Candente Resource Corp.

Candente Resource Corp.

August 22, 2007 19:35 ET

Candente Resource Corp. Has No Direct Exposure to Asset-Backed Commercial Paper

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 22, 2007) - Candente Resource Corp. (TSX:DNT)(BVL:DNT)(WKN:GW4) clarifies that the Company has no direct exposure to Canadian or other asset-backed commercial paper (or sub prime mortgages). The Company completed a Cdn$17 Million financing on June 7th, 2007 and all Corporate funds held are in HSBC Banker's acceptances, not commercial paper.

The Company's personnel and its projects are safe and all operations continue as usual after the recent earthquake and aftershocks in Southern Peru. The epicentre was 150km South-South East of Lima, approximately 840 kilometres from the Canariaco project. The Company and their personnel are assisting in relief efforts by way of donations and directly in the field. In addition the Company is assessing other ways in which it can help in the rescue and reconstruction effort.

Candente is a diversified copper and gold exploration company focused on increasing value through discovery for both shareholders and local stakeholders. Candente has an advanced exploration stage copper project, Canariaco, where feasibility studies and further drilling is underway. The Company also has several other gold, copper and silver projects in Peru and Mexico. Candente subscribes to principles which ensure that its exploration and development activities are beneficial to the local communities.

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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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