2004 News

Vancouver, British Columbia, October 21st, 2004. Candente Resource Corp. - DNT:TSX-V ("Candente") is pleased to report analytical results have been received for the first two holes of a twelve hole core drilling program totalling approximately 2500 metres on its 100% owned Cañariaco copper project in Northern Peru.

Drill hole (DDH) 04-001 was drilled vertically to a depth of 300 metres (m) and DDH-04-002 was also drilled vertically to depth of 248 m. The two holes are 100 metres apart and are part of a systematic drilling grid with 100 metres centres. A map showing drill hole locations is posted on the Company's website at:
http://www.candente.com/i/maps/cangeology.gif

The following are summaries of the assays for the two holes:

  From To Interval Copper
Hole No. (m) (m) meters (feet) (total) %
04-001 66 300* 234 (768) 0.71
Includes 66 162 96 (315) 1.00
04-002 60 248* 188 (617) 0.68
Includes 60 102 42 (138) 0.80
*Both holes bottomed in mineralization, 
 DDH-4-001 grading 0.54% and 
 DDH-04-002 grading 0.75%, respectively. 

Mineralization and grades encountered in the reported drill holes are consistent with those seen in large porphyry copper systems. The mineralization remains open at depth and on all sides. Additional assay results will be reported once received and compiled. Initial microscopic analysis of drill core indicates the main copper minerals to be chalcocite, chalcopyrite, covellite and bornite.

All core from drilling is being cut in half with a diamond saw and sampled at two metre intervals on the property. One half of the split core is collected by Candente's Peruvian geologists in accordance with industry standards and is being submitted to Actlabs in Lima, Peru. Total copper, acid soluble copper and cyanide soluble copper analyses were carried out by a sequential leach procedure in Actlabs laboratory in Lima. An additional 36 elements were analysed for using Inductively Coupled Plasma (ICP) in Actlabs laboratory in Ancaster, Ontario, Canada. Quality Assurance and Quality Control, including the use of sample standards, blanks and duplicates as well as chain of custody is monitored by Candente. Mike Casselman, M.Sc., P.Geo., General Manager Exploration and Director of Candente and James Currie, P.Eng., Independent Director of Candente are the qualified persons as defined by NI 43-101 for the Cañariaco project and have verified the information contained in this release.

Candente is a well-funded mineral exploration company focused on the acquisition and exploration of gold and copper projects with world-class potential. Management has a strong geological/technical focus and a track record of discovering world-class mineral deposits. Candente subscribes to principles, which ensure that its exploration and development activities are beneficial to the local communities. For more information visit www.candente.com, call us at (604) 689-1957, toll free 1-877-689-1964 or e-mail to info@candente.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Joanne C. Freeze"

Joanne Freeze, P. Geo., President & CEO
Candente Resource Corp.
Release No. 103

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. Candente relies upon litigation protection for forward-looking statements.