CNF Cadan Resources Old (Tier2)

CADAN RESOURCES CORPORATION (TSX VENTURE:CNF) ("Cadan" or the "Company") is
pleased to announce high grade sections of: 38m at 1.72% copper ("true width")
and, at 65m along strike, 30m at 0.98% copper ("true width") at the Maangob
porphyry copper-gold deposit. The mineralized zone contains an historic resource
of 39.6 M tonnes @ .36% copper, 0.5 g/t gold and 4 g/t silver (News Release,
Thursday, February 26, 2009).


These high grade results are from sampling and mapping of some 850m of
underground adits at Maangob porphyry copper-gold deposit and indicate a
horizontal true width of mineralization of 105m at 0.52% copper. Assays for gold
and silver are pending.


The photograph (to view plese click on:
http://media3.marketwire.com/docs/cnf630.jpg) shows an example of chalcopyrite
veining in massive magnetite skarn within the 38m @ 1.72% copper. The individual
assay was: 1m @ 3.9% copper.


This higher grade material is a "skarn" within the Maangob porphyry/breccia
mineralization. This Maangob skarn is identical to the Tagpura skarn, that has
been defined by drilling and sits within the Tagpura open pit, and has the
potential to provide additional feed for the postulated 2Mt per annum bacterial
heap leach operation (News Releases, August 5, 2008, February 26, 2009 and March
3, 2009).


The 105m zone commences at 828000N, 847045E and extends to 828105N, 847055E. The
38m zone commences at 828034N, 844691E and extends to 828072N, 844691E. The 30m
zone commences at 828065N, 844751E and extends to 828095N, 844754E.


The Company has completed 23 reverse circulation drill holes, for a total of
3,831 meters drilled within this mineralized zone. Down hole surveys of this
drilling are completed. It is expected that the recent drilling, in combination
with adit data and surface mapping, will allow accurate definition of the
mineralized zone and preliminary internal resource analysis.


The channel sample intervals quoted above were assayed with Cadan's in house
"XRF" unit which provides an efficient, cost effective approach to exploration,
particularly in identifying broad mineralization and higher grade zones. All
channel samples were crushed and pulverized and then split, with a 200 gram
sub-sample analyzed by the XRF unit. All appropriate exploration quality
assurance and control measures were applied to ensure integrity of sample and
analysis. As this is a "XRF" analytical approach, the results should be lower
than with traditional chemical analysis for the simple reason that the chemical
analysis applies the FA 50/SAAS method (fire assay with atomic absorption
finish) for gold, and conventional wet chemical methods for copper. Moreover,
more than 10,000 XRF check determinations conducted by Cadan have shown close
comparison with previous commercial assay laboratory copper assay results.


Therefore, it should be noted that all assay results used in resource
calculations will be submitted to an approved commercial laboratory for chemical
analysis using the FA 50/SAAS method (fire assay with atomic absorption finish)
for gold, and conventional wet chemical methods for copper. At that stage, gold
and silver assays will be completed and gold and silver credits are expected to
increase the stated copper grades.


The Maangob mineralized zone contains an historic resource of 39.6 M tonnes @
.36% copper, 0.5 g/t gold and 4 g/t silver (Sabena Mining Corporation "table of
ore reserves" Annual Report of 1980 - see News Release, Thursday, February 26,
2009). It should be noted that the foregoing historic resource was not prepared
in accordance with CIM standards. Further, a qualified person has not done
sufficient work to classify the historical estimate as current mineral resources
or mineral reserves, the Company is not treating the historical estimate as
current mineral resources or mineral reserves as defined in sections 1.2 and 1.3
of NI 43-101, and the historical estimate should not be relied upon. The
foregoing historical resource is highly speculative and should only be
considered as indicative of mineralization potential.


Qualified Person and Quality Control and Assurance

Technical aspects of this news release were prepared and verified by William
Donald Goode, a member of the AusIMM and Technical Director of Cadan Resources.
He is the qualified person as required by NI 43-101, and is the technical person
responsible for this news release. The qualified person has verified the data
disclosed in this news release, including sampling, analytical and test data
underlying the information and opinions contained in this news release.


All channel samples were crushed and pulverized and then split, with a 200 gram
sub-sample analyzed by the XRF unit. All appropriate exploration quality
assurance and control measures were applied to ensure integrity of sample and
analysis. As this is a "XRF" analytical approach, the results should be lower
than with traditional chemical analysis for the simple reason that the chemical
analysis applies the FA 50/SAAS method (fire assay with atomic absorption
finish) for gold, and conventional wet chemical methods for copper. Moreover,
more than 10,000 XRF check determinations conducted by Cadan have shown close
comparison with previous commercial assay laboratory copper assay results.


Therefore, it should be noted that all assay results used in resource
calculations will be submitted to an approved commercial laboratory for chemical
analysis using the FA 50/SAAS method (fire assay with atomic absorption finish)
for gold, and conventional wet chemical methods for copper. At that stage, gold
and silver assays will be completed and gold and silver credits are expected to
increase the stated copper grades.


For further information relating to the historical resource and the geological
setting of the Comval Project, readers are referred to SUR technical report,
specifically, "Deposit Types Comprising the Sabena Project", page 9, that is
published and available on www.sedar.com - News Release dated February 12, 2003.
It is the opinion of the qualified person that all information in the report, as
it relates to the Tagpura Kalamatan Maangob belt, is current.


On behalf of the board of directors,

Brett Taylor, President & CEO

Forward Looking Statements

This news release may contain forward-looking statements. 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. 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 www.cadanresources.com or the Company's
page on SEDAR at: http://www.sedar.com.

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