Candente Resource Corp. (TSX:DNT)(BVL:DNT)(WKN:GW4) ("Candente" and/or the
"Company") is pleased to announce that the Company has renewed the annual permit
for exploration (the "Acta") on the Canariaco project with the support of over
85% of the community.


"The support of the local citizens, local authorities and of the regional
government is paramount to us," said Ted Muraro, Manager Community Relations,
Environmental Protection and Logistics. "We work very closely with the community
and with all levels of government. Their participation ensures our activities
benefit as many as possible. We are committed to keeping the highest
environmental standards (abiding by the Equator Principals) and to assisting in
the advancement of Canaris for the benefit of all citizens."


During a meeting held in the village of Canaris on January 6th, 2008 with more
than 800 local citizens in attendance, informative presentations on the project
were made by the Company and AMEC (Peru) S.A. (Environmental and Social Impact
Assessment (ESIA) Consultants). Local authorities in attendance included:
Community President, Mr. Francisco Rinza Lucero; the Mayor of the District of
Canaris, Antonio Ventura; Canaris Governor, Mr. Nicolas Calderon; and the Energy
and Mines and Agriculture Directors, Ing. Anibal Salazar and Ing. Leoncio
Navarrete.


Meetings and presentations are part of the Company's policy to collaborate with
the community and to ensure the Company understands the needs, opinions,
questions and concerns of the citizens with respect to Canariaco and Candente.
In addition, they serve to keep the community well informed of the Company's
activities and intentions about the advancing nature of the Canariaco project.


The Acta was signed by the local authorities on January 16th, 2008. This
authorizes the continuance of the exploration work and the culmination of the
environmental impact and feasibility studies at the Canariaco project. An
agreement for long term lease and/or purchase of surface rights with the right
to exploit (extract minerals) was also discussed and is planned to be proposed
in conjunction with completion of the ESIA.


About Canariaco Norte

On March 4, 2007, an updated independent mineral resource estimate was completed
on the Canariaco Norte Zone based on 26,019 m of drilling in 82 holes (see News
Release 202, March 4th, 2007). The Measured and Indicated resource was estimated
as 643 million tonnes (MT) averaging 0.45% Cu at a cut-off grade of 0.3% Cu and
containing 6.35 billion (B) pounds (lbs) of copper. The Inferred resource was
estimated as 177 MT averaging 0.45% Cu at a cut-off grade of 0.3% Cu and
containing 1.75 B lbs of Cu. Within the larger resource, a Starter Pit of 104 MT
(Measured and Indicated) grading 0.60% Cu was delineated.


SRK Consulting (Canada) Inc. is now working on a new resource estimate for
Canariaco Norte based on the 57,355 metres (m) drilled in 203 holes as of
December 31st, 2007. The additional drilling has extended the deposit both to
the northeast and to the south and much deeper.


About Candente Resource Corp.

Candente is a diversified exploration company with copper, gold, silver, and
zinc projects in Peru and Mexico. Canariaco is an advanced exploration stage
copper deposit. Candente subscribes to principles, which ensure that its
exploration and development activities are beneficial to the local communities.


NR 236

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.


CAUTIONARY NOTE TO U.S. INVESTORS

We advise U.S. investors that this news release uses terms which are not
recognized by the United States Securities and Exchange Commission ("SEC"),
including "mineral resources", "measured resources", "indicated resources" and
"inferred resources". The estimation of measured and indicated resources
involves greater uncertainty as to their existence and economic feasibility than
the estimation of proven and probable reserves. U.S. investors are cautioned not
to assume that mineral resources in these categories will be converted to
reserves. The estimation of inferred resources involves far greater uncertainty
as to their existence and economic viability than the estimation of other
categories of resources. U.S. investors are cautioned not to assume that
estimates of inferred mineral resources exist, are economically mineable, or
will be upgraded into measured or indicated mineral resources. U.S. investors
are cautioned not to assume that mineral resources in any of these categories
will be converted into reserves.
Candente Copper (TSX:DNT)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Candente Copper Charts.
Candente Copper (TSX:DNT)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Candente Copper Charts.