Ms. Joanne Freeze reports

CANDENTE COPPER COMPLETES PRIVATE PLACEMENT RAISING $1.04M

Candente Copper Corp. has completed its previously announced and oversubscribed non-brokered private placement (see company's news releases No. 094 and No. 095, dated Aug. 24 and 30, 2017) raising $1,042,360.

In closing, the company has issued 11,581,779 units at a price of nine cents per unit. Each unit comprises one common share of the company and one-half of a share purchase warrant, with each whole share purchase warrant being exercisable for two years to purchase an additional common share at a price of 15 cents per share, subject to an acceleration provision. If at any time after Jan. 30, 2018, the company's common shares have a closing price on the Toronto Stock Exchange at or above a price of 30 cents per share for a period of 10 consecutive trading days, the company may give notice by news release that expiration of the warrants will be accelerated to 40 days from the date of providing such notice. All shares will be subject to a four-month hold period.

Joanne C. Freeze, chief executive officer and director, and John Black, director, collectively subscribed for a total of 883,334 units.

The company has relied upon exemptions from the valuation and minority shareholder approval requirements contained in Section 5.5(a) and Section 5.7(1)(a) of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions.

Finders' fees totalling $37,187 were paid with respect to the private placement.

The gross proceeds will be used for working capital and general corporate purposes including community initiatives in Peru.