Candente Resource Corp.
TSX : DNT

Candente Resource Corp.

October 25, 2006 05:00 ET

Candente Welcomes Thomas R. Rinaldi as Vice President of Operations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 25, 2006) - Candente Resource Corp. (TSX:DNT) ("Candente") is pleased to announce the appointment of Thomas Rinaldi as Vice President of Operations. Commencing November 6th, 2006 Tom will oversee the development of the Canariaco Norte Copper Project.

Mr. Rinaldi has had 23 years of both open pit and underground mining experience since acquiring his B.Sc. in Mining Engineering in 1983 at the University of Arizona in Tucson, Arizona. He has 11 years of experience in heap leaching of both gold and copper. While Tom's experience is predominantly in the U.S.A. it also includes South America.

Tom has managed mining projects through all stages including: internal resource and reserve evaluation programs, optimization of Starter Pits, environmental impact assessment studies, feasibility studies, leach and metallurgical testing, permitting, detailed engineering including design of pits, leach pads, ponds, tailings impoundments, dumps and access roads as well as mine construction and mine management. His positions have included: production foreman, senior mine engineer, chief mine engineer, technical superintendent and over 7 years as manager/general manager.

In May of 2006 an interim inferred resource of 489 million tonnes grading 0.45% copper at a cut-off grade of 0.20% copper (4.8 billion pounds of copper) was estimated using an average vertical influence depth of 320 metres. Following that a Preliminary Assessment and Economic Evaluation (PAEE) was completed by Merit Consultants International Inc. (see http://www.candente.com/s/PeruProjects_Canariaco.asp).

Since May 2006, an additional 22 drill holes have been drilled and assayed and drilling is ongoing with two drills working 24 hours a day and 7 days a week. One drill is focused on both infilling and deepening the higher grade core where two recent holes (06-057 & 06-058) show that copper mineralization is still very strong at 376 and 499 metres. The second drill is working on the edges of the known deposit and continues to show lateral extensions to the mineralization. Engineering studies are in progress to establish the strip ratio, best starter area and infill drill spacing required to move the resource up to a reserve category. Bids for Environmental and Feasibility Studies have been received and are being evaluated. Contracts are expected to be awarded for these studies soon. The timeline for carrying out these studies is 8 to 12 months once awarded.

Complete results, maps, cross-sections and all reports can be viewed at:
http://www.candente.com/s/PeruProjects_Canariaco.asp.

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.

Joanne Freeze, P. Geo., President & CEO

Release No. 183

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.
    Kelly Gray
    (604) 689-1957 or Toll Free: 1-877-689-1964
    or
    Candente Resource Corp.
    Evelyn Cox
    (604) 689-1957 or Toll Free: 1-877-689-1964
    Email: info@candente.com
    Website: www.candente.com