2003 News

Release No. 70

Candente Resource Corp. - DNT:TSX-Ven (Candente) is pleased to announce that drilling is scheduled to commence this week on the Linear Property in the Botwood Basin, Central Newfoundland. Gold mineralization has been found to date in twelve different showings over a two (2) km strike length and in forms ranging from high grade visible gold in quartz veins and breccia zones to wider zones of silicified sulphidic sedimentary rocks.

The Linear Property lies adjacent to the Mustang Gold trend properties where Barrick Gold and Altius Minerals are currently exploring for sediment hosted (Carlin-Nevada style) gold mineralization. High grade gold values such as 18.46 grams per tonne (gpt) over 8.6 metres (m) in drill core, were obtained by previous parties on the Linear Property; however, their work concentrated more on geophysics and less on geology and did not determine controls to the gold mineralization.

Visible gold was first found in quartz float by prospectors working for Noranda in the Linear area in the late 1980's. A sample from one of the boulders assayed 54.5 ounces per ton (1,744 grams per tonne (gpt)). By the late 1980's, the KriASK Syndicate acquired the property and located visible gold in quartz veining in five areas over a 2 km length on the east side of the Linear.

United Carina Corporation optioned the property from the KriASK Syndicate in April 1999 and carried out line cutting, soil geochemistry, ground geophysics, excavator trenching and diamond drilling. A total of 3647.5 m were drilled in 38 holes. Significant gold mineralization was located both east and west of the Linear on surface and in drill holes. Higher grade drill intersections in four of the surface showings east of the Linear include: Baseline - 8.8 gpt over 4.3 m; Dome - 18.46 gpt over 8.6 m; Road - 15.4 over 2.7 m; and Lotto - 12.6 gpt over 2.4 m. Trenching at the Dome showing exposed gold mineralization grading 93.6 gpt over 1 m, 15.36 gpt over 2.7 m and 42.9 gpt over a 7 m by 10 m area. On the west side of the Linear, disseminated mineralization assays up to 6 gpt gold over 6 m in trenches and 1.1 gpt over 24.5 m in drill core.

Candente optioned the property in April of 2002 and has focused on detailed geological mapping, logging of drill core and petrographic studies. The current drill program has been designed to gain a better understanding of the mineralizing controls by obtaining structural information through a comprehensive oriented core program. A total 1600 m are to be drilled in eight holes. Detailed objectives of the program are:

- To drill-test the down-dip projections of known gold mineralized structures
- To drill-test a series of broad soil anomalies with coincident IP-resistivity anomalies
- To drill-test known gold showings in different orientations

Collectively the holes are targeting highly anomalous trench channel samples and grab samples as follows:


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CHANNELS GRAB SAMPLES
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257.0 gpt gold over 0.7 m 934.0 gpt gold
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723.0 gpt gold over 0.5 m 157.0 gpt gold
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43.0 gpt gold over 10.0 m x 7.0 m 64.0 gpt gold
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3.1 gpt gold over 7.2 m 21.2 gpt gold
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1.4 gpt gold over 5.6 m 18.4 gpt gold
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0.9 gpt gold over 13.0 m 12.4 gpt gold
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18.6 gpt gold over 7.5 m 8.8 gpt gold
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2.8 gpt gold over 5.8 m 6.9 gpt gold
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1.1 gpt gold over 8.0 m
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The Company has an option to earn 100% interest in the property from the KriASK Syndicate of Newfoundland. Option terms include: cash payments totalling Cdn$171,000; issuance of a total of 300,000 common shares; and an aggregate of Cdn$1,000,000 in exploration expenditures over the next five years. The Company has the right to acquire a 100% interest in the property subject to a 2.5% NSR. The NSR may be reduced to 0.5% with the Company making certain payments.

Candente is a junior exploration company focused on the acquisition, exploration and development of world-class gold and copper projects. For more information on our current exploration progress visit www.candente.com and/or call us at (604) 689-1957, toll free 1-877-689-1964 or e-mail to investor@candente.com.

Go to http://www.candente.com/s/NewsReleases.asp?ReportID=48835 to find this News Release on our website.

ON BEHALF OF THE BOARD OF DIRECTORS

"Joanne C. Freeze"
Joanne Freeze, P. Geo., President & CEO
Candente Resource Corp.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.