Cadan Announces 5:1 Share Consolidation

CADAN RESOURCES CORPORATION (TSX VENTURE:CNF) (the "Company") announces that at
the upcoming General Meeting of the Company's Shareholders scheduled for October
21, 2009 (the "Meeting"), the Board of Directors will ask the shareholders to
approve a five old for one new consolidation of the common shares of the Company
(the "Consolidation").


The Company currently has 168,371,570 common shares issued and outstanding, and,
if the Consolidation is approved, will have approximately 33,674,314 common
shares issued and outstanding.


The Consolidation is subject to shareholder approval, acceptance of the TSX
Venture Exchange and such other regulatory approvals as may be necessary.


Cadan Resources Corporation is a junior exploration company with operations in
the Philippines and Colombia and trades on the TSX Venture Exchange (Canada)
with trading symbol CNF-V.


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 TSX Venture Exchange acceptance and shareholder
approval of the Consolidation. 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.