Candorado Operating Company Ltd.

Candorado Operating Company Ltd.

December 17, 2007 08:00 ET

Candorado Operating Company Ltd. Confirms Alkalic Copper-Gold Porphyry System on "Man" Property

KELOWNA, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2007) - Candorado Operating Company Ltd. (TSX VENTURE:CDO) (FRANKFURT:HQU) (BERLIN:HQU) is pleased to report further assay results from the Phase I 2007 drill program on the Man/Prime property near Princeton, BC.

Location Location
Hole North East From To Length Au
Number (m) (m) Dip Direction m m m Cu % g/t

694-012 13770 81244 -90 22.0 36.0 14.0 0.198
694-012 102.0 194.0 92.0 0.210 0.39

694-013 13804 81203 -50 degrees 0.0 51.0 51.0 overburden
51.0 141.0 90.0 0.204 0.39

Previously announced (August 22, 2007) hole 694-008 is in the area of holes
12 and 13.

Location Location
Hole North East From To Length Au
Number (m) (m) Dip Direction m m m Cu % g/t

694-008 13772 81160 -50 degrees 87.0 207.0 120.0 0.209 0.92

To the northeast of holes 8, 12 and 13 is historic hole 321-01, which was
drilled in 1988.

Location Location
Hole North East From To Length
Number (m) (m) Dip Direction m m m Cu %

-45 090
321-01 13841 81339 degrees degrees 0.0 17.0 17.0 overburden
17.0 83.0 66.0 0.671

The results of 321-01 are not compliant with NI 43-101.

The geology, alteration and mineralization encountered in these holes confirm that an alkalic copper-gold porphyry system exists on the property.

Quality Assurance

Exploration on the Man/Prime property is being conducted under the supervision of W.R. Gilmour, P.Geo, of Discovery Consultants, a "qualified person" as defined by National Instrument 43-101.

All drill core is being split, with half the core being sent to Acme Analytical Laboratories Ltd in Vancouver, British Columbia for analysis. A fire assay method is being used for the gold analysis. A QA/QC protocol, including blank, duplicate and standard samples, has been established to ensure reliable interpretation of the analytical data.

About Candorado

Candorado is a mineral exploration company focused on copper-gold exploration in the Quesnel Trough of British Columbia. Candorado has an option to purchase an 80% interest in the Man/Prime from Bearclaw Capital Corporation. Candorado is one of British Columbia's largest mineral rights land holders with its copper/gold porphyry targets within the Quesnel Trough in Central British Columbia, the Serb Creek molybdenum deposit, the Eldorado property next to BC Metal's Red Chris copper porphyry deposit and the Pitt Island VMS prospect all located in Northern British Columbia.

William Gilmour, P.Geo, a consultant to Candorado and a qualified person as defined by National Instrument 43-101, has reviewed the information in this news release.

On behalf of the board of directors of CANDORADO OPERATING COMPANY LTD

Rene Bernard, CEO

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.

Contact Information

  • Candorado Operating Company Ltd.
    Daniel Gallagher
    (250) 979-2595
    (250) 860-2957 (FAX)