Corporate and Canariaco Project Update

VANCOUVER, BC - Candente Resource Corp. reported on the advancement of the Canariaco copper project in Lambayeque department, Peru.
"I am very proud of the team we have built at Candente and what we have accomplished so far," states Joanne Freeze, CEO and President. "We are focused on increasing shareholder value by advancing the Canariaco project in a timely manner. We now have a very well-rounded team of proven professionals that know how to get the project through feasibility and developed."
"Canariaco is a robust and scalable project, which means we have the option to go to production alone or take on a partner. The fact that the prices of buyouts of similar porphyry copper projects in Peru and elsewhere is increasing, is also encouraging. Canariaco is a large, bulk tonnage, open pit mining opportunity. An updated resource estimate will be completed in 2Q 2008. This resource will be based on the 203 holes drilled as of year-end 2007 by comparison with the April 2007 resource estimate based on 82 holes. This year, we also plan on continuing to advance our prospective portfolio of gold and silver exploration assets in Peru and Mexico."
The company's address is Suite 200, 905 West Pender Street, Vancouver, BC V6C 1L6, (604) 689-1957, fax: (604) 685-1946, email: [email protected], www.candente.com.