CNF Cadan Resources Old (Tier2)

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES.


CADAN RESOURCES CORPORATION (the "Company") (TSX VENTURE:CNF) is pleased to
announce that it has closed the second and final tranche of its non-brokered
private placement originally announced on February 12, 2009. The Company sold
3,556,667 common shares in the capital of the Company ("Shares") in the second
tranche at a price of $0.06 per Share for gross proceeds of $213,400. The
Company sold in both tranches a total of 15,635,982 Shares for gross proceeds of
$938,159.


All securities issued pursuant to the second tranche bear a four month hold
period expiring on September 22, 2009.


The gross proceeds from the private placement will be used to advance
development of the T'Boli gold-silver deposit and detailed exploration of
surrounding area, further drilling and leaching analysis of the
Tagpura-Kalamatan porphyry copper-gold property and to provide the Company with
additional working capital.


On behalf of the board of directors,

Brett Taylor, President & CEO

This press release contains forward-looking information within the meaning of
Canadian securities laws. Such information includes, without limitation,
information regarding the anticipated business and financing plans of the
Company. Although the Company believes that such information is reasonable, it
can give no assurance that such expectations will prove to be correct.
Forward-looking information is 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 information provided by the Company is not a
guarantee of future results or performance, and that actual results may differ
materially from those in forward looking information as a result of various
factors, including, but not limited to, the state of the financial markets for
the Company's equity securities, the state of the market for gold or other
minerals that may be produced generally, recent market volatility; variations in
the nature, quality and quantity of any mineral deposits that may be located,
the Company's ability to obtain any necessary permits, consents or
authorizations required for its activities, to raise the necessary capital or to
be fully able to implement its business strategies and other risks associated
with the exploration and development of mineral properties. The reader is
referred to the Company's most recent annual and interim Management's Discussion
and Analysis for a more complete discussion of such risk factors and their
potential effects, copies of which may be accessed through the Company's page on
SEDAR at www.sedar.com.

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