Sean brings more than 25 years of mining project evaluation, design and operating experience to lead the Cañariaco feasibility team effective August 18, 2008. Since 2004, he has served in various senior project management and business development capacities at AMEC Americas Limited ("AMEC") based in Vancouver. Most recently, Sean has been managing the front end engineering and design study for a 120,000 tonne per day copper project located in Central America. Among his accomplishments he has managed the completion of several other base and precious metals feasibility and design studies as a consultant at AMEC, Knelson Gravity Solutions, Kilborn Engineering/SNC-Lavalin and Freeport-McMoRan at its Grasberg operation in Indonesia.
In addition, Mark Katsumata has agreed to join Candente as Chief Financial Officer effective immediately, assuming responsibilities from co-founder and past Director, Peter de Visser. Mark is a Certified General Accountant and joins us with twelve years of financial reporting and securities regulatory experience in the natural resource sector. Mark has been with Candente since October 2007 in a consulting capacity and his prior experience within the sector and with publicly traded companies is extensive. Most recently, he was Vice President, Finance for Denison Mines Corp. (formerly, International Uranium Corp.). Over the years, Mark has held senior financial management positions for numerous publicly traded companies involved in precious metals and oil and gas exploration.
"First, I would like to extend our sincere appreciation to Peter de Visser for his assistance and devotion over the past eleven years - Peter has been with Candente since the company was started and has been instrumental throughout our transformation," said Joanne Freeze, President and Chief Executive Officer. "As we advance, we are pleased to be adding both Sean and Mark to our Management team. Sean Waller is a veteran mining industry Engineer with experience working with the public, large corporations and financial institutions. Sean's expertise in planning, design and evaluation will be a significant addition to the Candente team as it progresses the Cañariaco project. We all look forward to Sean joining the team and to benefiting from his experience. During the year since Mark Katsumata joined us, he has contributed in many positive ways because of his great attitude, depth of knowledge and drive - I am glad to see this continuing as we move ahead."
Candente also announces that Thomas R. Rinaldi has tendered his resignation as Vice President Operations due to family and personal reasons, effective August 31, 2008. Tom will relocate with his family to Houston, Texas and remain with Candente as a consultant through the completion of the Preliminary Economic Assessment and certain ongoing feasibility studies. The members of the Board and Management would like to thank Tom for his dedication and contributions to Cañariaco and the Company.
About Candente Resource Corp.
Candente is a diversified exploration company with copper, gold, silver, and zinc projects in Peru and Mexico. The Cañariaco Norte property, a copper deposit located in Northern Peru, is currently in advanced resource definition and Preliminary Economic Assessment stage. Candente's directors and management have a track record in the discovery and development of copper, gold and silver deposits and subscribe to principles which ensure that exploration and development activities are beneficial to the local communities.
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. CAUTIONARY NOTE TO U.S. INVESTORS
We advise U.S. investors that this news release uses terms which are not recognized by the United States Securities and Exchange Commission ("SEC"), including "mineral resources", "measured resources", "indicated resources" and "inferred resources". The estimation of measured and indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that mineral resources in these categories will be converted to reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically mineable, or will be upgraded into measured or indicated mineral resources. U.S. investors are cautioned not to assume that mineral resources in any of these categories will be converted into reserves.
For further information please contact:
W. John DeCooman, Jr.
Vice President Finance and Corporate Development
+1 (917) 402-9416
Email: jdecooman@candente.com
or communications@candente.com
Michelle Roth
Roth Investor Relations
+1 (732) 792-2200
Email: michelleroth@rothir.com
Visit our website at www.candente.com.
Walter Spagnuolo
Formentera Capital Group
+1 (604) 731-8244
Email: walter@formenteracapital.com