Candente Copper Updates Drilling At Canariaco

VANCOUVER - Candente Copper Corp.reported on progress of exploration and feasibility drilling on the Caûariaco property.

One drill is working on Caûariaco Norte focusing on metallurgical and geotechnical work.Three metallurgical holes have now been completed to depths of 201, 303 and 253 metres, respectively, and a fourth metallurgical hole is in progress. A second drill is working on exploration targets at Caûariaco Sur and the first hole (CS-12-003) has been completed to a depth of 528 metres. Drilling has commenced on the second hole (CS-13-004).

Drill hole CS-12-003 was targeted to test a strong induced polarization ("IP") chargeability anomaly from a previous partially complete geophysical survey, thought to represent the pyrite halo of a porphyry deposit. A second IP survey was recently completed which expanded on the previous survey to cover the entire Caûariaco Sur prospect area. Interpretation of the new and expanded IP survey and observations made from hole CS-12-003 indicates the pyrite halo is situated a further 300 metres to 400 metres to the west. Moderate to strong potassic and phyllic alteration has mostly obliterated volcanic and various porphyritic intrusive rock textures. Locally strong quartz-sulphide stockwork veining is also associated with potassic and phyllic alteration. Samples for drill hole CS-12-003 have been sent to ALS Chemex labs in Lima, Peru for ICP and assay analyses which will be reported once received.

Approximately 11,000 metres of feasibility drilling are planned for Caûariaco Norte and approximately 4,000 metres of exploration drilling are planned for Caûariaco Sur. Local employment to support the drilling and other project site activities is carried out on a rotational basis and over 260 villagers have now qualified for the 130 daily positions.