Feasibility Study Commences On Canariaco Norte Copper Project 

VANCOUVER, BC - Candente Copper Corp. has commenced a Feasibility Study ("FS") on its 100% owned Canariaco Norte Copper Project in northern Peru. The Feasibility Study is under the direction of AMEC Americas Limited ("AMEC").

"The PFSPR clearly indicates that Canariaco Norte is an extremely attractive copper project with robust economics and a sound development plan," said Sean Waller, President of Candente Copper. "It is our objective to continue to de-risk the project by taking the engineering to the next level, which we anticipate will provide the basis to make the decision to proceed to construction. Moving ahead immediately to a FS with the AMEC team is an important factor in maintaining the overall schedule for project development." The Feasibility Study will be based on the scope of development presented in the PFSPR, although several aspects will be subject to additional investigation and optimization. The FS will see the level of engineering and economic analysis completed to a significantly higher accuracy level than the PFSPR, with the objective of finalizing the scope of project development, and completing capital and operating costs estimates to an accuracy of plus or minus 15%.