2007 News

Vancouver, British Columbia, May 16, 2007. Candente Resource Corp. (DNT:TSX) "Candente" announces its First Quarter results for the period ended March 31, 2007. All amounts in this release are in U.S. dollars unless otherwise stated.

Candente Resource Corp. has incurred a total of US$2,667,430 on its mineral properties, of which US$2,043,260 was spent on its Cañariaco Property. To date a total of US$8,398,107 has been spent on the Cañariaco Property.

The Company received additional funding of Cdn$2,619,904 from the exercise 295,000 common share options at prices ranging from Cdn$0.23 to Cdn$0.85 and the exercise of 1,913,813 warrants at Cdn$1.25.

The Net Loss for the year totalled ($397,203), or ($0.01) per share, compared to a loss of ($620,949), or ($0.01) per share in 2006.

The Company has a stock option plan: As at May 2, 2007 there were 7,148,500 stock options outstanding, of which 5,420,688 have vested and are "in the money". These options are potentially exercisable to generate $3,654,097 in additional funding.

The Company has a total of 1,500,000 warrants exercisable at Cdn$1.65 and will expire on December 7, 2007.

The Financial Statements and Management Discussion and Analysis are available on the Company website www.candente.com.

Candente is a diversified copper and gold exploration company focused on increasing shareholder value through discovery. Candente has an advanced exploration stage leachable copper project, Cañariaco, and 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 Joanne Freeze or Neil Currie at: (604) 689-1957 or toll free 1-877-689-1964; or info@candente.com www.candente.com

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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.