DNT Candente Copper Corp

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED
STATES


Candente Copper Corp. (TSX:DNT)(BVLAC:DNT) ("Candente" or the "Company")

Further to its press releases of January 26 and 27, 2011, Candente is pleased to
announce that it has closed its financing by way of a bought deal private
placement (the "Bought Deal Offering") with a syndicate of underwriters led by
Dundee Securities Ltd. and Scotia Capital Inc., as lead underwriters, and
including Raymond James Ltd., Wellington West Capital Markets Inc. and Stonecap
Securities Inc. (collectively the "Underwriters") for total gross proceeds of
$26,969,800, inclusive of the proceeds from the full exercise of the
over-allotment option granted to the Underwriters. The Company issued an
aggregate of 13,156,000 common shares in the capital of the Company (the
"Shares") at a purchase price of $2.05 per Share. In addition to the Bought Deal
Offering, the Company has completed a non-brokered private placement issuing
1,563,415 Shares at a price per Share of $2.05 for gross proceeds of
$3,205,000.75 (the "Non-Brokered Offering").


In consideration for its services with respect to the closing of the Bought Deal
Offering, the Underwriters received a cash commission equal to 5% of the gross
proceeds of the sale of Shares in the Bought Deal Offering. In consideration for
its services with respect to the closing of the Non-Brokered Offering, Kallpa
Securities Sociedad Agente de Bolsa of Peru received a cash commission equal to
5% of the gross proceeds of the sale of Shares in the Non-Brokered Offering.


The net proceeds of the Bought Deal Offering and Non-Brokered Offering will be
used for the advancement of the Canariaco Norte copper project, exploration, and
general corporate purposes. The securities issued under the offerings are
subject to a four month hold period in Canada.


About Candente Copper Corp.

Candente Copper Corp. is a TSX listed mining company focused on exploration and
development of base metal mining projects in Peru and Latin America. Candente's
flagship project is the 100% owned Canariaco Norte project located in northern
Peru's prolific mining district.


The Pre-Feasibility Progress Report recently completed on Canariaco Norte by
AMEC Americas Ltd. concludes that with a projected annual production of 262
million pounds of copper, 39,000 ounces of gold, and 911,000 ounces of silver
over a mine life of 22 years, the Canariaco Norte project has an after tax Net
Present Value of US$960 million, and after tax Internal Rate of Return of 17.7%
using a long term copper price reverting to US$2.25/lb and a discount rate of
8%. The key parameters of the Pre-Feasibility Progress Report are set out in
Candente's news release dated January 18, 2011 (New Release 014).


On behalf of the Board of Candente Copper Corp.

Joanne C. Freeze P.Geo., CEO & Director

CAUTIONARY NOTE TO U.S. INVESTORS

We advise U.S. investors of 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.


Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking
information (collectively, "forward-looking statements") within the meaning of
applicable Canadian and US securities legislation. All statements, other than
statements of historical fact, included herein including, without limitation,
statements regarding the proposed use of the proceeds of the Bought Deal
Offering and the Non-Brokered Offering, timing and content of upcoming work
programs, geological interpretations, receipt of property titles, potential
mineral recovery processes, etc are forward-looking statements. Although the
Company believes that such statements are reasonable, it can give no assurance
that such expectations will prove to be correct. Forward-looking statements are
typically identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that any
forward-looking statements by the Company are not guarantees of future results
or performance, and that actual results may differ materially from those in
forward-looking statements as a result of various factors, including, but not
limited to, those risks and uncertainties disclosed in the Company's latest
interim Management Discussion and Analysis filed with certain securities
commissions in Canada and other information released by the Company and filed
with the appropriate regulatory agencies. All of the Company's Canadian public
disclosure filings may be accessed via www.sedar.com and readers are urged to
review these materials, including the technical reports filed with respect to
the Company's mineral properties.

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