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November 18, 2013	                                                                                           Symbol: C
--->XD-TSXV
NEWS RELEASE	                					                     Frankfurt: RFU1

CADAN ANNOUNCES NEW TERMS TO 
REFINANCING OF CONVERTIBLE DEBENTURES

VANCOUVER, BC - CADAN RESOURCES CORPORATION ("Cadan" or the "Company") announces that further to its news release date
--->d November 12, 2013, that it is proceeding with a refinancing of convertible debentures totaling a total of $3,637,661
---> of principal and interest that were due in June of 2013.  Of that amount, a total of $1,091,299 (being 30% of the amo
--->unt owed) will be settled by way of shares for debt transaction under the TSXV policies by way of the issuance of 21,8
--->25,980 shares and 13,641,238 warrants.  The remaining $2,546,362 will be applied to a new private placement of convert
--->ible debentures expiring June 1, 2014, convertible at the rate of $0.08 per share for up to 31,829,526 shares.  In con
--->nection with the convertible debentures, the company will issue 31,829,526 detached warrants.  The warrants issuable p
--->ursuant to the both refinancing transactions will each be exercisable into a common share of the Company at a price of
---> $0.08 per share until June 1, 2015.  

All of the above securities are subject to a four month hold period under Canadian securities laws.

Closing of the private placement is subject to approval by the TSX Venture Exchange.
  
For further information visit our website at www.cadanresources.com; email us at info@cadanresources.com, or contact:

Robert Butchart					 
President / CEO					 
Email: butch@cadanresources.com 		 



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.