Candorado Operating Company Ltd.

Candorado Operating Company Ltd.

September 07, 2005 09:30 ET

Candorado Operating Company Limited: Property Acquisition in the Stewart Camp- 1200 metres east of Pinnacle Mines 50 feet of 1 opt Gold

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - Sept. 7, 2005) - Candorado Operating Company Limited (TSX VENTURE:CDO) is pleased to announce that it has entered into an arm's length Option Agreement with Cazador Resources Ltd. - a private British Columbia company to acquire a one hundred per cent interest in the Lucky Coin Property.

The Lucky Coin Property (approximately 125 hectares) is situated along road access approximately 24 kilometres north of Stewart and is located about 1200 metres east of the Kansas and Big Missouri claims were drill intercept of 50 feet of 1 ounce/tonne gold were recently announced by Pinnacle Mines on August 24, 2005.

The company is also encouraged by the fact that this ground is contiguous with past producing Mineral Leases and claims held by Boliden Limited and that the claims cover a similar geologic environment to that which hosts the Eskay Creek Mine located 65 kilometres to the northwest.

Along the eastern boundary of the property the Start 2 minfile occurrence is noted with at least four old adits (circa.1926) occurring in the area with quartz veins with sphalerite, galena, minor pyrite and fragments of felsic tuff. A historical sample across a vein assayed 99.4 grams per tonne silver, trace gold, 7.0 per cent zinc, 1.7 per cent lead, 0.02 per cent copper and 0.09 per cent cadmium over 2.1 metres (Assessment Report 7640, 8245).

Subject to regulatory approval Candorado will issue 400,000 common shares to Cazador to earn a 100 % interest in the Lucky Coin Property.

Rene Bernard, C.E.O

Candorado Operating Company
Rene Bernard, C.E.O

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