Candente Copper Drills 308m at 0.32% Copper Equivalent(i) at Cañariaco Sur

Candente Copper Corp. (TSX:DNT)(PINKSHEETS:CCOXF)(LMA:DNT) ("Candente Copper" or
"the Company") is pleased to report the most recent results from the 2013
drilling program on the Canariaco Sur porphyry copper-gold system. 


Drilling to date at Canariaco Sur has delineated significant copper, gold and
silver mineralization which extends for a minimum of 700 metres ("m")
north-south and 500m east-west and is open in all directions. "Given the grades
encountered to date, the proximity of Canariaco Sur to the Canariaco Norte
deposit, we believe that this porphyry system has the potential to add
significantly to the value of the Canariaco project," comments Joanne Freeze,
CEO Candente Copper.


Drill hole CS-13-008 intersected 308.00 metres (m) averaging 0.32% copper
equivalent(i) from 8.00m to 316.00m (0.27% copper, 0.06 g/t gold and 0.08 g/t
silver) including 144.80m averaging 0.36% copper equivalent(i) from 8.00m to
152.80m (0.32% Cu, 0.06 g/t gold and 0.09 g/t silver), and 74.5m averaging 0.43%
copper equivalent(i) from 241.50m to 316.00m (0.36% copper, 0.10 g/t gold and
1.10 g/t silver). 


Drill hole CS-13-009 intersected 115.50m averaging 0.36% copper equivalent(i)
from 9.50m to 125.00m (0.31% copper, 0.06 g/t gold and 1.2 g/t silver) within a
larger interval of 289.20m averaging 0.22% copper equivalent(i) from 0.00m to
289.20m (0.19% copper, 0.04 g/t gold and 0.7 g/t Ag).


Drill hole CS-13-010 drilled to 425.75m  intersected weakly mineralized copper
and gold along the entire length of the hole. This intersection may indicate the
eastern flank of the copper-gold porphyry system at Canariaco Sur however, soil
geochemistry and geophysics indicates the system could extend further to the
east.


Drill holes CS-13-008 and 009 were collared from the same platform,
approximately 250m south of holes CS-13-004 and 005 (see DNT NR46 dated February
28, 2013) and approximately 450m south of drill holes CS-13-006 and 007 (see DNT
NR47 dated April 8, 2013). Hole CS-13-010 was collared approximately 300m
northeast of holes CS-13-008 and 009. 


Hole CS-13-008 was drilled to 525.65m at an azimuth of 180 degrees and
inclination of minus (-) 60 degrees. Hole CS-13-009 was drilled to 289.20m, at
an azimuth of 090 degrees and inclination of -60 degrees. Hole CS-13-010 was
drilled to 424.75m at and azimuth of 090 degrees and inclination of -65 degrees.


The final two drill holes of the 2013 Canariaco Sur drilling program, CS-13-011
and 012, have been completed to depths of 451.10m and 400.45m, respectively.
These holes are located approximately 600m northwest of holes CS-13-008 and 009
and results will be reported once they are received. Summary results from all
holes completed to date are presented in Table 1 below.




