2007 News

Vancouver, British Columbia, May 14, 2007. Candente Resource Corp. (DNT:TSX) ("Candente") is pleased to report that the Company and their advisors, Standard Bank, have chosen Samuel Engineers (SE) of Denver, Colorado to carry out the Feasibility Study for the Cañariaco Norte Project. Samuel Engineers has extensive experience in feasibility studies, detail design, construction, start-up, troubleshooting and commissioning of SX-EW projects worldwide.

In addition, the aggressive drilling campaign continues and an additional 9,000 metres has been completed since the end of 2006 making the total metreage drilled to date in excess of 35,000 metres in 130 diamond drill holes at Cañariaco Norte. A larger drill with greater depth capacity has been mobilized and is now operating on the project. The new drill replaced one of the smaller units so that two drills are in operation as they have been since early 2006. Drilling in 2007 has focused both on infill drilling in the Starter Pit Zone and increasing the total resource both laterally and vertically. The Starter Pit Zone is expected to be brought up to the Measured Category by the end of June this year. An update on drilling results will be released in the near future.

The current resource (as of December 2006) at Cañariaco Norte is 820 million tonnes (MT) grading 0.45% copper at a cut-off grade of 0.30% copper. Measured and Indicated resource categories make up 78% of the 820 MT. Contained metal in the 820 MT equals 8.1 billion (B) pounds (lb) of copper. Within the 820 MT, a Starter Pit of 107 MT grading 0.60% Cu has been delineated with a strip ratio of 1.3 to 1. A total of 97% of the 107 MT is in the Measured and Indicated categories. Contained metal in the Starter Pit equals 1.4 B lb Copper.* (See News Release dated March 4, 2007)

Preliminary Assessment and Economic Evaluation (PAEE) Results for Starter Pit Alone (See News Release dated April 19, 2007)

The following pre-tax financial highlights were produced in the MineFill financial model:

  • Recovered copper to cathode -- 836 million pounds
  • Net cashflow - US$921.3 million
  • NPV (8%) - US$511.7 million
  • NPV (12%) -- US$388.0 million
  • IRR -- 60.0%
  • A project payback of less than two years

Feasibility Team

Chris Pfalzgraff, SX-EW Process expert and Lead Metallurgical Engineer, is a highly experienced hydrometallurgical professional in the SX-EW technology process from its infancy and is today in the forefront of many innovations and technical advances. Mr. Pfalzgraff has led over 26 SX-EW studies and the design of over 12 SX-EW constructed projects. His support team has been intimately involved in key SX-EW projects such as El Abra (Chile), Punta Del Cobre (Chile), Severo Nickel (Russia), Lisbon Valley (Utah), Monywa Copper (Myanmar).

Gordon Shepherd, Project Manager, brings over 25 years experience in the engineering and construction of mining and metallurgical processing plants. Mr. Shepherd has worked on many projects in Peru, Chile, Greece, USA and Canada including: El Abra Copper - Heap Leach SX-EW, Chile; Yanacocha, Peru - Heap Leach; Barrick Goldstrike, Nevada -- Crushing; Los Pelambres, Chile - Grinding, concentrator; Collahuasi Ujina Rosario, Chile - Grinding.

Leach pad design will be carried out by Tetra Tech MM, Inc. (formerly, Vector Colorado, LLC). Tetra Tech brings an experienced team who have designed in excess of 25 leach pads world wide including Escondida, Chile; Cerro Verde, Peru; Mesquite, California; Round Mountain, Nevada and Barrick Goldstrike, Nevada. In addition, the Tetra Tech team has been involved in the design of several other leach pad projects in both North and South America and Asia. Troy Meyer, Project Manager, Charles Khoury, Lead Design Engineer and Mike Henderson, Senior Design Reviewer are the key personnel for the Cañariaco Norte Leach Pad & Ponds feasibility project.

Dr. W. Joseph Schlitt, Ph.D., P. Eng., of Hydrometal LLC is assisting in developing a comprehensive metallurgical testing program for the project and for ongoing metallurgical consulting. Dr. Schlitt has 40 years experience specializing in Solvent Extraction-Electrowinning (SX-EW), chemical processing, hydrometallurgy, particularly copper heap, dump, bioleaching and in-situ leaching, plus metal value recovery in engineering, process assessment, research and development (R & D), and plant-oriented studies in the nonferrous (copper) industry worldwide. Candente has recently completed the drilling of 12 core holes to be dedicated for metallurgical test work. SGS-Lakefield Minerals Services has been contracted to carry out all necessary test work including leaching tests using bottle rolls and column leach tests, ore characterization and mineralogical analysis of the ore.

MineFill Services, Inc., of Vancouver, British Columbia, Canada, lead by Dr. David Stone, will be responsible for reserve calculations, mine design and geotechnical studies for the pit and processing areas. MineFill Services employs a team of experienced professionals with international expertise in slope stability, geotechnical investigations, reserve calculations and mine design. Clients and projects include: DRC Resources - Afton Copper-Gold Project British Columbia, Canada; Bema Gold Corporation - Julietta Mine Russia; Compañia Minera Volcan - Paragsha (Cerro de Pasco) Peru; AngloGold S.A. - Morro Velho, Brazil.

* Mineral resources, which are not mineral reserves, have not demonstrated economic viability. Candente is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issues which may materially affect its estimate of mineral resources.

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 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 Joanne Freeze in Vancouver at: (604) 689-1957, Toll Free: 1-877-689-1964 or Tom Rinaldi at 604-484-4212 or (511) 222-3603 and 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.