DNT Candente Copper Corp

Financial Update

Candente Resource Corp. (TSX:DNT)(BVLAC:DNT)(WKN:GW4) ("Candente" or the
"Company") announces financial results for the quarter ended September 30, 2009
("Q3-2009"). All amounts in this release are in U.S. dollars unless otherwise
stated.


The Company posted a net loss in the period of $833,990 or $0.01 per share in
Q3-2009, compared to a net loss of $1,248,503 or $0.02 per share in the three
months ended September 30, 2008 ("Q3-2008"). The most significant expense in
Q3-2009 was stock-based compensation of $687,423 (Q3-2008 $482,631), for options
that vested in the period. Other significant items included a write-down of
inactive mineral properties of $223,208 ($nil in Q3-2008) and a foreign exchange
gain of $170,731 (Q3-2008 loss of $371,917).


On a year-to-date basis the Company posted a loss of $1,049,601, compared to a
loss of $3,413,004 in the nine months ended September 30, 2008.


In Q3-2009 the Company continued the cost savings initiatives implemented during
the past year and to closely manage general and administrative expenses. Certain
corporate overhead costs have been shared with Candente Gold Corp. ("Candente
Gold") as of May 2009. 


In Q3-2009 the Company reported cash used in operations of $163,088 (Q3-2008
$1,170,790) and cash used in investing activities of $278,242 (Q3-2008:
$4,322,332). 


At September 30, 2009, the Company had cash and cash equivalents of $1,183,352
and working capital of $463,962.


At September 30, 2009, the Company had outstanding 80,943,127 common shares,
9,803,500 million stock options and 4,364,450 share purchase warrants, for a
fully-diluted total of 95,111,077 million common shares.


Canariaco Project

Management plans to resume work on the Canariaco copper-gold-silver project in
the first quarter of 2010. Initial work is to include exploration, especially on
the Canariaco Sur copper porphyry discovery (see Candente news release October
2, 2008) and Quebrada Verde copper porphyry target, as well as resumption of
feasibility level studies on the Canariaco Norte deposit. Canariaco Sur and
Quebrada Verde are located within 2 and 4 kilometres respectively of the
Canariaco Norte deposit. 


For a detailed analysis of the financial results presented above, refer to the
September 30, 2009 Unaudited Consolidated Financial Statements and Management's
Discussion and Analysis available on the Company's website at www.candente.com
and at www.sedar.com.


About Candente Resource Corp.

Candente is a diversified exploration and development company with copper and
base metal projects in Peru. 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.


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