DNT Candente Copper Corp

Candente Resource Corp. (TSX:DNT)(BVL:DNT)(WKN:GW4) ("Candente") announces its
results for the fiscal year ended December 31, 2007. All amounts in this release
are in U.S. dollars unless otherwise stated.


Candente incurred mineral property expenditures totalling a total of $12.4
million during 2007, of which $10.8 million was directed to the Canariaco
Property. At December 31, 2007, mineral property expenditures to date totalled
$23.1 million of which Canariaco expenditures totalled $17.2 million.


During 2007, the Company received gross proceeds of $16.1 million from an equity
financing, less $1.3 million in share issue costs, for net proceeds of $14.8
million (Cdn$17.1 million gross, less Cdn$1.4 million in share issue costs, for
Cdn$15.7 million net). Proceeds resulted from the June 2007 brokered private
placement of 13.2 million common shares at a price of Cdn$1.30 per share. The
Company also received proceeds of $982,000 from the exercise of stock options to
issue 1.7 million common shares at a weighted-average price of Cdn$0.62 per
share and $4.9 million from the exercise of warrants to issue 3.6 million common
shares at a weighted-average price Cdn$1.42 per share.


At December 31, 2007, there were 71.8 million common shares issued and
outstanding with 9.0 million stock options and 0.5 million share purchase
warrants outstanding, for a fully-diluted amount of 81.3 million common shares.


At December 31, 2007, the Company had working capital of $8.6 million including
cash and cash equivalents of $9.2 million. The Company's net loss for 2007
totalled $3.4 million, or $0.05 per share, compared to a loss of $1.8 million,
or $0.04 per share, for 2006.


The Fiscal Year 2007 audited consolidated financial statements and management's
discussion and analysis are available on the Company's website at
www.candente.com and www.sedar.com.


About Candente Resource Corp.

Candente is a diversified copper and gold exploration company focused on
increasing value through discovery for both shareholders and local stakeholders.
Candente has an advanced exploration stage copper project, Canariaco, and
several other gold, copper and silver projects in Peru and Mexico. Candente
subscribes to principles which ensure that its exploration and development
activities are beneficial to the local communities.


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.


NR 239

Candente Copper (TSX:DNT)
Historical Stock Chart
From Jun 2024 to Jul 2024

Candente Copper (TSX:DNT)
Historical Stock Chart
From Jul 2023 to Jul 2024