Cadan Resources Corporation
TSX VENTURE : CXD

Cadan Resources Corporation

April 06, 2011 08:30 ET

Cadan Announces New CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 5, 2011) - Cadan Resources Corporation (TSX VENTURE:CXD) announces the resignation of Mr. Brett Taylor as the President and CEO and further announces the appointment of Mr. Robert Butchart as the Company's new President and CEO.

Mr. Robert Butchart joined the Board of Directors of Cadan Resources Corporation ("Cadan") on December 18, 2009. Mr. Butchart is an experienced hands-on mining executive as well as having experience in owning and operating drilling service companies in Australia and Asia. Mr. Butchart commented, "I am very pleased to lead the Cadan team and look forward to the tremendous opportunity to grow this company into a significant operating asset for the shareholders of the Company." Mr. Butchart has been Chief Operating Officer of Cadan Resources Corporation since January 2010 and will be overseeing the development of the Company's T-Boli Gold-Silver mine as well aggressively exploring Cadan's 9,000 hectare Comval Gold-Copper property. Mr. Butchart has been directly involved in the mining industry for more than 25 years with direct involvement in heap leaching operations and narrow vein underground gold mines.

"We are very happy to have Robert Butchart take on the role as CEO of the Company and we are excited to aggressively step up the exploration efforts on the Company's two projects," said John Anderson, the Company's Chairman. "I am honored to be given the opportunity to lead Cadan Resources Corp.," said Mr. Butchart. "The challenge ahead is to build on the strong foundation that has been established, and I'm looking forward to leading the continued evolution of Cadan."

CADAN RESOURCES CORPORATION

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