Can-Cal Resources Ltd.
OTC Bulletin Board : CCRE

Can-Cal Resources Ltd.

August 08, 2006 08:01 ET

Can-Cal Resources Ltd.-Expand Property Holdings Further at Wikieup Gold Claims, Arizona

LAS VEGAS, NEVADA--(CCNMatthews - Aug. 8, 2006) - Can-Cal Resources Ltd ("the Company") (OTCBB:CCRE) reports it has recently acquired an undivided 100% interest in 1,800 acres adjacent to its recently expanded holdings of 1,900 acres at the Company's Wikieup property from an unaffiliated third party. Consideration is for one million restricted shares.

These Wikieup properties together now total 3,700 acres or approximately 6 square miles and are comprised of 185 lode claims. The 185 lode claims are accessed by gravel road just off highway 93 approximately eight miles from the town of Wikieup, Arizona. Can-Cal has acquired this important additional acreage in an effort to follow what may be a trend or vein structure.

Mr. Sloan stated, "We recognize the importance of securing the property immediately surrounding this very interesting geological area. This valuable addition nearly doubles our current holdings and will allow for continued investigation into the intriguing mineralization that has been observed in our recent surface sampling on the property."

The Company recently received surface sample assay results from ALS Chemex (up to Au 1.27 O.P.T, Ag - 32.52 O.P.T and Zn 25.1 %).
Continued surface sampling and property exploration under the guidance of an independent geologist is planned in order to delineate drill targets.

The geological setting at Wikieup is one of Precambrian granoids and gneiss. Outcrop is extensive on the property and rock units include diorite, gabbro and granitic dikes. Historical adits, tunnels and open pit locations following the vein structure over a large region have also been found on the property.

About Can-Cal

Can-Cal is an emerging precious metals exploration company actively engaged in identifying commercial mining opportunities.

"Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important factors that should be considered is contained in the company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law."

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