Candente Resource Corp.
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Candente Resource Corp.

August 29, 2007 05:00 ET

Candente Intersects 702 Metres of 0.59% Cu at Canariaco Norte, Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2007) - Candente Resource Corp. (TSX:DNT)(BVL:DNT)(WKN:GW4) ("Candente") is pleased to report that analyses have been received for four additional holes, 07-141, 142, 143 and 144, all of which were drilled in the northern half of the deposit. Drill hole 07-141 intersected 702 metres (m) averaging 0.59% Cu (from 65 to 767 m) and within that 292 m averaged 0.70% Cu (from 301 to 593 m). In addition, hole 07-144 intersected 255 m averaging 0.80% Cu (from 71 to 325 m) and hole 07-142 intersected 267 m averaging 0.70% Cu (from 20 to 287 m).

Drilling has now demonstrated a vertical extent of at least 968 m (3,175 feet) to the Canariaco Norte copper deposit. The bottom of hole 07-141 is at an elevation of 2,110 m above sea level (ASL) and the top of the deposit is at an elevation of 3,078 m ASL.

To date, four deeper holes (07-129, 07-135, 07-141 and 07-146) have intersected copper mineralization to depths of between 639 m and 767 m over an area that is 302 m from east to west and 747 m north to south. All four holes ended in copper mineralization leaving the deposit open at depth. (Results for holes 07-129 and 135 were reported on in News Release 219 on July 25th). Analyses are still pending for drill hole 07-146. These deeper intersections reach on average 250 m and 350 m below the depths of surrounding holes in the northern and southern portions of the deposit, respectively. The average depth of all 82 holes used for the 820 Mt estimated resource (see next paragraph) is 318 m.

Drilling continues to expand the size of the deposit laterally and vertically and for all feasibility requirements. Environmental (EIA) and Feasibility studies have been underway since January and May, respectively. Preliminary results from some of the recent leach testing by SGS Lakefield in Chile are expected to be received soon. In March 2007 a resource of 820 Million tonnes (Mt) grading 0.45% Cu average (cut-off of 0.3% Cu) and containing 8.1 billion pounds of copper was estimated based on the 82 holes (26,018.72 m) drilled as of Dec 2006 (see News Release 202, March 4th, 2007).

Results for Holes C07-141 to 144 are as follows:



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Hole ID From (m) To (m) Width (m) % Total Cu
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07-141 0.00 65.12 65.12 Leached Cap
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includes 19.00 33.00 14.00 0.53
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Entire Hole 65.12 766.60 701.48 0.59
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includes 301.00 749.00 448.00 0.64
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includes 301.00 593.00 292.00 0.70
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07-142 0.00 19.60 19.60 Leached Cap
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Entire Hole 19.60 286.50 266.90 0.70
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includes 27.10 143.00 115.90 0.81
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07-143 0.00 28.30 28.30 Leached Cap
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Entire Hole 28.30 205.75 177.45 0.40
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includes 28.30 47.00 18.70 0.55
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includes 109.80 171.00 95.95 0.46
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07-144 0.00 70.60 70.60 Leached Cap
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Entire Hole 70.60 325.10 254.50 0.80
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includes 70.60 172.60 102.00 0.87
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Complete results, maps, cross-sections and all reports can be viewed at: http://www.candente.com/s/PeruProjects_Canariaco.asp

Sampling and analytical procedures conform to NI 43-101 standards and are detailed in the April 26th, 2007 Minefill report which can be found on the Candente Web site shown above. All samples were submitted to Actlabs in Lima, Peru. Robert van Egmond, P.Geo., Manager Exploration Peru is the Qualified Person as defined by NI 43-101 for the project discussed above and he has read and approved the contents of this release.

Candente is a diversified exploration company with copper, gold, silver, and zinc projects in Peru and Mexico. Candente subscribes to principles, which ensure that its exploration and development activities are beneficial to the local communities.

NR 224

This News Release may contain forward-looking statements including 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 statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente relies upon litigation protection for forward-looking statements.

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