ANA

Candente Copper Corp. (TSX:DNT)(PINKSHEETS:CCOXF)(LMA:DNT) ("Candente Copper" or
"the Company") is pleased to advise that exploration and feasibility drilling
has recommenced on the Canariaco property. 


Two drills are now working on the property. The first hole was collared on
December 21, 2012 on Canariaco Norte and is a metallurgical hole. The second
drill was collared several days later at Canariaco Sur and is an exploration
hole.


The Company received the water permit from the Authority Nacional de Agua
("ANA") on December 07, 2012 which allows the Company to use site water for the
drilling activities and was the last permit required for drilling to commence at
Canariaco. In accordance with best environmental practices, water used for
drilling will be collected in ponds and recycled as much as possible. Upon
completion of drilling, water used will be treated and kept in the ponds where
it will undergo a natural evaporation process. Muds (additives) used for
drilling will be contained and transported off site for disposal in an approved
disposal facility.


Approximately 11,000 metres of feasibility drilling are planned for Canariaco
Norte and approximately 2,500 metres of exploration drilling are planned for
Canariaco Sur. Approximately 140 local employees are currently engaged in
support of the drilling and other project site activities.


Community Dialogue

The National Dialogue and Sustainability Office of the Presidency of the Council
of Ministers ("PCM") is continuing to establish a constructive "Dialogue for
Development" with the participation of the different regional and national
sectors related to the Canariaco Project. In this manner proposals, concerns and
development of the area which the community or others may have will be openly
discussed, and that the Company's project activities, impacts and intentions are
accurately and factually presented. 


Candente Copper, which has been clear with policies of social and environmental
responsibilities, abides by and forms part of the proposal made by the Central
Government, in respect for the laws and practices mentioned above.


This dialogue is intended to build on the agreement of July 8, 2012 whereby the
Community of San Juan de Kanaris granted the Company surface access for
exploration for a three year period. The General Assembly of July 8, 2012 was
attended by approximately 1,000 people and the resulting Act (Acta) was signed
by over 700 community members. 


The Ministry of Energy and Mines ("MINEM") reviewed all legal documentation and
confirmed that the result of this General Assembly is the only legally valid
Community meeting regarding surface access.


As part of the three year access agreement of July 8, 2012, Candente Copper
committed 1.5 million Peruvian soles (approximately US$585,000) to the community
of San Juan de Kanaris. This fund will be managed by committees comprised of
community representatives and members of Candente Copper's Peru based management
team. Disbursements approved by the committees will be made for projects,
partnerships and causes demonstrated to promote healthy and sustainable
communities.


Sustainability and Community Development Programs

The Company is continuing its Sustainable Development Programs within the
Community of San Juan de Kanaris. Our community strategy is based on the United
Nation's Millenium Development Goals ("UMDG") which are themes of development
highlighted by the United Nations as the most urgent obstacles to poverty
reduction. The UNDG's focus is on education, gender equality and health, child
mortality, disease control, environment and global partnerships.


Candente Copper has developed and is supporting agricultural programs in coffee
and quinoa, as well as education and health. The Company is promoting the
development and procurement of local services and skills geared towards
employment to increase shared value within the communities of the Canariaco
project area. Recently Candente Copper supported the state trades school Sencico
to certify 40 young community members in electrical installations. 


Candente Copper has also formed partnerships with local and international Non
Governmental Organizations and Institutions ("NGOs"). Several of the NGOs work
in association with the Company and several work independently. Save the
Children works independently to improve the maternal skills, hygiene and health
of women and children in the communities of San Juan de Kanaris. Save the
Children is also working to strengthen the connections between the rural high
Andean communities and the health and educational services and programs of the
Regional and National Governments. Candente Copper's alliance with the
Clinton-Giustra Sustainable Growth Initiative provided much needed corrective
eye surgery to a number of people suffering from reduced vision due to cataracts
in the provinces of Lambayeque and Cajamarca. In coordination with this program,
the Lions Club of Chiclayo has provided free eyeglasses to a large number of
children and elderly who were diagnosed with substandard vision.


