2004 News

Vancouver, British Columbia, November 8th, 2004. Candente Resource Corp. - DNT:TSX-V ("Candente") is pleased to report analytical results have been received for the second two holes of a twelve hole core drilling program totalling approximately 2500 metres on its 100% owned Cañariaco copper project in Northern Peru. Mineralization and grades encountered in all four drill holes reported to date are consistent with those seen in large porphyry copper systems.

All holes are being drilled as part of a systematic pattern on a grid with 100 metre centres. Drill hole DDH-04-005 was drilled vertically to a depth of 202 metres (m) and DDH-04-006 was also drilled vertically to depth of 255 m. The two holes were drilled 100 metres apart on a north-south line and 100 metres east of DDH-04-001 and DDH-04-002, (a 100 metre square area). Due to logistical reasons holes were not always drilled in the same order that they were numbered and as such assays have not yet been received for holes DDH-04-003 and DDH-04-004. A map showing drill hole locations and a table summarizing all results to date are posted on the Company's website at:
http://www.candente.com/s/PeruProjects_Canariaco.asp

Both holes ended in mineralization of similar grade to that encountered throughout the rest of the hole. The mineralization remains open at depth and on all sides. Surface work and previous drilling indicates that the mineralizing system has a lateral extent of at least 1 by 1.2 kilometres (km). Initial microscopic analysis of drill core indicates the main copper minerals to be chalcocite, chalcopyrite, covellite and bornite. Additional assay results will be reported once received and compiled.

All core from drilling is being cut in half with a diamond saw and sampled at two metre intervals on the property. One half of the split core is collected by Candente's Peruvian geologists in accordance with industry standards and is being submitted to Actlabs in Lima, Peru. Total copper analyses and a sequential leach procedure for acid soluble copper, cyanide soluble copper and residual sulphides is being carried out by Actlabs laboratory in Lima, Peru. Pulps from the same samples are being sent to Actlabs laboratory in Ancaster, Ontario, Canada and analysed for an additional 36 elements using Inductively Coupled Plasma (ICP). Quality Assurance and Quality Control, including the use of sample standards, blanks and duplicates as well as chain of custody is monitored by Candente. Mike Casselman, M.Sc., P.Geo., General Manager Exploration and Director of Candente and James Currie, P.Eng., Independent Director of Candente are the qualified persons as defined by NI 43-101 for the Cañariaco project and have verified the information contained in this release.

Candente is a well-funded mineral exploration company focused on the acquisition and exploration of gold and copper projects with world-class potential. Management has a strong geological/technical focus and a track record of discovering world-class mineral deposits. Candente subscribes to principles which ensure that its exploration and development activities are beneficial to the local communities. For more information visit www.candente.com, call us at (604) 689-1957, toll free 1-877-689-1964 or e-mail to info@candente.com.

ON BEHALF OF THE BOARD OF DIRECTORS

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

Release No. 114

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. Candente relies upon litigation protection for forward-looking statements.