2001 News

The following is written to clarify the News Release issued January 31st, 2001.

Subject to regulatory approval, Candente Resource Corp. has agreed to sell by Non Brokered Private Placement to a majority of arm's length investors, a maximum of 1,000,000 units at $0.25 to raise $250,000. Each unit will comprise one share and one half non-transferable share purchase warrant. One whole non-transferable share purchase warrants allow the placee to purchase one previously un-issued share of the company for a period of eighteen months for $0.35 cents.

The funds will be used for working capital and exploration on existing properties in Peru.

Candente Resource Corp. http://www.candente.com is actively exploring and holds interests in epithermal gold, disseminated copper-gold and VMS prospects in Peru. For more information contact us at (604) 689-1957 or at investor@candente.com.

ON BEHALF OF THE BOARDS OF DIRECTORS

Joanne Freeze, P. Geo., President & CEO
Candente Resource Corp.

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

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