Candente and Plan B Sign Agreement On Don Gregorio Cu-Au Porphyry Project

VANCOUVER, BC - Candente Copper Corp. has entered into a definitive agreement to option the Don Gregorio Cu-Au porphyry project to Plan B Minerals. In accordance with the Agreement, Plan B has the right to earn a 60% interest in the Don Gregorio property in Peru from Candente Copper's wholly owned subsidiary, Cobriza Metals Corp. by making payments to the Company and completing 10,000 meters(m) of drilling within 3 years of receiving government drilling permits.

One-half of the payments are to be used to fund Candente Copper team's work in community engagement and agreements. "Candente has always considered Don Gregorio as a very high quality exploration target, given the success of previous drilling in identifying significant copper and gold mineralization in a porphyry setting. We are very pleased to now have Plan B bring its expertise and commitment to further exploration at Don Gregorio.", said Joanne Freeze, P.Geo., Candente Copper's CEO."

Candente Copper acquired Don Gregorio from the Peruvian government in a competitive auction in 2008. Don Gregorio covers a mineralized (Cu-Au) porphyry system previously drilled by other parties in 1977 and 1995. A total of 1,642 meters ("m") were drilled to date in 12 holes. Eight of these holes were drilled to depths of 107 m or less and only two holes reached depths to approximately 260 m. Mineral intercepts from the historic drilling include 153.3m of 0.394% Cu with 0.18 g/t Au. A total of 930 surface samples were collected from the 1970's to 2011.