----------------------------------------------------------------------------
Table 1 - Canariaco Sur, Peru: DDH Drilling Summary to May 2, 2013          
----------------------------------------------------------------------------
              Total                                                         
             Length    From      To   Width      Cu      Au      Ag Cu Eq(i)
Hole            (m)     (m)     (m)     (m)     (%)   (g/t)   (g/t)      (%)
----------------------------------------------------------------------------
CS-99-001    170.50    0.00  170.50  170.50    0.26    0.16      na     0.36
including             74.00  126.55   52.55    0.40    0.30      na     0.58
----------------------------------------------------------------------------
CS-99-002    149.50    0.00  149.50  149.50    0.33    0.08      na     0.38
including             24.00  130.50  106.50    0.40    0.09      na     0.46
----------------------------------------------------------------------------
CS-99-03     152.50    0.00  152.50  152.50    0.08    0.03      na     0.09
----------------------------------------------------------------------------
CS-08-001    534.85    0.00  534.85  534.85    0.27    0.11     1.2     0.35
including            146.00  534.85  388.85    0.34    0.14     1.4     0.44
----------------------------------------------------------------------------
CS-08-002    505.75    0.00  505.75  505.75    0.25    0.09     1.5     0.32
including             69.00  290.00  221.00    0.39    0.13     1.5     0.48
----------------------------------------------------------------------------
CS-12-003    528.50    0.00  528.50  528.50    0.24    0.07     0.9     0.29
including             10.50  250.00  239.50    0.27    0.08     0.9     0.33
including             10.50  124.00  113.50    0.35    0.10     1.4     0.42
----------------------------------------------------------------------------
CS-13-004    411.30    0.00  411.30  411.30    0.19    0.08     1.5     0.25
including            214.00  411.30  197.30    0.26    0.11     2.0     0.35
----------------------------------------------------------------------------
CS-13-005    265.00    0.00  265.00  265.00    0.15    0.05     1.1     0.19
including            178.00  265.00   87.00    0.25    0.06     1.6     0.30
including            178.00  215.00   37.00    0.36    0.10     2.1     0.44
----------------------------------------------------------------------------
CS-13-006    409.20    0.00  409.20  409.20    0.23    0.10     1.7     0.30
including             42.00  267.00  225.00    0.32    0.13     1.9     0.42
----------------------------------------------------------------------------
CS-13-007    500.00    0.00  500.00  500.00    0.11    0.04     1.5     0.15
including            143.00  250.00  107.00    0.22    0.06     1.7     0.28
including            203.75  250.00   46.25    0.33    0.09     2.2     0.41
----------------------------------------------------------------------------
CS-13-008    525.65    0.00  525.65  525.65    0.21    0.05     0.6     0.25
including              8.00  316.00  308.00    0.27    0.06     0.8     0.32
including              8.00  152.80  144.80    0.32    0.06     0.9     0.36
including            241.50  316.00   74.50    0.36    0.10     1.1     0.43
----------------------------------------------------------------------------
CS-13-009    289.20    0.00  289.20  289.20    0.19    0.04     0.8     0.22
including              9.50  125.00  115.50    0.31    0.06     1.2     0.36
----------------------------------------------------------------------------
CS-13-010    424.75    0.00  424.75  424.75    0.06    0.02     0.7     0.08
including            137.00  211.00   74.00    0.12    0.02     0.7     0.14
----------------------------------------------------------------------------
CS-13-011    451.10                                 results pending         
----------------------------------------------------------------------------
CS-13-012    400.45                                 results pending         
----------------------------------------------------------------------------
(i) Copper equivalent grades are based on metal prices of: copper           
US$2.50/lb, gold US$1035 per oz and silver US$17.25 per oz. Metal recoveries
have not been applied in the copper equivalent calculation. The copper      
equivalent calculation is as follows; Cu Eq = Cu grade + (Au grade x Au     
price + Ag grade x Au price)/(22.0462 x 31.1035 x Cu price).                



Holes CS-13-008 and 009 cut similar copper equivalent(i) grades in the upper
100m to 15om. In addition, both holes cut various porphyritic intrusives and
volcanic host rocks that are potassic altered with a minor phyllic overprint
associated with quartz-sulphide veins. Though total sulphides average less than
2-3% for both holes, grades greater than 0.3% copper equivalent(i) persist in
hole CS-13-008 due to the intensity of potassic alteration and associated
mineralization. Hole CS-13-009 drilled out of weak to moderate potassic
alteration into propylitic alteration by approximately 150m with a resultant
drop in copper and gold grades with depth. Hole CS-13-010, drilled 300m
northeast of holes CS-13-008 and 009, cut weak potassic alteration overprinting
dominant propylitic alteration, possibly indicating the eastern edge of
significant copper and gold mineralization at Canariaco Sur. Sulphides in this
hole averaged 1-2%, consisting mostly of pyrite, with resulting copper
equivalent(i) values mostly less than 0.1%. 


