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 (TSX VENTURE:CNF) (the "Company") is pleased to
announce that it has Negotiated a non-brokered private placement (the "Private
Placement") of 5,000,000 units ("Units") priced at $0.20 per Unit, for gross
proceeds of $1,000,000. Each Unit is comprised of one common share of the
Company and one half of one common share purchase warrant (each whole such
warrant, a "Warrant"). Each whole Warrant is exercisable to acquire one common
share of the Company at a price of $0.30 per common share for a period of one
year.


All securities issued pursuant to the Private Placement bear a four month hold
period.


The Company will pay finders' fees of $50,000 representing 5% of the gross
proceeds in connection with the financing, subject to TSX Venture Exchange
acceptance. In addition, finders were also granted non-transferable finders'
warrants entitling the holders to purchase up 500,000 common shares at a price
of $0.20 per share for a period of one year.


Closing of the Private Placement is subject to TSX Venture Exchange acceptance.

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 closing of the proposed private placement and 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 are not guarantees 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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