2003 News

Candente Resource Corp. - DNT:TSX-V (the Company) is pleased to announce it has closed the previously announced non-brokered private placement of 625,000 units at $0.80 per unit to raise a total of Canadian $500,000 with Passport Capital, LLC of San Francisco, California. Each unit consists of one share and one half-share purchase warrant. One whole non-transferable purchase warrant allows Passport to purchase one share of the Company at a price of $1.00 per share during a period of twenty four months. The common shares issued under the units are subject to a 4-month hold period expiring February 22, 2004. The funds will be used for general working capital and exploration of the Company's properties, general working capital and acquisition purposes.

On another matter, Candente's management would like to invite you to come and meet Joanne C. Freeze, President & CEO and other company personnel at the following conferences: Chicago Natural Resource/Technology Conference and Exhibition - Saturday October 25th, 2003, New Orleans Investment Conference October 29 through November 2nd, 2003, San Francisco Precious Metals Conference November 23rd and 24th, 2003.

Candente is a well financed junior exploration company focused on the acquisition, exploration and development of world-class gold and copper projects. For more information on our current exploration progress visit www.candente.com and/or call us at (604) 689-1957, toll free 1-877-689-1964 or e-mail to investor@candente.com.

ON BEHALF OF THE BOARD OF DIRECTORS

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

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND THE APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

The TSX 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.