2002 News

Release No. 40

Candente Resource Corp. ("the Company") is pleased to announce results on the Lunahuana Property (100% undivided interest). These results are from both the Company's current exploration program as well as from work carried out previously by Britannia Gold (now Nanotek).

Current exploration has been focused on enhancing drill targets for potential bulk tonnage (large size) gold and gold-copper deposits which were recently identified by a geophysical interpretation. Gold values of greater than 1.0 gram occur in several locations, many of which may be related to an extension of the Northeastern IP anomaly. The gold values reach as high as 3 gpt over 1.5 m and 0.9 gpt over 3 metres. The Northeastern anomaly is characterized by high chargeability and high resistivity, which is a typical geophysical signature for bulk tonnage style mineralization.

Gold values between 0.5 and 1.0 gpt are widespread and often occur in structurally controlled zones. To date gold mineralization has been found to occur in quartz, quartz-calcite veins and veinlets, stockwork zones, silicified and/or clay altered wall rocks with or without iron oxides: jarosite, goethite and hematite, and copper sulphides and/or copper oxides.

The Company is also very encouraged by geological mapping which shows that the gold mineralization and IP anomalies are not hosted predominantly by intrusive rocks, as previously thought, but instead occur in volcanic--sedimentary units of substantial and varying thickness. Volcanic and sedimentary rocks are more porous and permeable and therefore are better hosts for disseminated bulk tonnage styles of mineralization.

Exploration is ongoing on the property and will continue to focus on enhancing drill targets and expanding known gold zones by trenching, pitting, rock chip sampling and geological mapping. Other than occasional rains, the Coastal Belt (Lunahuana area) has a favourable climate for year round exploration activities.

Candente is a junior exploration company focused on the acquisition, exploration and development of world class gold and copper projects in Peru.

For more information on our current exploration progress visit www.candente.com.


"Joanne C. Freeze"
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.

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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