Cancana Resources Corp.

Cancana Resources Corp.

June 18, 2013 09:49 ET

Cancana Announces Receipt of Operating License

TORONTO, ONTARIO--(Marketwired - June 18, 2013) - Cancana Resources Corp. (TSX VENTURE:CNY) (the "Company" or "Cancana") is pleased to announce that the Secretaria de Estado do Desenvolvimento Ambiental, (State Secretariat for Environmental Development), ("SEDAM"), has issued the Operating License ("LO") on the Company's 886241/2011 manganese claim.

The issuance of the LO or Operating License provides for approval for mining operations and ore washing plant that will be developed by Cancana and its consultants. This is specifically for the Valdirao area within the 886241/2011 manganese claim.

As reported on June 6, 2013, Cancana has already been issued Preliminary Environmental License, ("LP"), and the Installation License, ("LI"), and now the LO or Operating License. All of these have all now been presented to Departamento Nacional de Produção Mineral, (Department of Mines for Mineral Production), ("DNPM"), for approval and issuance of the Guia de Utilizacao, (Trial Mining Permit), or ("Guia"). Once the Guia has been issued the final step in this approval process is the Water License.

Cancana is now able to commence the development of infrastructure and preparatory work needed in order to establish operations. At this time Cancana is working with its consultants in order to complete the planning for the infrastructural requirements to commence operations.

Andrew Male, President & CEO of Cancana, commented; "The issuance of the Operating License is another step in this process of becoming fully permitted. At present we continue to work with our Consultants to complete the plans for the development and installation of a mining and production facility and look forward to receipt of the Guia and Water Permit shortly."

Cancana Resources Corp. is an exploration stage company that is transitioning into production with assets in Brazil and Canada. The Company has been seeking projects that expand its resource base and provide for near term production and revenue. All available resource reports and information on the Company's properties are located on the Company website.

Issued on behalf of the Board of Directors of Cancana Resources Corp.

Mr. Andrew Male, CEO & Director

The information in this news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this release, words such as "estimate", "expect", "anticipate" and "believe" as well as similar expressions are intended to identify forward-looking statements. Such statements are used to describe management's future plans, objects, and goals for the Company and therefore involve inherent risks and uncertainties. The reader is cautioned that actual results, performance or achievements may be materially different from those implied or expressed in such statements, which speak only as of the date, the statements were made. The Company does not update forward-looking statements continually as conditions change. We seek safe harbour.

Neither the TSX Venture Exchange nor its Regulation Service 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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