Candente Resource Corp.

Candente Resource Corp.

November 22, 2006 17:45 ET

Candente Resource Corp.: Non-Brokered Financing Announcement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 22, 2006) - Candente Resource Corp. (TSX:DNT) ("Candente" and/or the "Company") is pleased to announce, subject to regulatory approval, that it has agreed to raise gross proceeds of Cdn$3,750,000 through a Non-Brokered Private Placement of 3,000,000 Units at $1.25 per unit. Each Unit will consist of one share and one half-share purchase warrant. One whole non-transferable share purchase warrant permits the holder to purchase one common share of the Company at a price of $1.65 per share for a period of twelve months following closing, which period will be shortened if the common shares of the Company trade above the strike price for 30 consecutive trading days.

The Common Shares issued in this Placement will be subject a four-month hold period. The Company may pay a finder's fee in cash and/or warrants of up to 5% of the total value of the gross proceeds raised. The net proceeds of the private placement will be used for funding exploration and development activities on the Company's mineral properties and for general corporate purposes.

Candente is a diversified copper and gold exploration company with gold, silver, copper and zinc projects in Peru and Mexico, including an advanced exploration stage leachable copper project, Canariaco with potential cash flow of approximately $1.9B at $2.00/lb Cu (See News Release 170 of June 26, 2006). Candente subscribes to principles which ensure that its exploration and development activities are beneficial to the local communities.


Joanne Freeze, P. Geo., President & CEO

Candente Resource Corp.

Release No. 187

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.

Contact Information