Vancouver, British Columbia, October 17th 2005. Candente Resource Corp. (DNT:TSX) is pleased to report that drill holes 05-026 and 05-027 have been completed to depths of 347 metres (m) and 328 m, respectively, at Cañariaco Norte, Northern Peru. Both of these holes intersected significant copper (Cu) mineralization to the bottom of the holes and expand the deposit an additional 100 m to the southeast and 150 m to the west. Drilling is advancing as before on 150 m grid spacings and assays will be reported on a timely basis given that each step out will be expanding the deposit size.
Gold, molybdenum, and silver results have now been received for holes 05-013 to 05-025 and will be reported later this week.
Assay results from drilling this year (holes 05-013 to 05-025) have already shown more than a five fold increase to the size of the deposit by nearly tripling the lateral expression (to 38 hectares) and doubling the vertical extent (to 640 m). Last years drilling, which only covered an area of 14 hectares, delineated an inferred resource of 1.035 B lb copper and 243,000 oz gold.
For more information please refer to: http://www.candente.com/s/PeruProjects_Cañariaco.asp.
Michael J. Casselman, P.Geo., Robert Van Egmond, P.Geo., and Joanne Freeze, P.Geo., are the Qualified Persons for the project as defined by NI 43-101 and have reviewed this news release.
Candente is a diversified copper and gold exploration company focused on increasing shareholder value through discovery. In addition to the Cañariaco Project, Candente has several other gold, copper and silver projects in Peru. Candente subscribes to principles which ensure that its exploration and development activities are beneficial to the local communities.
For further information please contact Candente at:
(604) 689-1957 or toll free 1-877-689-1964
ON BEHALF OF THE BOARD OF DIRECTORS
"Joanne C. Freeze"
Joanne Freeze, P. Geo., President & CEO
Candente Resource Corp.
Release No. 140
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.