Candente Copper Corp.: Canariaco Norte Project Update

Candente Copper Corp. (TSX:DNT)(PINKSHEETS:CCOXF)(LMA:DNT) ("Candente or the
Company") is pleased to advise progress on the Canariaco copper project. 


Drilling which commenced in late December 2012, has progressed very well and
both the exploration and metallurgical components have now been completed. Given
our progress to date and the current global downturn in economic conditions for
mineral exploration and development, the Company is reducing expenditures to a
minimum while we evaluate program results and costs to date. This reduction
includes a temporary suspension of drilling activities, however, Sustainable
Development Programs, Environmental and Social Impact ("EIA") studies and
reforestation including reclamation of drill platforms and other areas impacted
by the drilling program are planned to continue. The Company is firmly committed
to Environmental and Social Responsibility.


Drilling Summary

At Canariaco Sur, ten widely spaced (200 to 300 metres apart) holes confirmed
the presence of a second significant porphyry copper- gold- silver system.
Mineralization at Canariaco Sur extends for a minimum of 700 metres ("m")
north-south and 500m east-west and is open in all directions. Results are
pending from the final two holes (See DNT NR 45, 46, 47 and 49 for previously
reported drilling results). 


The metallurgical drilling program consisting of ten holes was completed in
April and all core is being prepared for transport to Vancouver, B.C., Canada
for testing.


Geotechnical drilling was initiated in April and five holes have been completed
to date. 


Sustainable Development

Candente will continue to support the coffee producing association, APC, as well
as Save the Children. In addition, a new convenio with the foundation SocoDevi,
http://www.socodevi.org has recently been initiated. 


SocoDevi is a network of cooperatives and mutuals whose mission is to use the
cooperative approach as an effective tool for creating, protecting and
distributing socio-economic benefits in developing countries. Candente will
co-finance and extend SocoDevi's Cooperative and Mutual Partnership Program
(CMPP), as a sub-project in the communities and associations of Canaris. The
CMPP is a development program funded by the Canadian International Development
Agency (CIDA) and Socodevi which is being implemented over the next five years
in Peru, Bolivia and Vietnam. 


The program's overall development philosophy for Peru is to support local
(grass-roots) cooperative movements that promote sustainable socio-economic
development. The program in this area will be oriented to increase management
and operational capabilities of community members and their cooperatives. This
will strengthen the community's position and influence in front of government
bodies and civil society in order to access benefits and programs of
development. 


To implement the project, Socodevi will manage the activities jointly with PRO-A
(http://www.ongproa.com ) a locally based NGO, a private company specialized in
forestation projects and carbon credit production (ECOTIERRA
http://www.ecotierra.co/en/) and Candente Copper.


Associations to participate in this program include but are not limited to: 



1.  The Association of Ecological Producers of San Juan Bautista Canaries
    ("APC") (with more than 290 members from 18 communities) 
2.  The Association of Agropequario Producers of the Alto-Andean Zone of
    Canaris ("APAZA") (with more than 270 members from 8 communities) 
3.  The Association of Producers and Conservationists of Atunloma (11
    families from one community) 
4.  The Association of San Jose Carpenters of Canaris (17 members from 13
    communities) 



The coffee producing association, APC, is being supported through activities of
the CMPP with the development of a detailed 3-year business plan, plus an
extensive strategic development plan of 5 years, both of which are to be
presented at the end of May to the Ministry of Agriculture's co-financing
program AgroIdeas (http://www.agroideas.gob.pe/web/?page_id=113).


Save the Children will continue to be supported for a second year with financial
and logistical support for work in the Alto-Andean zone of Canaris through our
program "Healthy Communities with Protected Children and Improved Access to
Health Care and Education".


Roundtable for Development

The Roundtable for Development which was established in January 2013 continues
with meetings held near the beginning of each month (see DNT NR 048). On May 4,
2013, the fifth meeting was held in the village of Marayhuaca.


One of the key objectives of the Roundtable is to provide a venue for community
representatives, regional and central government officials to discuss and
prioritize community development projects to be funded by the central government
under its commitment for an investment of more than 140,000,000 (One hundred
forty million) Peruvian Soles (approximately US$56 Million). These funds will be
directed to projects which address health, education, sanitation, energy, homes,
transport, agriculture, and other needs. 


Candente has offered to support the Development Plans with evaluation and
funding of experts to prepare the technical files and present the projects which
the Central Government will be funding. 


About Candente Copper

Candente Copper's flagship project is the 100% owned, 7.5 billion pound,
Feasibility stage Canariaco Norte Copper Project located in northern Peru's
prolific mining district. The Canariaco Norte deposit contains a Measured and
Indicated resource of 752.4 million tonnes grading 0.49% copper equivalent(i),
and an Inferred Resource of 157.7 million tonnes at 0.44% copper equivalent(i).


Sean Waller, P.Eng., President and Joanne C. Freeze, P.Geo., CEO, are the
Qualified Persons as defined by National Instrument 43-101 for the projects
discussed above. They have reviewed and approved the contents of this release.
(i)The 'Measured and Indicated Resource' listed above consists of Measured
Resources of 338.1Mt at 0.48% Cu, 0.08 g/t Au, and 2.0/t Ag (0.52% Cu Eq.), plus
Indicated Resources of 414.3Mt at 0.43% Cu, 0.06 g/t Au, and 1.8 g/t Ag (o.46%
Cu Eq.). All resources quoted in this release are based on a 0.30% copper
cut-off grade and 229 drill holes completed to March 2008. (i)Copper equivalent
grade including gold and silver, metal recoveries (gold 55%; silver 50%) and
smelter returns (copper 96.5%: gold 93%; silver 90%) applied. Copper grade
equivalent calculation: Cu Eq% =(Cu % + ((Au grade x Au price x Au recovery x Au
smelter return%)+(Ag grade x Ag price x Ag recovery x Ag smelter
return%))/(22.0462 x Cu price x 31.0135 g/t x Cu recovery x Cu smelter return%).
The metal prices used are: copper US$2.50/lb, gold US$1,035/oz and silver
US$17.25/oz.


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 that 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.


On behalf of the Board of Candente Copper Corp. 

Sean Waller, P.Eng., President and Director

NR-050

FOR FURTHER INFORMATION PLEASE CONTACT: 
Walter Spagnuolo
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3


Nataly Reategui
Investor Relations, Peru
tel.: (511) 715-2001 ext 107
nreategui@candente.com
info@candentecopper.com
www.candente.com
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