Candente Copper Increases Previously Announced Bought Deal to $26 Million

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED
STATES


Candente Copper Corp. (TSX:DNT)(BVLAC:DNT) ("Candente" or the "Company") is
pleased to announce that it has amended the terms of the previously announced
bought deal financing to increase the size of the offering from $20,090,000 to
$26,240,000. Candente has entered into an amendment agreement with a syndicate
of underwriters led by Dundee Securities Corporation and Scotia Capital Inc., as
lead underwriters on behalf of a syndicate of underwriters including Raymond
James Ltd., Wellington West Capital Markets Inc. and Stonecap Securities Inc.
(collectively the "Underwriters"), whereby the Underwriters have agreed to
purchase, on a bought deal basis, 12,800,000 common shares (the "Shares") of
Candente at a purchase price of $2.05 per Share (the "Amended Offering").


In addition, Candente has amended the term of the option granted to the
Underwriters whereby they may now purchase up to an additional 1,920,000 Shares
(representing 15% of the Amended Offering). Such option is exercisable at any
time up to 48 hours prior to the closing of the Amended Offering. If the
over-allotment option is exercised in full, the aggregate gross proceeds raised
of the Amended Offering will be $30,176,000.


The Amended Offering is expected to close on or about February 17, 2011 and is
subject to the approval of the Toronto Stock Exchange. The Shares issued under
the Amended Offering will be subject to a hold period in Canada which will run
until the day that is four months and one day after the date of the closing of
the Amended Offering.


The net proceeds of the Amended Offering will be used for the advancement of the
Canariaco Norte copper project, exploration, and general corporate purposes. 


About Candente Copper Corp.

Candente Copper Corp. is a TSX and BVL listed mining company focused on
exploration and development of base metal mining projects in Peru and Latin
America. Candente Copper's flagship project is the 100% owned Canariaco Norte
copper project located in northern Peru's prolific mining district.


The Pre-Feasibility Progress Report recently completed on Canariaco Norte by
AMEC Americas Ltd concludes that with a projected annual production of 262
million pounds of copper, 39,000 ounces of gold, and 911,000 ounces of silver
over a mine life of 22 years, the Canariaco Norte project has an after tax Net
Present Value of US$960M, and after tax Internal Rate of Return of 17.7% using a
long term copper price reverting to US$2.25/lb and a discount rate of 8%. The
key parameters of the Pre-Feasibility Progress Report are set out in Candente
Copper's news release dated January 18, 2011 (New Release 014).


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 of 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.

Joanne C. Freeze P.Geo., CEO & Director