Canaco Resources Inc.

Canaco Resources Inc.

January 02, 2013 17:00 ET

Canaco Announces Departure of Dave Sinitsin, VP Project Development

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 2, 2013) - Canaco Resources Inc. (TSX VENTURE:CAN) ("Canaco" or the "Company") announces as of December 31, 2012, Dave Sinitsin, Vice President Project Development, is no longer with the Company.

Canaco President and CEO Andrew Lee Smith said: "We thank Dave for his many contributions during his time here and wish him well in his future endeavours."

About Canaco

Canaco is a Vancouver-based mineral exploration company focused on advanced exploration projects in Africa. The Company has $90 million cash and no debt. Canaco's shares trade on the TSX Venture Exchange under the symbol CAN.

On behalf of the Board of Directors:

Andrew Lee Smith, P.Geo., President, CEO and Director

Neither 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.

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