LO Lounor Exploration Inc.

Cancana Resources Corp. (TSX VENTURE:CNY) (the "Company" or "Cancana") is
pleased to announce that the Departamento Nacional de Producao Mineral,
(Department of Mines for Mineral Production), ("DNPM"), has issued the Guia De
Utiliacao, or Trial Mining License, ("Guia"), on its 886241/2011 manganese
claim. 


The issuance and receipt of the Guia, Trial Mining License, provides approval
for mining operations, extraction, processing and sales of Manganese ore. 


As reported on June 6, 2013, Cancana has already been issued Preliminary
Environmental License, ("LP"), and the Installation License, ("LI"), the
Operating License, ("LO"). Cancana is submitting an application for a Water
Permit which will allow for the use of water in the ore washing process. 


Cancana intends to commence the development of infrastructure and site
preparatory work needed in order to establish mining operations on 886241/2011
manganese claim also known as Valdirao. This will include working with the land
owners and contractors throughout the region while we work to establish the
infrastructure needed to commence operations. The area that has been permitted
contains the area that Cancana has completed a Technical Report and is described
below.


On January 15, 2013 Cancana reported that it had completed Phase 2 of National
Instrument 43-101 Compliant Technical Report, ("N.I. 43-101"), on one of its
high-grade manganese claims in Rondonia, Brazil. This independent N.I. 43-101
Technical Report was prepared for Cancana by John Harper, ("Harper"),
Professional Geologist, and Qualified Person and is an extension and update of
the initial Technical Report dated November 19, 2012. 


The updated N.I. 43-101 Technical Report executed the recommendations and
ongoing work of the initial Technical Report on a claim known as 241 and in an
area of that claim identified as 241NC ("Sigmine claim # 886241/2011"), and
provides an increase to the Inferred Resource totalling 35,000 tonnes of
mineralization with an average Manganese grade of 54%. The updated N.I. 43-101
Technical Report was completed on an area that had increased in size from 2.97
hectares to 4.4 hectares, the entire claim 241 is 5,417.35 hectares in size. A
further four Manganese samples were collected and brought to Canada for assay.
The samples assayed graded between 51.97% to 58.03% Mn with an average grade of
53.81%.


Andrew Male, President & CEO of Cancana, commented; "The issuance of the Guia is
effectively the last step in this process of becoming fully permitted. The Guia
allows Cancana to begin mining excavation, ore processing and sales. Once we
obtain the Water License it will allow Cancana to wash the processed Manganese
ore on site. In the interim we will continue to work with the Company's
Consultants in order to develop the balance of the mining plan and organisation
of the infrastructural requirements.


With the issuance of these permits over the past 3 months, we are now fully
permitted and as such we have managed to de-risk Cancana dramatically. Cancana
is able to embark on its operational plan and transition from exploration to
production, a key step in the development of a mining company.


We continue to actively work toward the successful acquisition of Rio Madeira,
the company adjacent to our existing mineral claim package. The synergies of
combined operations within the region will allow for reductions in cost both
from a capital and operational expenditure point of view. Now with the
permitting of Valdirao we can establish a new mining operation that can feed the
Rio Madeira processing plant and in turn increase the overall production and
capacity."


Cancana Resources Corp. is an exploration stage company that is transitioning
into production with assets in Brazil and Canada. The Company has been seeking
projects that expand its resource base and provide for near term production and
revenue. All available resource reports and information on the Company's
properties are located on the Company website.


Issued on behalf of the Board of Directors of Cancana Resources Corp.

Mr. Andrew Male, CEO & Director

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. The information in
this news release may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. When used in this release, words such as "estimate",
"expect", "anticipate" and "believe" as well as similar expressions are intended
to identify forward-looking statements. Such statements are used to describe
management's future plans, objects, and goals for the Company and therefore
involve inherent risks and uncertainties. The reader is cautioned that actual
results, performance or achievements may be materially different from those
implied or expressed in such statements, which speak only as of the date, the
statements were made. The Company does not update forward-looking statements
continually as conditions change. We seek safe harbour.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cancana Resources Corp.
+1 403 269 2065
cancana.ir@cancanacorp.com
www.cancanacorp.com


CHF Investor Relations
Jeanny So
Director of Operations
jeanny@chfir.com

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