Cancana Resources Corp.

Cancana Resources Corp.

July 28, 2011 10:01 ET

Cancana Continues to Acquire Additional Manganese Claims and Updates Claim Status

VICTORIA, BRITISH COLUMBIA--(Marketwire - July 28, 2011) - Cancana Resources Corp. (TSX VENTURE:CNY) (the "Company" or "Cancana") is pleased to announce it has acquired an additional Manganese (Mn) claim of 5,417 hectares in the State of Rondonia, Brazil.

Cancana through its land banking strategy, has now acquired a total of 12,647.75 hectares of Manganese bearing mineral claims in the state of Rondonia, Brazil. These claims are held by Maio Mineracao, ("Maio"), which is the trading name of a wholly owned Brazilian subsidiary of Cancana.

The acquisition of this latest claim is being completed by way of an initial payment and further staged payments in the coming months. In the interim the Company has secured access in order to complete research and exploration work that will enable it to maintain the ongoing processing for the applications of trial mining permits.

Through the ongoing research and exploration work being conducted in the field by Cancana in the state of Rondonia, Brazil, the Company has continued to seek new Manganese bearing mineral claims as part of its land banking strategy. Initial indications for the presence of manganese are usually demonstrated by showings at surface. The surface showings are then reviewed by a field-based, exploration prospector in concert with the company's in country consultants and staff and a determination is made as to whether further research, exploration and pitting are worthwhile.

On December 30, 2010 the company reported it had acquired a 75% interest in five mineral claims in Rondonia, Brazil. At the time the claims were described as two diamond claims comprising of 12,732 hectares, two manganese claims comprising of 11,541 hectares and one gold claim comprising of 3,397 hectares. This provided a total of 27,670 hectares of mixed mineralization claims. As a result of ongoing exploration and research work being completed on these mineral claims by Cancana, as well as the updating of documentation at the National Department of Mineral Production, ("DNPM"), the company is reclassifying and clarifying the description of these claims. The table below demonstrates the changes.

Claim 1. 4,021.21 ha. Originally Manganese bearing No further field work has been completed to date.
Claim 2. 7,230.40 ha. Manganese bearing Fieldwork and research has confirmed the presence of visible showings at surface and pitting has confirmed the occurrence on Manganese cobbles in situ.
Claim 3. 3,397.46 ha. Originally gold bearing No further fieldwork completed to date.
Claim 4. 9,920.63 ha. Originally diamond & kimberlitic bearing No further fieldwork completed to date.
Claim 5. 3,395.77 ha. Originally diamond & kimberlitic bearing No further fieldwork completed to date.
TOTAL 27,965.47 ha. 27,965.45 ha. Mixed Mineral Claims

7230.40 ha. to date of verified Manganese bearing claims

This table updates the size in hectares and type of mineral prevalent in the claim package originally acquired in late 2010 and described in the news release dated December 30, 2010.

With the further acquisition of a new manganese bearing claim, Claim 6, comprising of 5,417 hectares, the total manganese bearing claims held by the company is 12,647.75 hectares.

As part of the fieldwork and research completed on Claim 1 and Claim 6, the Company has completed sufficient pitting, research and analysis to comply with the requirements for the submission of its report to the State Secretariat for Environmental Development, ("SEDAM"). The submission of this report to SEDAM is a prerequisite for the application being made by the company for a trial mining permit with DNPM.

The following map represents the mineral claims noted above in the table:

Cancana Resources Corp., formerly Sola Resource Corp., is an exploration stage company with assets in Brazil and Canada, has primarily focused on diamond, manganese and gold resource properties. Recently 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.

Cancana continues to provide shareholders with Investor Updates, please ensure that you have already registered on the company website, if not please visit and input your name and email address on the home page.

For further information about please visit the Company's website or contact the Company at or preferably email:

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

Dr. William (Bill) Pfaffenberger, CEO and 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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