Candente Resource Corp.

Candente Resource Corp.

November 14, 2006 19:41 ET

Candente Resource Corp.-Results for the Third Quarter Ending September 30, 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2006) - Candente Resource Corp. (TSX:DNT) ("Candente") announces its Third Quarter results for the period ended September 30, 2006. All amounts in this release are in U.S. dollars unless otherwise stated.

Candente Resource Corp has incurred a total of US$1,309,823 on its mineral properties, of which US$1,211,587 was spent on its Canariaco Property.

Outstanding Share Data:

As of October 31, 2006 there were 49,841,444 common shares outstanding.

The Company received additional funding of Cdn$231,800 from the exercise 360,000 common shares options at prices ranging from Cdn$0.23 to Cdn$0.80

The Company has a stock option plan. As at October 31, 2006 there were 6,611,000 stock options outstanding, of which 4,806,625 have vested.

The Company has a total of 2,955,698 warrants outstanding as at October 31, 2006 exercisable at Cdn$1.25. The warrants will expire on March 31, 2007.

The complete Financial Statements and Management Discussion and Analysis are available on the Company website

Candente is a diversified copper and gold exploration company focused on increasing shareholder value through discovery. Candente has an advanced exploration stage leachable copper project, Canariaco, and several other gold, copper and silver projects in Peru. Candente subscribes to principles which ensure that its exploration and development activities are beneficial to the local communities.

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

  • Candente Resource Corp.
    Joanne Freeze
    (604) 689-1957 or Toll Free: 1-877-689-1964
    Candente Resource Corp.
    Evelyn Cox
    (604) 689-1957 or Toll Free: 1-877-689-1964