Working with the NGO Progreso Agrario (Pro-A) and the Associacion de Productores
Organicos de San Juan Bautista Kanaris (A.P.C), Candente Copper is assisting
coffee growers in the region to improve coffee bean quality and yield, achieve
eco-socio certifications, and to obtain direct access to International markets
for their coffee beans. The success of this coffee project has driven a second
agricultural initiative in the promotion of quinoa demonstration plots in the
higher altitude Andean communities. Collectively, these programs are designed to
provide direct long term benefit to community members through enhancement of
skills in organization and association, nutrition, hygiene, agriculture, career
development and local product marketing skills.


Candente Copper also has an active partnership with RENIEC, the authority of the
Peruvian government that assigns documentation and identity cards to Peruvian
citizens. Many community members of San Juan de Kanaris are not registered with
the state and as a result may not have access to state social services such as
health and education.


About Candente Copper

Candente Copper's flagship project is the 100% owned, 7.5 billion pound,
Feasibility stage Canariaco Norte Copper Project located in northern Peru's
prolific mining district. The Canariaco Norte deposit contains a Measured and
Indicated resource of 752.4 million tonnes grading 0.49% copper equivalent(i),
and an Inferred Resource of 157.7 million tonnes at 0.44% copper equivalent(i).


Sean Waller, P.Eng., President and Joanne C. Freeze, P.Geo., CEO, are the
Qualified Persons as defined by National Instrument 43-101 for the projects
discussed above. They have reviewed and approved the contents of this release.


(i) The 'Measured and Indicated Resource' listed above consists of Measured
Resources of 338.1Mt at 0.48% Cu, 0.08 g/t Au, and 2.0/t Ag (0.52% Cu Eq.), plus
Indicated Resources of 414.3Mt at 0.43% Cu, 0.06 g/t Au, and 1.8 g/t Ag (o.46%
Cu Eq.). All resources quoted in this release are based on a 0.30% copper
cut-off grade and 229 drill holes completed to March 2008. (i)Copper equivalent
grade including gold and silver, metal recoveries (gold 55%; silver 50%) and
smelter returns (copper 96.5%: gold 93%; silver 90%) applied. Copper grade
equivalent calculation: Cu Eq% =(Cu % + ((Au grade x Au price x Au recovery x Au
smelter return%)+(Ag grade x Ag price x Ag recovery x Ag smelter
return%))/(22.0462 x Cu price x 31.0135 g/t x Cu recovery x Cu smelter return%).
The metal prices used are: copper US$2.50/lb, gold US$1,035/oz and silver
US$17.25/oz.


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. 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. Candente relies upon litigation protection for forward-looking
statements.


CAUTIONARY NOTE TO U.S. INVESTORS

We advise U.S. investors that this news release uses terms that are not
recognized by the United States Securities and Exchange Commission ("SEC"),
including "mineral resources", "measured resources", "indicated resources" and
"inferred resources". The estimation of measured and indicated resources
involves greater uncertainty as to their existence and economic feasibility than
the estimation of proven and probable reserves. U.S. investors are cautioned not
to assume that mineral resources in these categories will be converted to
reserves. The estimation of inferred resources involves far greater uncertainty
as to their existence and economic viability than the estimation of other
categories of resources. U.S. investors are cautioned not to assume that
estimates of inferred mineral resources exist, are economically mineable, or
will be upgraded into measured or indicated mineral resources. U.S. investors
are cautioned not to assume that mineral resources in any of these categories
will be converted into reserves.


On behalf of the Board of Candente Copper Corp. 

Joanne C. Freeze, P.Geo., CEO and Director 

NR-043

FOR FURTHER INFORMATION PLEASE CONTACT: 
Candente Copper Corp.
info@candentecopper.com
www.candentecopper.com


Candente Copper Corp.
Walter Spagnuolo
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3


Candente Copper Corp.
Nataly Reategui
Investor Relations, Peru
(511) 715-2001 ext 107
nreategui@candente.com

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