Candente Copper Drills 308m at 0.32% Copper Equivalent at Caûariaco Sur

VANCOUVER - Candente Copper Corp. reported results from the 2013 drilling program on the Caûariaco Sur porphyry copper-gold system.

Drilling to date at Caûariaco Sur has delineated significant copper, gold and silver mineralization which extends for a minimum of 700 metres (m) north-south and 500m east-west and is open in all directions. "Given the grades encountered to date, the proximity of Caûariaco Sur to the Caûariaco Norte deposit, the company believes that this porphyry system has the potential to add significantly to the value of the Caûariaco project, said Joanne Freeze, CEO.

Drill hole CS-13-008 intersected 308.00 metres (m) averaging 0.32% copper equivalent* from 8.00m to 316.00m (0.27% copper, 0.06 g/t gold and 0.08 g/t silver) including 144.80m averaging 0.36% copper equivalent* from 8.00m to 152.80m (0.32% Cu, 0.06 g/t gold and 0.09 g/t silver), and 74.5m averaging 0.43% copper equivalent from 241.50m to 316.00m (0.36% copper, 0.10 g/t gold and 1.10 g/t silver).

Drill hole CS-13-009 intersected 115.50m averaging 0.36% copper equivalent from 9.50m to 125.00m (0.31% copper, 0.06 g/t gold and 1.2 g/t silver) within a larger interval of 289.20m averaging 0.22% copper equivalent* from 0.00m to 289.20m (0.19% copper, 0.04 g/t gold and 0.7 g/t Ag).

Drill hole CS-13-010 drilled to 425.75m intersected weakly mineralized copper and gold along the entire length of the hole. This intersection may indicate the eastern flank of the copper-gold porphyry system at Caûariaco Sur however, soil geochemistry and geophysics indicates the system could extend further to the east.

Drill holes CS-13-008 and 009 were collared from the same platform, approximately 250m south of holes CS-13-004 and 005 and approximately 450m south of drill holes CS-13-006 and 007 (see DNT NR47 dated April 8, 2013). Hole CS-13-010 was collared approximately 300m northeast of holes CS-13-008 and 009.

Hole CS-13-008 was drilled to 525.65m at an azimuth of 180í and inclination of minus (-) 60í. Hole CS-13-009 was drilled to 289.20m, at an azimuth of 090í and inclination of -60í. Hole CS-13-010 was drilled to 424.75m at and azimuth of 090í and inclination of -65í.

The final two drill holes of the 2013 Caûariaco Sur drilling program, CS-13-011 and 012, have been completed to depths of 451.10m and 400.45m, respectively. These holes are located approximately 600m northwest of holes CS-13-008 and 009 and results will be reported once they are received.

Holes CS-13-008 and 009 cut similar copper equivalent grades in the upper 100m to 15om. In addition, both holes cut various porphyritic intrusives and volcanic host rocks that are potassic altered with a minor phyllic overprint associated with quartz-sulphide veins. Though total sulphides average less than 2-3% for both holes, grades greater than 0.3% copper equivalent* persist in hole CS-13-008 due to the intensity of potassic alteration and associated mineralization. Hole CS-13-009 drilled out of weak to moderate potassic alteration into propylitic alteration by approximately 150m with a resultant drop in copper and gold grades with depth. Hole CS-13-010, drilled 300m northeast of holes CS-13-008 and 009, cut weak potassic alteration overprinting dominant propylitic alteration, possibly indicating the eastern edge of significant copper and gold mineralization at Caûariaco Sur. Sulphides in this hole averaged 1-2%, consisting mostly of pyrite, with resulting copper equivalent* values mostly less than 0.1%.

Arsenic values associated with sulphide mineralization in holes CS-13-008, 009 and 010 average less than 20 parts per million (ppm) over the entire hole intervals as shown in Table 1. This low arsenic mineralization is consistent with other holes drilled at Caûariaco Sur to date.