Candorado Operating Company Ltd.

Candorado Operating Company Ltd.

January 25, 2008 11:34 ET

Candorado Receives Preliminary Data From New Airborne Geophysical Survey Over the "K-CR Property" North of Kamloops, British Columbia

KELOWNA, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2008) - Further to the November 20, 2007 news release, Candorado Operating Company Ltd. (the "Company") (TSX VENTURE:CDO) (FRANKFURT:HQU) (BERLIN:HQU) is pleased to announce that it has received preliminary digital data and images derived from the new company-funded high resolution helicopterborne multi-sensor geophysical survey over the southern half of the 100% owned K-CR property north of Kamloops Lake, British Columbia. The survey was flown in November 2007 by Fugro Airborne Surveys, and was designed to search for geophysical signatures similar to those that characterize Cu-Au porphyry deposits within the Afton camp, located only a few tens of kilometres to the southeast. Portions of the K-CR property cover geological and structural features similar to the Afton camp.

An initial review of the preliminary geophysical data indicates favourable geophysical patterns in several locations within the K-CR property. Following review and approval of the digital data and processing, a detailed interpretation of the survey will be conducted by R. Shives of GamX Inc. These results will be used to target specific areas for follow up during next summer's exploration program in the area.

About Candorado

Candorado Operating Company Ltd. is a British Columbia based junior mineral exploration Company with large mineral tenure holdings within the "Quesnel Trough", Central British Columbia. The Serb Creek molybdenum deposit, the Pitt Island VMS property and an exploration property to the east of Imperial Metal's (TSX.V: III) Red Chris copper/gold porphyry mine development are some of the other properties the Company plans to actively advance during 2008. Drill programs are planned on several properties during spring and summer of 2008.

Exploration on the K-CR property is being conducted under the supervision of W.R. Gilmour, P.Geo, of Discovery Consultants, a "qualified person" as defined by National Instrument 43-101

On behalf of the board of directors of CANDORADO OPERATING COMPANY LTD.

Rene Bernard, CEO

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) 979-2595
    (250) 860-2957 (FAX)