Candente Copper Extends Copper Gold Mineralization at Canariaco Sur

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


Hole CS-13-004 was drilled vertically to 411 metres (m) and hole CS-13-005 was
drilled from the same platform as CS-13-004 to 265m at an azimuth of 090 degrees
and inclination of minus (-) 60 degrees. Highlights of these holes include:


CS-13-004: 411.30 metres (m) averaging 0.25% copper equivalent(i) from 0 to
411.30m (0.0.19% copper, 0.08 grams per tonne ("g/t") gold and 1.5 g/t silver).




--  including: 197.30m averaging 0.35% copper equivalent(i) from 214m to
    411.30m (0.26% copper, 0.11 g/t gold and 2.0 g/t silver). 



CS-13-005: 265 (m) averaging 0.19% copper equivalent(i) from 0 to 265m (0.15%
copper, 0.05 g/t gold and 1.1 g/t silver).




--  Including: 37m averaging 0.44% copper equivalent(i) from 178m to 215m
    (0.36% copper, 0.10 g/t gold and 2.1 g/t silver). This intercept occurs
    within a broader intercept of 87m grading 0.30% copper equivalent(i)
    from 178m to 265m (0.25% copper, 0.06 g/t gold and 1.6 g/t silver). 



Drill holes CS-13-004 and 005 were collared approximately 300 m east of drill
hole CS-08-001 and approximately 500m east of hole CS-12-003.


"The second hole of the 2013 drilling program, collared 300 metres east of
CS-08-001, encountered long intersections of copper and gold mineralization,
thereby significantly extending the zone of copper, gold and silver
mineralization at Canariaco Sur. These positive results continue to indicate
that Canariaco Sur has the potential to be a large copper gold porphyry system,"
commented Sean Waller, President of Candente Copper.


Drill hole CS-13-006 has been completed to 409m and drilling is in progress on
hole CS-13-007, currently at 363.80m.CS-13-007 is collared at the same site as
CS-13-007. Results from these holes will be reported as they are received. All
holes completed to date are presented in Table 1 below.




---------------------------------------------------------------------------
Table 1 - Canariaco Sur, Peru: DDH Drilling Summary to February 27, 2013   
---------------------------------------------------------------------------
            Total                                                          
           Length    From       To    Width      Cu      Au      Au   Cu Eq
Hole           (m)     (m)      (m)      (m)     (%)   (g/t)   (g/t)  (i)(%)
---------------------------------------------------------------------------
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          182.00   265.00    83.00    0.25    0.06     1.6    0.31
including          178.00   215.00    37.00    0.36    0.10     2.1    0.44
---------------------------------------------------------------------------



(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).


Hole CS-12-004 and 005 cut various potassic altered porphyritic intrusive and
volcanic host rocks. Oxidation extends to a depth of 50m. Sulphide
mineralization averages 2 to 3% and consists of chalcopyrite, pyrite and lesser
patchy disseminated bornite. Sulphides occur as disseminations and within weak
quartz-sulphide stockwork veining. Of interest are the very low arsenic values
associated with sulphide mineralization, generally averaging much less than 50
parts per million (ppm) over the entire lengths of the holes mentioned above.
Continuity of geology, alteration and grade between all holes drilled to date is
a good indication that Canariaco Sur is shaping into a very robust mineralized
porphyry system. In addition, a recently completed Induced Polarization (IP)
survey over the entire Canariaco Sur area and surroundings indicates that
mineralization encountered at Canariaco Sur is part of a broad greater than 25
millivolt/volt (mV/V) chargeability anomaly. This chargeability anomaly extends
for at least 5 kilometres (km), from Canariaco Norte in the north, southwest
through Canariaco Sur and further southwest to the Quebrada Verde prospect and
indicates potential for the discovery of additional mineralized centres. Limited
soil geochemistry from a 2008 sampling survey also outlines mineralization known
to date at Canariaco Sur as well as the potential to extend mineralization to
the east and west of current drilling.


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-046

FOR FURTHER INFORMATION PLEASE CONTACT: 
Candente Copper Corp.
Walter Spagnuolo
Manager, Investor Relations
Mobile: [phone]
Local: 604-689-1957 ext. 3
[e-mail]


Candente Copper Corp.
Nataly Reategui
Investor Relations, Peru
511-715-2001 ext. 107
[e-mail]
www.candentecopper.com