Candente Resource Corp.
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Candente Resource Corp.

October 25, 2007 05:00 ET

Candente Resource Corp.: Third Drill Mobilized to Test Southern Extension to Canariaco Norte Copper Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2007) - Candente Resource Corp. (TSX:DNT)(BVL:DNT)(WKN:GW4) ("Candente") is pleased to report that a new zone of typical leach cap alteration, quartz vein stockwork and traces of copper mineralization has recently been exposed by trenching 350 meters (m) southeast of the known deposit margin. A third drill rig is now being mobilized to test this zone.

In addition, a fifth deep hole, 07-159, has intersected copper mineralization to a depth of 718 m near to the southern edge (75 m) of the previously defined deposit margin. The strength of the copper mineralization to a depth of 718 m and the new surface showing indicate excellent potential for expansion of the deposit to the south as well as at depth. Drilling to date has shown copper mineralization over a length (north-south) of 1.25 kilometres (km) (1250 m).

This brings the total number of deeper holes to five (07-129, 07-135, 07-141, 07-146 and 07-159) and all have bottomed in copper mineralization at depths of 639 m to 767 m. The five deeper holes extend over a length of 875 m north-south within the 1.25 (km) deposit length and have demonstrated a vertical extent of at least 968 m (3,175 feet). The bottom of hole 07-141 is at an elevation of 2,110 m above sea level (ASL) and the top of the deposit is at an elevation of 3,078 m ASL.

Analyses have been received for ten additional holes 07-145 to 07-159 including two of the deeper holes, 07-146 and 07-159. Drill hole 07-146, the most northern deeper hole to date, intersected 727 m averaging 0.53% Cu (from 34 to 761 m) of which 261 m averaged 0.76% Cu (from 34 to 295 m). Hole 07-159, intersected 675 m averaging 0.41% Cu (from 43 to 718 m). As previously reported, 07-141 intersected 702 m averaging 0.59% Cu of which 292 m averaged 0.70% Cu. The remainder of the holes reported in this news release are infill holes within the planned grid to bring the starter pit and ultimate pit into the measured and indicated categories respectively. A total of 181 holes and 50,650 m have been drilled by Candente to date.



Highlights of Results for Holes C07-145 to 159 are as follows:

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Hole ID From (m) To (m) Length (m) % Total Copper
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C07-145 0.00 77.00 77.00 Leached Cap (volc)
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entire hole 77.00 225.00 148.00 0.51
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includes 77.00 86.90 9.90 0.76
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127.80 225.00 97.20 0.56
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C07-146 0.00 34.00 34.00 Leached Cap
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entire hole 34.00 760.50 726.50 0.53
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includes 34.00 295.00 261.00 0.76
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includes 219.00 295.00 76.00 0.80
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C07-148 0.00 37.90 37.90 Leached Cap
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entire hole 37.90 246.90 209.00 0.48
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includes 37.90 70.00 32.10 0.61
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70.00 106.40 36.40 0.23 (Dyke)
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106.40 136.00 29.60 0.62
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C07-150 0.00 72.00 72.00 Leached Cap
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entire hole 72.00 300.20 186.50(i) 0.65
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includes 72.00 123.00 51.00 0.75
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123.00 157.00 34.00 Dyke
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157.00 167.50 10.50 0.62
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167.50 175.20 7.70 Dyke
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175.20 300.20 125.00 0.62
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C07-152 0.00 46.00 46.00 Leached Cap
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entire hole 46.00 303.25 257.25 0.52
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includes 46.00 74.70 28.70 0.75
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C07-154 0.00 41.90 41.90 Leached Cap
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entire hole 41.90 260.60 218.70 0.55
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includes 41.90 228.00 186.10 0.64
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41.90 141.00 99.10 0.75
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228.00 260.60 32.60 Unmineralized Breccia
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C07-155 0.00 35.00 35.00 Leached Cap
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entire hole 35.00 300.25 265.25 0.48
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includes 35.00 48.00 13.00 0.75
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includes 48.00 168.00 120.00 0.53
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C07-156 0.00 77.40 77.40 Leached Cap
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entire hole 77.40 323.10 245.70 0.48
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includes 77.40 127.50 50.10 0.74
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includes 93.00 127.50 34.50 0.90
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C07-159 0.00 43.40 43.40 Leached Cap
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entire hole 43.40 717.75 674.35 0.41
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includes 43.40 89.20 45.80 0.38
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89.20 120.00 30.80 dyke/weak mineral
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120.00 500.00 380.00 0.41
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500.00 717.75 217.75 0.44
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Complete results, maps, cross-sections and all reports can be viewed at: http://www.candente.com/s/PeruProjects_Canariaco.asp.

Environmental, Social (ESIA) and Feasibility studies have been underway since January and May, respectively. Preliminary results from some of the recent leach and flotation testing by SGS Lakefield in Chile are expected to be received soon. In March 2007 a resource of 820 Million tonnes (Mt) grading 0.45% Cu average (cut-off of 0.3% Cu) and containing 8.1 billion pounds of copper was estimated based on the 82 holes (26,018.72 m) drilled as of Dec 2006 (see News Release 202, March 4th, 2007).

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 Web site shown above. All samples were submitted to Actlabs in Lima, Peru. Robert van Egmond, P.Geo., Manager Exploration Peru is the Qualified Person as defined by NI 43-101 for the project discussed above and he has 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.

NR 226

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.

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