Cancana Resources Corp.
TSX VENTURE : CNY

February 10, 2011 10:01 ET

Cancana Expands Dash Property

VICTORIA, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2011) - Cancana Resources Corp. (TSX VENTURE:CNY) (the "Company" or "Cancana") announces the staking of additional tenures at its Dash Property in Lillooet, British Columbia, Canada.  

Cancana has acquired through staking, an additional 1,300 hectares of mineral tenures to bring its total holdings at Dash to 4,777 hectares. Cancana will earn a 100% interest in the Dash Property under an Option Agreement with a privately held company. Cancana will issue a further 306,000 shares to the private company and complete at least $626,000 in work on the Dash Property by December 31, 2011.

The Dash Property is located 105 kilometres northwest of Lillooet, B.C. and has potential for gold, silver and zinc mineralization.

Cancana has also obtained a drill permit for the Dash Property and is proceeding with plans for at least 11 drill holes as recommended by an N.I. 43-101 Report dated October 12, 2009 and available on Cancana's web-site: www.cancanacorp.com

In 2009 Cancana was able to complete 413.45 meters of drilling prior to forest fires encroaching during a difficult fire season in this region of B.C. Historical drill results, as reported in the NI 43-101 include:

DDH82-1 1.52 meters  of  10.3 gm/t  Au Within the 65M zone
RYC001 5.6  meters  of  1.46 gm/t  Au  Within the Spine zone
RYC006 2.73 meters of  2.24 gm/t  Au   Within the 75M zone

In 2009 rock chip samples of note:

Dash09AR-24 2.8 meters of   1.1  gm/t Au,   1.9 gm/t Ag and .06% Zn From the 75M zone
Dash09AR-27    0.3 meters of 10.2  gm/t Au, 47.9 gm/t Ag and .07% Zn From the 75M zone

The two drill holes in 2009 were in the Spine zone:

09 DDH-1       4 meters of  .7 gm/t Au,  .4 gm/t Ag and .29% Zn From 123 to 127 meters depth
09 DDH-2     6 meters of 1.4 gm/t Au, .2 gm/t Ag and .03% Zn From  24  to   30 meters depth  

Andris Kikauka, P. Geo., a Qualified Person with respect to National Instrument 43-101 has reviewed and approved this News Release.

Cancana, 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 www.cancanacorp.com and input your name and email address on the home page.

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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