Cadan Resources Corporation
TSX VENTURE : CNF

Cadan Resources Corporation

July 22, 2009 12:14 ET

Cadan Appoints Technical Consultant for Mining Operations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 22, 2009) - CADAN RESOURCES CORPORATION (TSX VENTURE:CNF) ("Cadan" or the "Company") is pleased to announce the appointment of Mr. Ron Huston as Technical Consultant, Mining Operations for its gold-silver and copper-gold operations in the Philippines.

Mr. Huston has more than 40 years management and operational experience in underground mining throughout Australia and in Southern Ukraine covering gold, copper-gold and nickel operations with emphasis on administration, management and cost control systems.

He owned and operated a mining contract business with an annual turnover of AUD$40m which was sold in 1995. Some of the significant contracts were: Youanmi - gold and base metals project with a contact value of AUD$25m and work involved decline access to fill stoping methods; Lady Eloise copper-gold project with contract value AUD$15m and work included new mine decline access to sub level stoping methods; Mt Isa Mines-Hilton Shaft project with contract value AUD$12m and work included declining from shaft bottom and installing ore production development.

He also has significant experience in underground, narrow vein high grade gold operations and similar style copper-gold systems, including ground support control, dilution minimization, shaft sinking, declining, diesel and rail ore production systems and Alimak raising methods.

Mr. Huston will focus on the Company's TBoli epithermal gold-silver deposit which has a NI 43-101 Inferred Mineral Resource (2.4Mt @ 5.5 g/t gold and 21 g/t silver) of some 420,000 ounces of gold and 1,600,000 ounces of silver (see News Release dated Thursday, December 18, 2008). It is scheduled for preliminary production in Q4 2009.

He will overview preliminary test mining operations on the Company's Batoto gold project as part of the ongoing validation of the historical resource of 38 million tonnes containing 1.8 g/t Au for some two million ounces of gold (see News Release dated Monday, June 23, 2008).

It should be noted that the foregoing historic resource was not prepared in accordance with CIM standards. Further, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, the Company is not treating the historical estimate as current mineral resources or mineral reserves as defined in sections 1.2 and 1.3 of NI 43-101, and the historical estimate should not be relied upon. Until drilling and other detailed exploration is conducted over the target, the foregoing historical resource is highly speculative and should only be considered as indicative of mineralization potential.

Mr. Huston is presently reviewing mining options for the Tagpura porphyry skarn copper-gold deposit which has a "conceptual or order of magnitude" potential tonnage range of some 10 million tonnes to 15 million tonnes, with a potential grade range from 0.50% copper and 0.20 g/t gold to 0.70% copper and 0.31 g/t gold (see News Release dated Tuesday, August 5, 2008).

The target outlined above remains strictly an exploration target in accordance with guidelines set out in NI 43-101, and the potential quantity and grade is strictly conceptual in nature. There has been insufficient exploration to date to define a mineral resource at this stage, and it is uncertain if future exploration will result in the discovery of a mineral resource.

Company President and CEO Brett Taylor said, "We are delighted with the appointment of Mr. Huston as he brings a wealth of mining contractor management experience and underground mining expertise to the Company to ensure that it has capacity to meets is planned production targets, and will be able to assist in the education and training of our local work force to upgrade their skill base."

On behalf of the board of directors,

Brett Taylor, President & CEO

Forward Looking Statements

"This news release may contain forward-looking statements. 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. The reader is referred to the Company's most recent annual and interim Management's Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through www.cadanresources.com or the Company's page on SEDAR at: http://www.sedar.com."

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information