Ms. Joanne Freeze reports

CANDENTE GOLD TO EXPLORE NEAR SURFACE DRILL TARGETS

Exploration has begun on near-surface targets on Candente Gold Corp.'s El Oro property. Local geologists will be mapping and sampling to identify potential shallow trench and drill targets.

The company remains committed to pursue drill targets previously developed on the San Rafael vein in the Mexico-Esperanza mine border area where three holes intersected high grades of gold and silver (30.7 grams per tonne (g/t) gold over 1.9 metres, 18.1 g/t gold with 137 g/t silver over 0.4 m and 16.7 g/t gold with 32.5 g/t silver over 1.4 m) in the San Rafael and parallel veins as well as disseminated gold (1.0 g/t gold over 75 m) in the overlying porous tuff horizon and has decided to develop more shallow targets as well.

The first target for current work will be in the Cortaduras area which lies 6.5 kilometres west of the San Rafael vein and five km west of the Veta Verde vein from which eight million ounces gold equivalent (6.4 million ounces gold and 74 million ounces silver) were produced historically in four mines.

The Cortaduras area is one of the few zones in the El Oro camp with extensive highly intensive alteration exposed on surface. Alteration comprises illite-smectite alteration as well as kaolinite and sericite alteration zones. Within this, an extensive quartz-sulphide stockwork zone covers 800 metres in length and 200 metres in width. Trenching and drilling during previous exploration programs have identified significant gold and silver mineralization.

In 1988, Luismin drilled 10 holes totalling 1,926 metres from which assay results included: 0.23 g/t gold with 200 g/t silver over 13.45 m and 15.0 g/t Au with 250 g/t Ag over 1.3 m (from 57.6 to 58.9 m). The best surface trench results to date are 345 g/t silver and 3.7 g/t gold over 1.3 m. Surface samples collected by Candente had higher grades than Luismin, returning 4.5 g/t and 11.8 g/t silver with low silver but elevated mercury of up to 18,000 parts per billion (ppb).

Production records from the Cortaduras area show only limited exploitation (38,000 tonnes grading 3.92 g/t gold and 147 g/t silver) but recent fieldwork and discussions with locals have uncovered additional veins with good low sulphidation vein and breccia textures, some of which have had unreported production.

Mineralization discovered to date at Cortaduras has some similarities to but also varies from that documented in the high production areas. Host rocks include shales as well as premineral tuffaceous rocks. Drilling by Candente in the San Rafael area demonstrated that the higher-grade veins are hosted in the shales and pervasive/disseminated mineralization can occur in the overlying porous tuff units. Candente believes the Cortaduras area has excellent potential but needs to be studied better.

On another matter, the company announces that Kenneth G. Thomas is retiring after a long and distinguished term as director of Candente Gold. "Candente Gold is extremely appreciative for Ken's deep perspective, wise advice and many contributions benefiting the company over the past six years," commented Joanne Freeze, chief executive officer.

The company has appointed Mark Lotz to the board of directors. Mr. Lotz, chief financial officer of Candente Gold, a chartered professional accountant, is a senior executive with extensive experience in public companies, tax and consulting. Formerly a chief executive officer and chief financial officer in the brokerage industry, he also has senior management experience in the mining, manufacturing and digital media sectors. Mr. Lotz has been on the board of and has been a member of the audit committees of Canada Jetlines Corp., Logan Resources Ltd., Commander Resources, African Queen Mines and Sacre-Coeur Minerals. He has served as the chief financial officer of Trackx Holdings Inc. and Prophecy Coal, and currently acts as chief financial officer of Specialty Liquid Transportation and Handa Mining, among others.

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.

Ms. Freeze 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.

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