Vancouver, British Columbia, January 16th, 2007. Candente Resource Corp. (DNT:TSX) is pleased to report that the copper deposit at Cañariaco Norte in Northern Peru has been extended by two hundred metres to the northeast. In addition, the three recent holes in this new area (06-063, 06-071 and 06-073) have intersected high grade zones.
Hole 06-071 intersected 341 meters (m) of 0.53% copper (Cu), including 99 m of 0.70% Cu and hole 06-073 intersected 293 m of 0.53% Cu, including 83 m of 0.87% Cu. Hole 06-063, which was previously released, intersected 34 m of 0.90% Cu within a larger zone of 226 m averaging 0.53% Cu.
Summary of Highlights from Drill Hole Assay Data
Hole No. From To Interval Copper Grade
(m) (m) Meters Feet (%)
06-063 22 226* 204 669 0.53
includes 139 173 34 112 0.90
06-071 23 364* 341 1118 0.53
includes 23 122 99 325 0.70
06-073 58 351* 293 961 0.53
includes 66 149 83 273 0.87
* End of Hole
Complete results, maps, cross-sections and all reports can be viewed at: http://www.candente.com/s/PeruProjects_Canariaco.asp
Robert van Egmond, P.Geo., Manager Exploration Peru and Joanne C. Freeze, P.Geo., President and CEO, are the Qualified Persons as defined by NI 43-101 for the project discussed above and they have read and approved the contents of this release.
Candente is a diversified exploration company with copper, gold, silver, and zinc projects in Peru and Mexico. Candente subscribes to principles, which ensure that its exploration and development activities are beneficial to the local communities.
For further information please contact Kelly Gray at: (604) 689-1957 or toll free 1-877-689-1964; or info@candente.com www.candente.com.
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.