Candente Resource Corp.
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Candente Resource Corp.

January 15, 2008 02:05 ET

Candente Resource Corp.: Initial Flotation Results for the Canariaco Norte Copper Deposit in Northern Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2008) - Candente Resource Corp. (TSX:DNT)(BVL:DNT)(WKN:GW4) ("Candente") is pleased to report that preliminary metallurgical results for copper flotation indicate good recoveries and commercially viable concentrate grades.

Initial locked cycle flotation testing on the Canariaco Norte copper deposit yield copper recoveries of 81% to 89%. A feasibility level testing program for flotation will now proceed to investigate the significant opportunities for improvement of the metallurgical performance from the initial flotation testing. Results for gold and silver recoveries as by-product metals are pending.

Thomas R. Rinaldi, VP Operations, states, "These initial results are very encouraging and demonstrate that the various styles of copper mineralization at Canariaco are amenable to conventional flotation techniques."

Results from initial bottle roll leach test work are variable and less conclusive. Leach test work including column leach is ongoing to determine whether leaching is optimal on a stand alone basis or in conjunction with a conventional flotation circuit.

SRK Consulting (Canada) Inc. is now working on a new resource estimate for Canariaco Norte based on the 57,355 metres (m) drilled in 203 holes as of December 31st 2007. The additional drilling has extended the deposit both to the northeast and to the south and much deeper. Higher grades have also been encountered especially in the northern half of the deposit. SRK will also be re-optimizing a new potential Starter Pit with a view to generating a higher average grade. The Starter Pit previously optimized for a leach scenario was based on both grade and chalcocite content. Given that flotation recoveries are similar for chalcocite and chalcopyrite, a Starter Pit for a flotation scenario will be based on grade alone.

All test work was conducted by SGS Lakefield in Santiago, Chile. Composite samples were designed to be representative of the different types of mineralization within the deposit. Flotation tests were carried out on three selected master composites. (1) Chalcocite; (2) Chalcopyrite and (3) 50% Chalcocite and 50% Chalcopyrite. Leach testing was carried out on 55 composites from various core intervals.

About Canariaco Norte

On March 4, 2007, an updated independent mineral resource estimate was completed on the Canariaco Norte Zone based on 26,019 m of drilling in 82 holes. (see News Release 202, March 4th, 2007). The Measured and Indicated resource was estimated as 643 million tonnes (MT) averaging 0.45% Cu at a cut-off grade of 0.3% Cu and containing 6.35 billion (B) pounds (lbs) of copper. The Inferred resource was estimated as 177 MT averaging 0.45% Cu at a cut-off grade of 0.3% Cu and containing 1.75 B lbs of Cu. Within the larger resource, a Starter Pit of 104 MT (Measured and Indicated) grading 0.60% Cu was delineated.

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

Sampling and analytical procedures conform to NI 43-101 standards and are detailed in the April 26th, 2007 Minefill report which can be found on the Candente website shown above. All samples were submitted to Actlabs in Lima, Peru. James Currie, P.Eng., Director and Robert van Egmond, P.Geo., Manager Exploration Peru 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.

About Candente Resource Corp.

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.

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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.

CAUTIONARY NOTE TO U.S. INVESTORS

We advise U.S. investors that this news release uses terms which are not recognized by the United States Securities and Exchange Commission ("SEC"), including "mineral resources", "measured resources", "indicated resources" and "inferred resources". The estimation of measured and indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that mineral resources in these categories will be converted to reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically mineable, or will be upgraded into measured or indicated mineral resources. U.S. investors are cautioned not to assume that mineral resources in any of these categories will be converted into reserves.

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