Candente Copper Intersects 113.5 Metres Of 0.42% Copper Equivalent At Caûariaco Sur

VANCOUVER, BC - Candente Copper Corp. reported results from the first exploration hole of the 2013 drilling program on the Caûariaco Sur porphyry copper-gold system.

Hole CS-12-003 was drilled vertically to 528.50 metres and highlights of this hole include: CS-12-003: 528.5 metres (m) averaging 0.29% copper equivalent from 0 to 528.50m (0.24% copper, 0.07 grams per tonne ("g/t") gold and 0.9 g/t silver); Including: 113.5m averaging 0.42% copper equivalent from 10.5 to 124.0 metres (0.35% copper, 0.10 g/t gold and 1.4 g/t silver).This intercept occurrs within a longer intercept of 239.5m grading 0.33 % copper equivalent from 10.5m to 250m depth (copper 0.27%, gold 0.08 g/t and silver 0.9 g/t).

"We are extremely pleased with the results obtained from the first drill hole of the 2013 drilling program at Caûariaco Sur. CS-12-003 adds to the very positive results obtained from the two holes Candente Copper drilled at Caûariaco Sur in 2008," commented Sean Waller, President. "These three drill holes are widely spaced and each hole contains copper and gold mineralization extending over 500m from surface to the end of the hole, indicating that Caûariaco Sur has the potential to be a very significant system."

Results from hole CS-12-003 are especially encouraging as it was targeted to test a strong induced polarization (IP) chargeability anomaly thought to represent the pyrite halo of a porphyry deposit. This anomaly was initially identified by a historic geophysical survey and was better defined by a second recent IP survey which combined with the first survey gives IP coverage to the entire Caûariaco Sur target area. Based on the interpretation of the combined IP surveys and observations made from hole CS-12-003, the pyrite halo is now anticipated to be situated 300m to 400m further to the west thus extending exploration potential in that direction. Sulphide mineralization is first observed at approximately 40m down hole and occurs both in disseminations and within quartz and quartz-sulphide veins until the end of the hole. Total sulphide mineralization content averages approximately 2% and consists of chalcopyrite, chalcocite, bornite, molybdenite and pyrite. Moderate to strong potassic and phyllic alteration has mostly obliterated volcanic and various porphyritic intrusive rock textures. Locally strong quartz-sulphide stockwork veining is also associated with potassic and phyllic alteration.

Drill holes CS-08-001 and 002, drilled by Candente Copper in 2008 are located approximately 200m east and 400m northeast, respectively, from hole CS-12-003 and were targeted to verify the results of holes CS-99-001 and CS-99-002 drilled by Billiton in 1999. The centre of Caûariaco Sur is located approximately 1.5 kilometres southwest of the Caûariaco Norte deposit (now under feasibility study). Based on the drilling to date at Caûariaco Sur significant copper and gold mineralization occurs over an area of approximately 500m x 500m and is open in all directions and at depth.

Drill holes CS-13-004 and 005 have been completed to 411m and 265m, respectively and drilling has commenced on hole CS-13-006. Results from these holes will be reported as they are received.