Candente Resource Corp.: Good News for Peruvian Gold and Copper Projects -- Taxes Cut.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 25, 2001

Peru's President Alejandro Toledo pledges to send new legislation to Congress to boost the mining sector's competitiveness, including the scrapping of taxes on exploration work. Toledo promised the new legislation would encompass "all measures needed to reactivate mining and make it the motor and pillar of a great transformation."

Candente (CDNX:DNT) has advanced copper and gold projects in Peru. Canariaco is a leachable copper target with potential for a low-cost SX-EW operation and high grade drill intercepts of 0.80 to 2.16% copper. El Tigre is a gold project where values from 0.5 to 9.5 grams per tonne occur over a two kilometre long target area and geology similar to Meridian's El Penon and Rosia Montana of Gabriel Resources. Both projects are in situated in Northern Peru with road access, good infrastructure and ports nearby.

Peru is the largest gold producer in South America with Yanacocha, being South America's largest gold mine. Yanacocha's production costs (2000) were $88 per ounce, reserves are in excess of 35 million ounces of gold and average grade from 0.8 to 2.8 gpt with a cutoff grade of 0.35 gpt. Newmont's 51% interest in this mine provides approximately 70% of their annual profit yet only accounts for 25% of their worldwide production. One of Candente's properties, Las Sorpresas, lies on the southern border of the Yanacocha Mines in Northern Peru.

SX-EW copper operations such as Cerro Verde (Peru), one of Phelps Dodge's lowest cost producers (worldwide), produce copper in the $0.40 range (cash costs), which makes them economic even at current copper prices.

For more details visit www.candente.com and call us at [phone].

"Joanne Freeze", P. Geo., President and CEO