DNT Candente Copper Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Candente Resource Corp. (TSX:DNT)(BVLAC:DNT)(WKN:GW4) ("the Company") and
Candente Gold Corp. ("Candente Gold") are pleased to provide more detail on
historic resources on the El Oro gold and silver project in Mexico as well as an
outline of an exploration and development program planned for the El Oro
project.


El Oro Project

The El Oro mines operated almost continuously over a period of approximately 40
years from the late 1890's until 1937. Thereafter mining operations continued at
a significantly reduced rate by an employee cooperative until 1957. Based on
historic records, estimates of past gold-silver production range up to 20
million gold equivalent ounces. Candente Gold personnel have reviewed the
extensive historic El Oro documentation and substantiated the historic
production of 8 million ounces of gold equivalent from the San Rafael and Verde
veins alone. Historic mining operations from the Spanish era have taken place
intermittently on a number of additional parallel vein structures including the
Borda and Corona veins, however gold-silver production on these veins was only
poorly documented and cannot be verified. 

 
Historic and non-43-101 compliant estimate indicating that a mineral resource
containing approximately 760,000 ounces of gold and 9,750,000 ounces of silver
in 6.89 million tonnes grading 3.44 grams per tonne (gpt) gold and 44 gpt silver
was reported by Luismin (subsidiary of Goldcorp) in 1992. This mineral resource
lies within and adjacent to the old workings of the San Rafael vein and
according to Luismin documentation represents only 40% of the San Rafael
workings. Taking into consideration all of the known San Rafael workings,
Luismin estimated a total remaining resource of 17 million tonnes of 3 to 4 gpt
gold and 40 to 60 gpt silver (non NI 43-101 compliant) which may contain in
excess of 1.7 million ounces of gold equivalent. Candente Gold cautions that
this is an historical estimate and although it is based on extensive historical
records including 16,800 samples and 2,400 mine plan maps, a qualified person
has not done sufficient work to classify the historical estimate as current
mineral resources or mineral reserves and as such the historical estimate should
not be relied upon.

 
Drilling by Minera CCM S.A., now held by Candente Gold Corp., in 2007 on the
four main veins at El Oro intersected mineralized vein structures below the
historical workings demonstrating that the veins and precious metal
mineralization continues to depth. Recent petrographic work including fluid
inclusion analyses on vein material collected from 2007 drill intersections
within three of the four main veins indicates the sample positions are high in
an epithermal gold-silver system (above the system's boiling point) which
indicates excellent potential for additional gold-silver ore shoots below past
production levels. Previous work by Placer Dome on the El Oro property indicated
the potential for high grade ore shoots containing in excess of 1 million gold
equivalent ounces in the San Rafael vein below the historic workings, and formed
the basis for Placer Dome's previous interest in the property (2003-2004).
Mining at El Oro took place over an average vertical range of only 250 metres.
Several similar vein systems in Mexico are mineralized over 400 metres
vertically and some are mineralized over 600 to 900 metres vertically.


Exploration and Development Program

An exploration and development program is planned, pending approval of the
proposed Plan of Arrangement ("the Arrangement") and a financing in Candente
Gold Corp. (see Candente News Release #261 of June 16, 2009).


Exploration efforts at El Oro will focus on three objectives: 

Identify Additional Resources in Known Veins

Rehabilitate access to and drive new development to the underground workings on
the main veins, establish underground drill stations and conduct drilling
targeted at identifying additional mineralized zones and resources at greater
depth and along strike. Excellent potential exists for ore shoots to continue at
depth for these veins. 


Assess Existing Historic Resources for Production Potential

Utilize the rehabilitated underground access to the San Rafael Vein to evaluate
existing historical resources identified by Luismin for production potential and
potential upgrade of historic resource to NI 43-101 standards;


Discovery of New Veins 

Exploration including mapping, geochemical sampling and geophysical surveys have
identified several key targets with excellent potential for discovery of new
vein systems especially in a large area previously unexplored and unexploited.


Peru Projects

Candente Gold also plans to commence exploration work to further delineate drill
targets initially on three of its Peru precious metal projects. Previous work by
Candente including prospecting, surface mapping and geophysics identified
anomalous zones of gold and/or silver mineralization and the potential for
precious metals deposits of significant size on each of these properties.


About Candente Gold Corp.

Candente Gold'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.


NR 262

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