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File: 2016-05 FINAL- Shares for Debt.pdf

May 5, 2016
NEWS RELEASE                                                                                         Symbol: CXD-TSXV


VANCOUVER, BC - CADAN RESOURCES CORPORATION ("Cadan" or the "Company")
announces that pursuant to its press release of February 23, 2016 whereby the Company undertook
to reduce its creditor debt by offering certain creditors shares in exchange of the debt, Cadan has
reached shares-for-debt settlement agreements for 4,492,500 Units ("Unit") to current creditors of
the Company. Each Unit consists of one common share of the Corporation and one Share Purchase
warrants allowing the holder to convert into one additional common share at a price of $0.10 for up
to 12 months. The Units are being offered at $0.05 per unit to settle dated and outstanding account
payables. The shares-for-debt settlements are subject to the approval of the TSX Venture Exchange
("TSX-V") and will be subject to a 4-month hold period.

The Company further announces that pursuant Debt Facility with ResCap Investments Pty Ltd
(ResCap) (Press release January 11, 2015) the second stage of the financing has been completed
resulting in the issuance of 11,750,000 Share Purchase warrants (the "Warrants") to be issued to
ResCap. Each warrant exercisable into a common share of the Company for a period of 5 year from
the issuance date at an exercise price of $0.065 per share. The new issuance is subject to the
approval of the TSX Venture Exchange (the "TSX-V") and will be subject to a 4 month hold period

For further information visit our website at www.cadanresources.com; email us at
info@cadanresources.com, or contact:


On Behalf of the Board,
Peter Main
President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture
                        Exchange) accepts responsibility for the adequacy or accuracy of this release.




Cadan Resources Corporation               News release                                              Page 1 of 1