Can-Cal Resources Ltd.
OTC Bulletin Board : CCRE

Can-Cal Resources Ltd.

August 28, 2006 11:40 ET

Can-Cal Resources Ltd.-Reports Further High Grade Surface Sample Analysis at Wikieup Property

LAS VEGAS, NEVADA--(CCNMatthews - Aug. 28, 2006) - Can-Cal Resources Ltd ("the Company") (OTCBB:CCRE) reports the receipt of further high grade surface sample results and analysis on its Wikieup property in Arizona.

During 2005 and 2006 the Company conducted surface sampling and analysis at its Wikieup property to determine a preliminary evaluation of the property. In April 2006, surface sampling was continued and samples were shipped to ALS Chemex, an internationally recognized assayer, for fire assays and I.C.P. tests.

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%, Cu - 2.66%, Pb - 16.23 lbs/ton). Subsequent to these tests having been carried out, a preliminary analysis on the potential for commercial mineralization has been completed based on the data (ALS Chemex - Assay report# RE06043935).

Don Plantz, Ph.D. - Geology, describes the lithology and mineralogy of surface samples collected on July 4, 2006 from four sites on mining claims held by Can-Cal Resources, Ltd. Can-Cal's Wikieup properties are comprised of; the Brown Derby, Cullingham, Cedar Ruins and RWB-Ag claim areas are analyzed in his report and characterized as highly mineralized. The geological setting at these areas is mainly that of; Diorite, Quartz fissures and Kaolinized Breccia, Pyrite, Pyrrhotite, Quartz, Botryogen, Chalcopyrite, Sphalerite and Biotite Mica.

Dr. Plantz stated that, "In addition to my analyses, the specimens were shown to the chief geologist at one of the largest producing gold mines in the U.S. He made the following comments:

1. Most of the samples show signs of brecciation and mineralization.

2. Cullingham shows signs of pyrite and pyrrhotite, indications of copper sulfide.

3. Cedar Ruins shows signs of malachite and azurite oxidized copper.

The unnamed geologist described the samples as interesting and suggested further analysis. He also said that if they were his claims, he would do some exploratory drill holes. I agree with all of his comments."

Professor Plantz notes that several mines were once located in this area including the Wikieup Prospect (near Brown Derby), the Antler Mine (near Cullingham) and the Leviathan, Cedar, Copper Canyon, Golden Comstock Mine and Silver King Claims (all near Cedar Ruins).

A second report recently commissioned was completed by Techatticup Research of Vernon, BC by James Hason on the metal values found in the Chemex report 18 samples analyzed for mineralization at four distinct zones (Cullingham, Adit, Cedar Ruins and Old Miner) revealed high grade values. Listed are below are selected samples:

1) Four samples for Gold at two distinct zones: Au 1.27 O.P.T. (39.47g/t), 0.95 O.P.T (29.54g/t), Au 0.83 O.P.T (25.81g/t) - Cullingham zone and Au 0.490 OPT (15.23g/t) - Adit zone.

2) Three samples for Silver at two distinct zones: Ag 32.52 O.P.T. - Adit zone, Ag 28.32 O.P.T., Ag 26.57 O.P.T. - Cullingham zone and with all samples taken showing +Ag 1.5 O.P.T.

3) Five samples for Zinc at four distinct zones: Zn 25.1%, Zn 24.3% - Cullingham zone, Zn 24.4% - Cedar Ruins zone, Zn 22.6% - Old Miner zone and Zn 10.10% - Adit zone.

In addition to these samples, substantial showings of; Antimony, Lead, Manganese, Mercury, Phosphorus and Sulphur were encountered. All of these elements have commercial value. However, equally important to the primary and subsidiary economic value of the base metals at smelter is the geological relevance for these discoveries as indicator minerals.

Mr. James Hason comments in his report, "Lead values are important as they 'collect' precious metals - Gold, Silver, and Platinum group metals. Lead does this in nature as the ore body is being formed, some leads will contain thousands of grams of Silver in a lead Galena ore and this can only enhance the value of your project."

Mr. Hason ventures to extrapolate some values for Cu and Zn based on a starting point of 1,000,000 metric tonnes of workable ground/reserves.

"I have used a starting point/percentage of 1% ore grade per ton. This is being a very conservative figure as some of the assays infer values up to 25% from some of the grab samples.

Using the 1,000,000 tonne reserve starting point the copper value of reserves is 78.54 million dollars.

Using the 1,000,000 tonne reserve starting point the zinc value of reserves is 35.42 million dollars."

Mr. Hason adds, "There will be many more millions of tonnes when a drill program is properly completed on the claims."

Continued surface sampling and property exploration under the guidance of an independent geologist is planned in order to delineate drill targets.

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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