Cancana Closes on Private Placement

Cancana Resources Corp. (TSX VENTURE:CNY) (the "Company" or "Cancana") has
closed a non-brokered private placement of Units.


Cancana is pleased to announce that it has closed a non-brokered private
placement offering (the "Offering") for aggregate gross proceeds of $632,446 .
The Company issued an aggregate of 3,162,232 units (each a "Unit"), at a price
of $0.20 per Unit. Each Unit consists of one common share of the Company
("Common Share") and one common share purchase warrant (each a "Warrant"). Each
Warrant entitles the holder thereof to acquire one Common Share of the Company
at a price of $0.25 until October 22, 2015.


In connection with the Offering, the Company paid an aggregate amount of $
36,784 in cash finder's fees to certain eligible arm's length person and issued
66,000 non-transferable finder's warrants (the "Finder Warrants") to certain
eligible arm's length person. Each Finder Warrant is exercisable into a Unit at
an exercise price of $0.25 per Unit for a period of twenty-four (24) months from
the closing of the Offering. The Finder Warrants and the securities underlying
the Finder Warrants issuable upon due exercise of the Finder Warrants will all
be subject to a statutory hold period expiring four months and one day from the
closing of the Offering.


Andrew Male, President and CEO of Cancana, commented: "The closing of this
tranche of the private placement continues to validate the market's view of our
business strategy and the future prospects of our operations in Brazil. The
funds will be used to accelerate the construction of Valdirao, the Company's
green-field project which we will be taking into production."


All securities issued pursuant to the Offering, including the Common Shares and
Warrants underlying comprising the Units and, the Common Shares underlying the
Warrants, the Finder Warrants, and the securities underlying the Finder
Warrants, are subject to a four (4) month and one (1) day statutory hold
commencing from closing of the Offering. The Offering is subject to TSX Venture
Exchange acceptance of requisite regulatory filings. The proceeds raised from
the Offering will be used for general working capital.


About Cancana

Cancana is an exploration stage company that is transitioning to production with
assets in Brazil and Canada. The Company has been seeking projects that expand
its resource base and provide for near term production and revenue. All
available resource reports and information on the Company's properties are
located on the Company website: www.cancanacorp.com.


Issued on behalf of the Board of Directors of Cancana Resources Corp.

Andrew Male, President, CEO and Director

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. The information in
this news release may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 and applicable Canadian securities laws. When used in this
release, words such as "estimate", "expect", "anticipate" and "believe" as well
as similar expressions are intended to identify forward-looking statements. Such
statements are used to describe management's future plans, objects, and goals
for the Company and therefore involve inherent risks and uncertainties. The
reader is cautioned that actual results, performance or achievements may be
materially different from those implied or expressed in such statements, which
speak only as of the date, the statements were made. The Company does not update
forward-looking statements continually as conditions change. We seek safe
harbour.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cancana Resources Corp.
Andrew Male
President, CEO and Director
[phone]
[e-mail]
www.cancanacorp.com