Cadan Amended Private Placement, Increased to $2,500,000

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES


CADAN RESOURCES CORPORATION (TSX VENTURE:CNF) (the "Company") announced today
that it has amended the proposed private placement previously announced on July
7, 2009 to increase the gross proceeds from $1,500,000 to $2,500,000.


Subject to regulatory acceptance, the Company is arranging a non-brokered
private placement consisting of up to 25,000,000 units of the Company ("Units")
at a price of $0.10 per Unit for gross proceeds of up to $2,500,000. Each Unit
will consist of one common share of the Company and half of one common share
purchase warrant (each whole such warrant, a "Warrant"). Each whole Warrant will
entitle the holder thereof to acquire one common share of the Company for a
period of 24 months at a price of $0.15 per common share.


The gross proceeds from the private placement will be used to advance
development of the T'Boli gold-silver deposit and detailed exploration of
surrounding area, further drilling and leaching analysis of the
Tagpura-Kalamatan porphyry copper-gold property and to provide the Company with
additional working capital.


All securities issued in connection with this financing will be subject to a
four-month hold period.


The Company may pay a finders' fee of up to 5% of the gross proceeds in
connection with a portion of the financing. In addition, finders may also be
granted non-transferable finders' warrants entitling the holder to purchase that
number of shares equal to 10% of the number of Units sold at a price of $0.10
per share for a period of one year after closing.


On behalf of the board of directors,

Brett Taylor, President & CEO

This press release contains forward-looking information within the meaning of
Canadian securities laws. Such information includes, without limitation,
information regarding the closing of the proposed private placement and the
anticipated business and financing plans of the Company. Although the Company
believes that such information is reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking information is typically
identified by words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their nature, refer
to future events. The Company cautions investors that any forward-looking
information provided by the Company are not guarantees of future results or
performance, and that actual results may differ materially from those in forward
looking information as a result of various factors, including, but not limited
to, the state of the financial markets for the Company's equity securities, the
state of the market for gold or other minerals that may be produced generally,
recent market volatility; variations in the nature, quality and quantity of any
mineral deposits that may be located, the Company's ability to obtain any
necessary permits, consents or authorizations required for its activities, to
raise the necessary capital or to be fully able to implement its business
strategies and other risks associated with the exploration and development of
mineral properties. The reader is referred to the Company's most recent annual
and interim Management's Discussion and Analysis for a more complete discussion
of such risk factors and their potential effects, copies of which may be
accessed through the Company's page on SEDAR at www.sedar.com.