Cadan Resources Corporation
TSX VENTURE : CNF

Cadan Resources Corporation

August 28, 2007 13:43 ET

Sur American Gold Corporation Changes Name to Cadan Resources Corporation

Symbol (TSX VENTURE:CNF)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2007) - CADAN RESOURCES CORPORATION (the "Company") (TSX VENTURE:CNF) - is pleased to announce that effective August 28, 2007, Sur American Gold Corporation has changed its name to "Cadan Resources Corporation" and continued its incorporation from the federal laws of Canada under the Canada Business Corporations Act to the laws of British Columbia under the Business Corporations Act (British Columbia), as amended. Shareholders of the Company approved the name change and continuance at the annual general meeting held on June 25, 2007. The Company changed its name to reflect its current focus on the recently discovered "Cadan Copper-Gold Porphyry Target", located in Compostela Valley Province, East Mindanao, Philippines which it announced April 22, 2007.

The TSX Venture Exchange has notified the Company that effective as of the opening of the market on Tuesday August 28, 2007, trading in the Company shares will commence under the name "Cadan Resources Corporation" and the trading symbol for the Company will change from SUR to CNF.

To assist shareholders and potential investors to learn more about the Company and keep up-to-date with its exploration developments, the Company's website provides maps and details of its main Philippine Copper Gold Porphyry and Gold projects and its gold and copper-gold projects in Colombia.

Readers are encouraged to visit the site at www.CadanResources.com.

Cadan Resources Corporation (CNF-V) is a junior exploration Company with operations in the Philippines and Columbia and commencing August 28, 2007 trades on the TSX Venture Exchange (Canada) with trading symbol CNF-V.

On behalf of the board of directors,

Brett Taylor, President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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