Candorado Operating Company Ltd.

Candorado Operating Company Ltd.

August 06, 2008 09:00 ET

Candorado Operating Company Ltd. Closes Transaction with Christopher James Gold Corp.

KELOWNA, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2008) - Candorado Operating Company Ltd. (the "Company") (TSX VENTURE:CDO) (BERLIN:HQU) (FRANKFURT:HQU) is pleased to announce that, further to its release of July 16, 2008, it has closed the three transactions with Christopher James Gold Corp. ("CJGC") as set out in that release.

The three transactions include: the option granted to CJGC to acquire Candorado's interest in the Canoe Creek Hot Springs Geothermal Project; the agreement for CJGC to purchase the Copper Creek Au-Cu Project, and the option for CJGC to acquire a 60% interest in Candorado's Tillicum Lake Au-Cu Project.

About Candorado

Candorado is one of British Columbia's largest mineral rights land holder with its properties in Central British Columbia, the Serb Creek molybdenum deposit, the Eldorado property next to the BC Metal's Red Chris copper porphyry deposit and the Pitt Island VMS prospect all located in Northern British Columbia. Management is actively seeking joint venture partners for its mineral land holdings as an excellent way to further develop these properties to their potential while reserving its treasury for new acquisitions and property exploration.

Rene Bernard, Chairman

ON BEHALF OF THE BOARD OF DIRECTORS of Candorado Operating Company Ltd.

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.

Contact Information

  • Candorado Operating Company Ltd.
    Rene Bernard
    (250) 979-2590
    (250) 860-2957 (FAX)