Ms. Joanne Freeze reports

CANDENTE GOLD RATIFIES AGREEMENT WITH EL ORO MUNICIPALITY FOR RE-PROCESSING HISTORIC TAILINGS

Candente Gold Corp.'s Mexican subsidiary, Minera CCM El Oro Jales SA de CV, has renewed the option originally signed in 2013 and both renewed and revised in 2017. This agreement allows the reprocessing of the tailings deposit derived from the Mexico mine, part of the San Rafael vein in the El Oro district. The new tailings agreement signed in 2017 is to be ratified every three years, when the municipality elects a new president and council members. There was no change to any previous terms in the ratified agreement.

The ratified agreement provides Candente Gold with the right to recover all available gold and silver from the tailings deposit and pay to the Municipality of El Oro an 8-per-cent net profits interest. Candente Gold also retains the first $1.5-million (U.S.) from the 8-per-cent NPI payable to the municipality.

The ratified tailings agreement is directly related to a tourism agreement, which allows the Municipality of El Oro to operate tourism activities in part of the San Juan tunnel and the Providencia shaft which are historic workings controlled by Minera CCM SA de CV as part of the El Oro mineral property. The State of Mexico has contributed significant financing of this tourism project which is part of its larger initiative to promote tourism and mining together throughout Mexico.

The Mexico mine tailings are located several kilometres apart from both the San Juan tunnel and Providencia shaft and the tourism activities in these facilities would not impact the development of the tailings.

About Candente Gold Corp.

Candente Gold's flagship asset is El Oro, a district-scale gold project encompassing a well-known prolific high-grade gold dominant silver epithermal vein system in Mexico.

Joanne C. Freeze, PGeo, president, chief executive officer and director, is a qualified person as defined by National Instrument 43-101 for the project discussed above. Ms. Freeze has reviewed and approved the contents of this release.

We seek Safe Harbor.