Candente Copper Intersects 113.5 metres of 0.42% Copper Equivalent(i) (CuEq) at Cañariaco Sur

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


Hole CS-12-003 was drilled vertically to 528.50 metres (m) and highlights of
this hole include:


CS-12-003: 528.5 metres (m) averaging 0.29% copper equivalent from 0 to 528.50m
(0.24% copper, 0.07 grams per tonne ("g/t") gold and 0.9 g/t silver).




--  including: 113.5m averaging 0.42% copper equivalent from 10.5 to 124.0
    metres (0.35% copper, 0.10 g/t gold and 1.4 g/t silver). This intercept
    occurrs within a longer intercept of 239.5m grading 0.33 % copper
    equivalent from 10.5m to 250m depth (copper 0.27%, gold 0.08 g/t and
    silver 0.9 g/t). 



Results from all holes drilled at Canariaco Sur, including those from a 1999
campaign by Billiton and the 2008 campaign by Candente, are detailed in Table 1
below. 


"We are extremely pleased with the results obtained from the first drill hole of
the 2013 drilling program at Canariaco Sur. CS-12-003 adds to the very positive
results obtained from the two holes Candente Copper drilled at Canariaco Sur in
2008," commented Sean Waller, President of Candente Copper. "These three drill
holes are widely spaced and each hole contains copper and gold mineralization
extending over 500m from surface to the end of the hole, indicating that
Canariaco Sur has the potential to be a very significant system."


Results from hole CS-12-003 are especially encouraging as it was targeted to
test a strong induced polarization ("IP") chargeability anomaly thought to
represent the pyrite halo of a porphyry deposit. This anomaly was initially
identified by a historic geophysical survey and was better defined by a second
recent IP survey which combined with the first survey gives IP coverage to the
entire Canariaco Sur target area. Based on the interpretation of the combined IP
surveys and observations made from hole CS-12-003, the pyrite halo is now
anticipated to be situated 300m to 400m further to the west thus extending
exploration potential in that direction. Sulphide mineralization is first
observed at approximately 40m down hole and occurs both in disseminations and
within quartz and quartz-sulphide veins until the end of the hole. Total
sulphide mineralization content averages approximately 2% and consists of
chalcopyrite, chalcocite, bornite, molybdenite and pyrite. Moderate to strong
potassic and phyllic alteration has mostly obliterated volcanic and various
porphyritic intrusive rock textures. Locally strong quartz-sulphide stockwork
veining is also associated with potassic and phyllic alteration.


Drill holes CS-08-001 and 002, drilled by Candente Copper in 2008 are located
approximately 200m east and 400m northeast, respectively, from hole CS-12-003
and were targeted to verify the results of holes CS-99-001 and CS-99-002 drilled
by Billiton in 1999. The centre of Canariaco Sur is located approximately 1.5
kilometres (km) southwest of the Canariaco Norte deposit (now under feasibility
study). Based on the drilling to date at Canariaco Sur significant copper and
gold mineralization occurs over an area of approximately 500m x 500m and is open
in all directions and at depth.


Drill holes CS-13-004 and 005 have been completed to 411m and 265m, respectively
and drilling has commenced on hole CS-13-006. Results from these holes will be
reported as they are received. All holes completed to date are presented below.




----------------------------------------------------------------------------
Table 1 - Canariaco Sur, Peru: DDH Drilling Summary                         
----------------------------------------------------------------------------
               Total                                                      Cu
              Length    From      To   Width      Cu      Au      Ag   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
----------------------------------------------------------------------------
                                                                            
(i) Copper equivalent grades are based on metal prices of: copper           
US$2.50/lb, gold US$1,035 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).             



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-045 

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


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