Candor Begins Mary March Drilling.

TORONTO -- Completes $340,500 Private Placement Financing

E[acute accent]Candor Ventures Corp. (Candor)(TSX VENTURE:CND) is pleased to announce that drilling has commenced on its Mary March property. Candor plans a three hole, 1,000 m program to test high priority electromagnetic conductors identified earlier this year within Buchans Group volcanics on the Reid Lot 247 portion of the property and along strike of volcanogenic massive sulphide (VMS) mineralized zones. E[acute accent]The Mary March property is located at Buchans Junction, Newfoundland, about 20 km northeast of, and within the same geological group that hosts, the past producing, high grade Buchans mine. The Buchans mine produced 16.2 Million tonnes averaging 14.50% Zn, 7.56% Pb, 1.33% Cu, 126 g/t Ag and 1.37 g/t Au over its 56 year mine life. E[acute accent]Craig J. Waldie, M.Sc.(A), P.Geo. is acting as Candor's Qualified Person for the Mary March property. E[acute accent]Candor also wishes to announce that it has completed a $340,500 non-brokered financing consisting of the sale of 1,135,000 Units at $0.30 per Unit of which 785,000 Units ($235,500) were sold on a flow-through basis. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share for $0.40 until June 30, 2005. All securities issued in conjunction with the offering are subject to a four-month hold period, which expires on October 16, 2004, and the private placement is subject to regulatory approval. E[acute accent]The proceeds of the financing will be used to fund exploration programs on the Mary March and other properties as well as for general corporate purposes. E[acute accent]Following the share issuance Candor has 16,682,097 common shares issued and outstanding.

E[acute accent]The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.