Government of Peru Commits US$56 M for Development in Districts of Kanaris, Salas and Incahuasi

Candente Copper Corp. (TSX:DNT)(PINKSHEETS:CCOXF)(LMA:DNT) ("Candente Copper" or
"the Company") is pleased to report that the Government of Peru through
Development for the districts of Kanaris, Incahuasi and Salas, Ferrenafe
Province, Lambayeque Region, has committed to an investment of more than
140,000,000 (One hundred forty million) Peruvian Soles (approximately US$56
Million). These funds will be directed to projects, which address health,
education, sanitation, energy, homes, transport, agriculture, and other needs. 


This is an increase from the 100,000,000 (100 million) soles originally
committed for investment in development at the second Roundtable meeting in
February this year.  


Roundtable meetings which were initiated by the National Dialogue Office of the
Presidency of the Council of Ministers ("PCM") and the Ministry of Energy and
Mines ("MINEM") in January 2013 (see NR 044 January 23, 2013) are held monthly
and include Regional and local governments, community leaders and other
institutions. 


Participants



1.  Coffee Producers Association Community Kanaris 
2.  Kanaris Defense Front Association 
3.  Special Committee of Landholders - San Juan de Kanaris 
4.  Board of Irrigation Users Motupe 
5.  Rural Community of the District of Incahuasi 
6.  Regional Government of Lambayeque 
7.  District Municipalities of Incahuasi, Salas and Kanaris 
8.  Canariaco Copper Peru S.A. subsidiary of Candente Copper Corp. 
9.  Association of Engineers of Lambayeque 
10. Association of Economists of Lambayeque 
11. Presidency of the Council of Ministers - (PCM) 
12. Ministry of Energy and Mines - (MEM) 
13. Ministry of Environment - (MINAM) 
14. Ministry of Health - (MINSA) 
15. Ministry of Transport and Communications 
16. Ministry of Economy and Finance - (MEF) 
17. Ministry of Culture 
18. National Water Authority - (ANA - MINAG) 



Two subcommittees, of the Roundtable have been formed to address:



1.  Social Development 
2.  Mining and Environment 



Candente is very pleased to have been invited by Ministerial Resolution No.
034-2013-PCM to participate in both sub-committees.


Sub-Committee - Development Plans 

The Development subcommittee reviews projects proposed by the three
participating municipalities which are according to their citizens needs.
Participating ministries also resent their existing programs of intervention in
the province, and what their respective ministries could bring to Kanaris to
support development.


During the fourth Roundtable meeting on April 6, 2013, a matrix of 49 projects
was approved. Projects approved to date include: health centres, water
reservoirs, irrigation systems, roads, drinking water, communication,
improvement of education infrastructure, electrification and others.


Peruvian laws require a strict process by which experts must put together
technical files and present the proposed projects. Within its Social
Responsibility policy and practices, Candente Copper, has offered to support the
Development Plans with both the evaluation and funding of experts to prepare the
technical files and present the projects which the Central Government will be
funding. This is a key role due to the importance of these projects and the
level of professionals and funds that will be necessary to develop them. 


Sub-Committee - Mining and Environment

The Mining and Environment sub-committee is tasked with explaining to citizens
how the environment is being and will be protected by responsible mining
practices.


The Ministry of Energy and Mines, conducts informative workshops on current
mining and environmental procedures throughout the local community as well as
other areas of direct influence of the Canariaco project.


The National Water Authority (ANA), has provided detailed technical information
to the community on the exploration activities at Canariaco with respect to
water and shown that the there are no discharges and that the water is unchanged
from its natural quality and quantity thus ruling out the possibility of
contamination in rivers and tributaries of the area by the Company's activities.


During the third meeting, Candente Copper requested the implementation of a
monitoring committee of water quality as a collaboration among the Peruvian
government (through their agencies), the mining company, and participation of
community members in the district. This is to allow continuous monitoring and
transparency of water quality of the Canariaco River basin. This monitoring
committee will allow interested parties to verify the reliability and
transparency of the results, in terms of quality and quantity of groundwater. 


Also on the agenda of the recent Roundtable meetings were presentations
regarding the two community meetings held in 2012, one on July 8 and another on
September 30 both of which were called to vote on the Company's activities in
the area. In the July 8 meeting the Company was granted surface access for three
years to conduct exploration activities including drilling whereas in the
September 30 meeting the stated result was to oppose mining. The two parties in
charge of these meetings were requested to explain the validity of such meetings
and to provide all legal documents for such. The July 8 team was prepared and
ready to present its information at both the third and fourth meetings, however,
the September 30 group chose not to present its documentation at the third
meeting and not to attend the fourth meeting, therefor this item has been
postponed until the next meeting.


Government officials have commented that they consider the Roundtable and
Sub-committee meetings have been very productive as they have allowed the
concerns and needs of the population of Kanaris to be heard. In addition
excellent progress has been made in the sub-committees and there have been
productive proposals by the Executive and the Regional Government of Lambayeque
(GRL)(i). 


(i) Press releases published on the websites of PCM and MINEM.

PCM. News Release on the results of the third Round Table in Huacapampa, March
2nd 2013. 

http://www.pcm.gob.pe/noticias/ana-descarta-contaminacion-en-kanaris/

PCM. News Release on the results of the fourth round table in Kanaris, April 6th
2013 

http://www.pcm.gob.pe/noticias/mas-de-s-140-millones-invertira-ejecutivo-en-kanaris/

MINEM. News Release on the results of the fourth round table in Kanaris, April
6th, 2013 

http://www.minem.gob.pe/descripcion.php?idSector=1&idTitular=5384

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% CuEq), plus
Indicated Resources of 414.3Mt at 0.43% Cu, 0.06 g/t Au, and 1.8 g/t Ag (o.46%
CuEq). 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: CuEq% =(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-048

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


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