Arsenic values associated with sulphide mineralization in holes CS-13-008, 009
and 010 average less than 20 parts per million (ppm) over the entire hole
intervals as shown in Table 1. This low arsenic mineralization is consistent
with other holes drilled at Canariaco Sur to date.


Sample Preparation and Analysis

A summary drill log, or "quick log", of the hole was made on site. Drill core
was then transported offsite to the Company's core logging and storage facility
where the core was logged in detail, split by rock saw and sampled for
geochemical analyses. Core samples were bagged, sealed and sent to ALS Chemex
labs in Lima, Peru. Samples received by the lab were weighed, dried and finely
crushed to more than 70% of the sample passing a 2 millimetre (mm) screen. From
this crushed material a 250 gram (g) sample is taken and pulverized to more than
85% of the sample passing a 75 micron screen. Base metals are analysed by
conventional Inductively Coupled Plasma - Atomic Emission Spectroscopy (ICP-AES)
multi-element analysis. Gold analysis is by fire assay with an atomic absorption
finish.


About Candente Copper

Candente Copper's flagship project is the 100% owned, 7.5 billion pound,
Feasibility stage Canariaco Norte Copper Project located in northern Peru's
prolific mining district. The Canariaco Norte deposit contains a Measured and
Indicated resource of 752.4 million tonnes grading 0.49% copper equivalent(ii),
and an Inferred Resource of 157.7 million tonnes at 0.44% copper equivalent(ii).


Sean Waller, P.Eng., President and Joanne C. Freeze, P.Geo., CEO, are the
Qualified Persons as defined by National Instrument 43-101 for the projects
discussed above. They have reviewed and approved the contents of this release.


(ii) The 'Measured and Indicated Resource' listed above consists of Measured
Resources of 338.1Mt at 0.48% Cu, 0.08 g/t Au, and 2.0/t Ag (0.52% Cu Eq.), plus
Indicated Resources of 414.3Mt at 0.43% Cu, 0.06 g/t Au, and 1.8 g/t Ag (o.46%
Cu Eq.). All resources quoted in this release are based on a 0.30% copper
cut-off grade and 229 drill holes completed to March 2008. Copper equivalent(ii)
grade including gold and silver, metal recoveries (gold 55%; silver 50%) and
smelter returns (copper 96.5%: gold 93%; silver 90%) applied. Copper grade
equivalent calculation: Cu Eq% =(Cu % + ((Au grade x Au price x Au recovery x Au
smelter return%)+(Ag grade x Ag price x Ag recovery x Ag smelter
return%))/(22.0462 x Cu price x 31.0135 g/t x Cu recovery x Cu smelter return%).
The metal prices used are: copper US$2.50/lb, gold US$1,035/oz and silver
US$17.25/oz.


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. Candente relies upon litigation protection for forward-looking
statements.


CAUTIONARY NOTE TO U.S. INVESTORS

We advise U.S. investors that this news release uses terms that are not
recognized by the United States Securities and Exchange Commission ("SEC"),
including "mineral resources", "measured resources", "indicated resources" and
"inferred resources". The estimation of measured and indicated resources
involves greater uncertainty as to their existence and economic feasibility than
the estimation of proven and probable reserves. U.S. investors are cautioned not
to assume that mineral resources in these categories will be converted to
reserves. The estimation of inferred resources involves far greater uncertainty
as to their existence and economic viability than the estimation of other
categories of resources. U.S. investors are cautioned not to assume that
estimates of inferred mineral resources exist, are economically mineable, or
will be upgraded into measured or indicated mineral resources. U.S. investors
are cautioned not to assume that mineral resources in any of these categories
will be converted into reserves.


On behalf of the Board of Candente Copper Corp. 

Sean Waller, P.Eng., President and Director

NR-049 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Candente Copper Corp.
Walter Spagnuolo
Manager, Investor Relations
+ 1 [phone] ext 3 or Mobile: [phone]
[e-mail]


Candente Copper Corp.
Nataly Reategui
Investor Relations, Peru
[phone] ext 107
[e-mail]
www.candentecopper.com