Candente Copper Corp.
TSX : DNT
PINKSHEETS : CCOXF
LMA : DNT

Candente Copper Corp.

September 25, 2014 04:00 ET

Candente Copper Appoints Endeavour as Financial Advisor

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 25, 2014) - Candente Copper Corp. (TSX:DNT)(LMA:DNT)(PINKSHEETS:CCOXF) ("Candente Copper" and/or the "Company" ) is pleased to announce that it has retained Endeavour Financial Limited ("Endeavour") as financial advisor for the Cañariaco Copper Project ("Cañariaco" or the "Project") located in northern Peru.

Candente CEO Joanne Freeze comments: "Endeavour's considerable experience and skill set adds significant strength to our project team as we execute on our strategic and financing plans for Cañariaco. There is a scarcity of large economically viable copper deposits at the pre-development stage and Endeavour specializes in assisting junior companies advance such projects through to construction and production."

Endeavour is a leading financial advisor in the natural resources sector and has closed in excess of US$4 billion in development financings for single-asset emerging producers in the last ten years. Endeavour focuses on providing expert and unbiased financial advisory services and has a history of achieving success for clients based on resource industry focus, innovative transaction skills and the diverse professional backgrounds of an award-winning team. Endeavour is a private independent merchant banking company and has been offering advice in project, corporate and debt capital markets; equity-linked financings; mergers and acquisitions; and strategic business development for more than two decades.

Feasibility study work for Cañariaco is well advanced with approximately 50% of work completed including: all resource drilling and estimation work; site layout, process plant, infrastructure and ancillary facilities design; metallurgical drilling; 50% of geotechnical drilling; approximately 80% of the field work for the ESIA study.

Further exploration at Canariaco Sur and Quebrada Verde is also planned for the near future and the Company has recently received approval for a Modified Environmental Impact Semi-detailed Study ("MEISD") required for the additional exploration drilling.

The Company has agreed to issue incentive warrants, which would allow Endeavour to purchase up to 2 million shares of Candente at an exercise price of $0.30. The warrants will be issued upon completion of certain milestones, would have a three-year term with an accelerated expiry provision and are subject to TSX approval.

About Candente Copper

Candente Copper is a mineral exploration company engaged in the acquisition, exploration and development of mineral properties. The company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.

At Cañariaco Norte 7.5 billion pounds of copper have been delineated in a Measured and Indicated* resource of 752.4 million tonnes grading 0.49% copper equivalent**. An Inferred Resource of 157.7 million tonnes at 0.44% copper equivalent has also been delineated in the Cañariaco Norte deposit.

A highly successful Phase I drilling program was carried out in 2013 on the Cañariaco Sur deposit. Future drilling is planned for additional step-out drilling at Cañariaco Sur as well as first phase drilling on the Quebrada Verde target. Most of the drilling permits are in place for drilling proposed for Cañariaco Sur and Quebrada Verde target.

In addition, Candente Copper holds several other base metal exploration projects in Peru. One of these, the Arikepay copper-gold porphyry, is being explored under a joint venture agreement with Zahena S.A.C. who is funding up to USD$5 million (M) in exploration expenditures and USD$4M in payments within 4 years.

Sean Waller, P.Eng., President and Joanne C. Freeze, P.Geo., CEO, are the Qualified Persons as defined by National Instrument 43-101 for the projects discussed above. They have reviewed and approved the contents of this release. *The 'Measured and Indicated Resource' listed above consists of Measured Resources of 338.1Mt at 0.48% Cu, 0.08 g/t Au, and 2.0/t Ag (0.52% Cu Eq.), plus Indicated Resources of 414.3Mt at 0.43% Cu, 0.06 g/t Au, and 1.8 g/t Ag (o.46% Cu Eq.). All resources quoted in this release are based on a 0.30% copper cut-off grade and 229 drill holes completed to the end of 2008. **Copper equivalent grade including gold and silver, metal recoveries (copper 90%, gold 55%; silver 50%) and smelter returns (copper 96.5%: gold 93%; silver 90%) applied. Copper grade equivalent calculation: Cu Eq% =(Cu % + ((Au grade x Au price x Au recovery x Au smelter return%)+(Ag grade x Ag price x Ag recovery x Ag smelter return%))/(22.0462 x Cu price x 31.0135 g/t x Cu recovery x Cu smelter return%). The metal prices used are: copper US$2.50/lb, gold US$1,035/oz and silver US$17.25/oz. Please refer to the pre-feasibility study progress report for the Cañariaco Norte Copper Project titled "Cañariaco Project, Lambayeque Department, Peru, NI 43- 101 Technical Report on Pre-feasibility Study Progress Report" for further information.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of applicable securities laws that are intended to be covered by the safe harbours created by those laws, including statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential", or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information include, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The material factors or assumptions that the Company identified and were applied by it in drawing conclusions or making forecasts or projections set out in the forward looking information include, but are not limited to, the execution of its business strategy; the availability of financing for its exploration and development activities; the ability to complete project targets on time and on budget and other events that may affect its ability to develop Cañariaco; and no additional adverse changes in general economic conditions or conditions in the financial markets.
The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information may include, but are not limited to, risks generally associated with the mining industry, such as economic factors (including future commodity prices, currency fluctuations and general cost escalation), uncertainties related to the development and operation of Cañariaco, risks related to political or social unrest or change and those in respect of community relations and title claims, operational risks and hazards, including unanticipated environmental, industrial and geological events and developments and the inability to insure against all risks, compliance with government and environmental regulations, including permitting requirements, dependence on key personnel and employee relations, volatile financial markets that may affect the company's ability to obtain financing on acceptable terms, uncertainties related to the geology, continuity, grade and estimates of mineral resources and the potential for variations in grade and recovery rates, uncertain costs of reclamation activities, as well as the risks discussed under the heading "Risk Factors" in the Company's most recent annual information form. Should one or more risks, uncertainties, contingencies or other factors materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Accordingly, the reader should not place undue reliance on forward-looking information. The Company does not assume any obligation to update or revise any forward-looking information after the date of this news release or to explain any material difference between subsequent actual events and any forward-looking information, except as required by applicable law.

On behalf of the Board of Candente Copper Corp.

Joanne C. Freeze, P.Geo., CEO, Director

NR-064

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