Candente Resource Corp. (TSX:DNT)(BVL:DNT)(WKN:GW4) ("Candente") and Canaco
Resources Inc. (TSX VENTURE:CAN) ("Canaco") are very pleased to report that they
have agreed to create a new company, Candente Gold Corp. ("Candente Gold"), to
focus on exploration and development of precious metals projects in Latin
America. Each company will transfer to Candente Gold its respective 50% interest
in the El Oro gold-silver property in Mexico and in addition, Candente will also
transfer to Candente Gold its Peruvian gold-silver properties.


Candente Gold's first focus will be the El Oro property, which has very
significant past gold and silver production (20 million ounces gold equivalent),
a substantial historic (non NI 43-101 compliant) gold and silver resource and
excellent exploration potential. (for details see
http://www.candente.com/i/pdf/El_Oro_Mexico_Summary.pdf).


Candente Gold's second focus will be the earlier stage Peruvian properties where
exploration by Candente has identified gold and silver mineralization and drill
targets in geological settings similar to some of Peru's world class mines. (See
Candente Gold Properties Powerpoint presentation
http://www.candente.com/i/pdf/GoldPropertiesApril2009.pdf).


Candente Gold will issue to each of Candente and Canaco, 5 million common shares
and a promissory note for future reimbursement of their respective expenditures
to date relating to the El Oro property (Cdn$1.3 million each) to be received in
cash or shares. El Oro is under option from Luismin (now controlled by Goldcorp)
by Minera CCM S.A. de C.V., which is owned equally (50% each) by Candente and
Canaco and is being sold to Candente Gold.


For the Peruvian gold-silver properties, Candente will receive 10 million shares
in Candente Gold upon transfer and an additional 10 million shares once a
minimum of US$5 million has been spent cumulatively by Candente Gold on these
properties.


Candente Gold will seek to list its common shares on either the TSX or the TSX.V
and the BVL (Bolsa Valores Lima) stock exchanges through a re-organization and
will raise funds in accordance with market conditions. These transactions may be
subject to shareholder and regulatory approvals.


Candente Resource Corp. will change its name to Candente Copper Corp. ("Candente
Copper"). Candente Copper Corp. will retain the Canariaco project and several
other of its predominantly copper and/or other base metal exploration properties
in Peru.


Candente Copper intends to initially retain a position (10 to 15%) in Candente
Gold and distribute the remaining common shares it receives of Candente Gold to
its current shareholders on a pro-rata basis.


Sean Waller, P.Eng., VP Development and Joanne C. Freeze, P.Geo., President &
CEO are the Qualified Persons as defined by National Instrument 43-101 for the
projects discussed above and they have reviewed and approved the contents of
this release.


Complete results, maps, cross-sections and all reports on the El Oro property
and the Peruvian gold-silver properties can be viewed at:
http://www.candente.com


About Candente

Candente's Management Team and Board of Directors are senior mining industry
executives with a track record in the discovery and development of copper, gold
and silver deposits. Candente subscribes to principles, which ensure that
exploration and development activities are consistent with best practice and
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.


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.


NR258

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