2007 News

Vancouver, British Columbia, February 12th, 2007. Candente Resource Corp. (DNT:TSX) ("Candente") reports that the Canariaco Development Committee has appointed Standard Bank Plc (Standard) as Financial Advisor to assist the in evaluating all project finance opportunities for advancing the Canariaco project through feasibility and into production. Standard will also assist with technical input into the Canariaco feasibility and other project studies.

Standard Bank Plc is a member of the Standard Bank Group (the "Group"), one of the largest South African banking groups ranked by assets and earnings. The Group had total assets of approximately US$131 billion as of June 30, 2006 and more than 40,000 employees worldwide. The Group has representation spanning 39 countries with an emerging markets focus including extensive expertise in South America.

Candente is a diversified exploration company with a leachable copper deposit in Northern Peru and other copper, gold, silver, and zinc projects in Peru and Mexico. Candente subscribes to principles, which ensure that its exploration and development activities are beneficial to the local communities.

For further information please contact Evelyn Cox in Vancouver at: (604) 689-1957 or toll free 1-877-689-1964 or info@candente.com www.candente.com.

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.