2000 News

Candente Resource Corp. is pleased to announce that field crews will be mobilized to the Pamel property during the coming week. Exploration on the property is being funded by Richfield Explorations Inc. under an option agreement whereby Richfield can earn a 50% interest in the property. Terms of the Option agreement include US$410,000 in payments and US$2,500,000 in exploration expenditures over four years. Phase I expenditures will total US$300,000. The exploration programs will be directed by Ing. Fredy Huanqui, Peruvian geologist instrumental in the discovery of Pierina, and Joanne Freeze, P. Geo., who was also involved with the early exploration stages of Pierina.

Initial exploration at Pamel will be focused on collecting surface rock chip samples to provide more complete coverage of the alteration zone that covers two kilometres by four kilometres. Rock chip sampling to date has defined anomalous levels of mercury, arsenic, antimony, barium, lead and gold in a zoned pattern. Trenching has delineated anomalous levels of gold up to 0.38 grams per tonne over 5 metre intervals. Density of rock chip sampling on the property to date is less than one sample per 100 square metres which leaves many areas under explored.

The Pamel Property is a high sulfidation epithermal gold prospect located in the Western Cordillera of the Peruvian Andes which also hosts the Pierina and Yanacocha gold mines. The geological environment at Pamel is similar to that hosting the Pierina deposit with respect to stratigraphy (rock types and ages) and alteration.

For more information on our exploration activities please visit our website at www.candente.com.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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