2004 News

Vancouver, British Columbia, November 17, 2004. Candente Resource Corp. (DNT:TSX-V) is pleased to announce the appointment of Dr. Peter Megaw, C.P.G. as an independent director to its Board.

Dr. Peter Megaw, a Certified Professional Geologist by the American Institute of Professional Geologists and Arizona Registered Geologists, is a well-known mining industry professional and is one of four founding principals of IMDEX Inc./Minera Cascabel, S.A. de C.V., the largest geotechnical consulting firm operating in Mexico. Dr. Megaw has been instrumental in the discovery of several million ounces of silver including new orebodies in existing mines, Excellon Resources' Platosa Mine and MAG Silver's Fresnillo, Batopilas and Santa Eulalia Properties. Peter is the author of numerous scientific publications on ore deposits and is a frequent speaker at international exploration conferences. Dr. Megaw commented that joining Candente is "An excellent opportunity to contribute to discovery with a remarkably well-integrated exploration team, several of whom I have wanted to work with for many years. I am especially looking forward to applying some exploration perspectives developed in my usual stomping grounds in the North American Cordillera to new parts of the world."

Mr. James Currie, P.Eng. was also recently appointed to Candente's Board as a director. Due to his involvement as a consultant on the Cañariaco project, Mr. Currie is not considered to be independent. Candente's two independent directors are Dr. Peter Megaw and Larry Kornze, P.Eng.

On another matter, as part of the Company's application to list its shares on The Toronto Stock Exchange, the Board of Directors approved an amended and restated Stock Option Plan (the "Amended Plan"). The Amended Plan increases the number of common shares reserved for issuance on the exercise of incentive stock options to 7,210,540 common shares, including any common shares to be issued on the exercise of previously granted incentive stock options. The Company will submit the Amended Plan to its shareholders for approval at the next Annual General Meeting in accordance with the policies of the Exchange. The Company has filed the Amended Plan with the Exchange and obtained the Exchange's approval subject to receipt of shareholder approval. The Company will not issue any common shares in excess of the remaining balance of the reserve of 5,557,264 common shares under the original Stock Option Plan until shareholder approval of the Amended plan is obtained.

Candente is a well-funded mineral exploration company focused on the acquisition and exploration 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. 116

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.