 70 333 263 863 0.60
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060-071 0 364(i) Results pending
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06-072 35 488(i) 453 453 0.55
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includes 99 216 117 384 0.65
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includes 216 247 31 102 0.98
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(i) End of Hole


Complete results, maps, cross-sections and all reports can be viewed at: http://www.candente.com/s/PeruProjects_Canariaco.asp

Robert van Egmond, P.Geo., Manager Exploration Peru and Joanne C. Freeze, P.Geo., President and CEO, are the Qualified Persons as defined by NI 43-101 for the project discussed above and they have read and approved the contents of this release.

Candente is a diversified exploration company with copper, gold, silver, and zinc projects in Peru and Mexico. Candente subscribes to principles, which ensure that its exploration and development activities are beneficial to the local communities.

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente relies upon litigation protection for forward-looking statements.

Release No. 191

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