Candente Copper Extends Copper Gold Mineralization at Caûariaco Sur

VANCOUVER - Candente Copper Corp. reported results from the second and third exploration holes of the 2013 drilling program on the Caûariaco Sur porphyry copper-gold system in Peru.

Hole CS-13-004 was drilled vertically to 411 metres (m) and hole CS-13-005 was drilled from the same platform as CS-13-004 to 265m at an azimuth of 090í and inclination of minus (-) 60í. Highlights of these holes include: CS-13-004: 411.30 metres (m) averaging 0.25% copper equivalent* from 0 to 411.30m (0.0.19% copper, 0.08 grams per tonne (g/t) gold and 1.5 g/t silver). Including: 197.30m averaging 0.35% copper equivalent* from 214m to 11.30m (0.26% copper, 0.11 g/t gold and 2.0 g/t silver). CS-13-005: 265 (m) averaging 0.19% copper equivalent* from 0 to 265m (0.15% copper, 0.05 g/t gold and 1.1 g/t silver). Including: 37m averaging 0.44% copper equivalent from 178m to 215m (0.36% copper, 0.10 g/t gold and 2.1 g/t silver). This intercept occurs within a broader intercept of 87m grading 0.30% copper equivalent* from 178m to 265m (0.25% copper, 0.06 g/t gold and 1.6 g/t silver).

Drill holes CS-13-004 and 005 were collared approximately 300 m east of drill hole CS-08-001 and approximately 500m east of hole CS-12-003.

The second and third holes of the 2013 drilling program, collared 300 metres east of CS-08-001,encountered long intersections of copper and gold mineralization, thereby significantly extending the zone of copper, gold and silver mineralization at Caûariaco Sur. These positive results continue to indicate that Caûariaco Sur has the potential to be a large copper gold porphyry system commented Sean Waller, President.

Drill hole CS-13-006 has been completed to 409m and drilling is in progress on hole CS-13-007, currently at 363.80m. CS-13-007 is collared at the same site as CS-13-006.

Hole CS-12-004 and 005 cut various potassic altered porphyritic intrusive and volcanic host rocks. Oxidation extends to a depth of 50m. Sulphide mineralization averages 2 to 3% and consists of chalcopyrite, pyrite and lesser patchy disseminated bornite. Sulphides occur as disseminations and within weak quartz-sulphide stockwork veining. Of interest are the very low arsenic values associated with sulphide mineralization, generally averaging much less than 50 parts per million (ppm) over the entire lengths of the holes mentioned above. Continuity of geology, alteration and grade between all holes drilled to date is a good indication that Caûariaco Sur may be a very robust mineralized porphyry system. In addition, a recently completed Induced Polarization (IP) survey over the entire Caûariaco Sur area and surroundings indicates that mineralization encountered at Caûariaco Sur is part of a broad >25 millivolt/volt (mV/V) chargeability anomaly. This chargeability anomaly extends for at least 5 kilometres (km), from Caûariaco Norte in the north, southwest through Caûariaco Sur and further southwest to the Quebrada Verde prospect and indicates potential for the discovery of additional mineralized centres. Limited soil geochemistry from a 2008 sampling survey also outlines mineralization known to date at Caûariaco Sur as well as the potential to extend mineralization to the east and west of current drilling.

A summary drill log, or quick log, of the holes were completed on site. Drill core was then transported offsite to the Company's core logging and storage facility where the core was logged in detail, split by rock saw and sampled for geochemical analyses. Core sampleswere bagged, sealed and sent to ALS Chemex labs in Lima, Peru. Samples received by the lab were weighed, dried and finely crushed to more than 70% of the sample passing a 2 millimetre (mm) screen. From this crushed material a 250 gram (g) sample is taken and pulverized to more than 85% of the sample passing a 75 micron screen. Base metals are analysed by conventional Inductively Coupled Plasma -- Atomic Emission Spectroscopy (ICP-AES) multi-element analysis. Gold analysis is by fire assay with an atomic absorption finish.