Canaco Resources Inc. (TSX VENTURE:CAN) ("Canaco" or the "Company") announces as
of December 31, 2012, Dave Sinitsin, Vice President Project Development, is no
longer with the Company. 


Canaco President and CEO Andrew Lee Smith said: "We thank Dave for his many
contributions during his time here and wish him well in his future endeavours."


About Canaco

Canaco is a Vancouver-based mineral exploration company focused on advanced
exploration projects in Africa. The Company has $90 million cash and no debt.
Canaco's shares trade on the TSX Venture Exchange under the symbol CAN.


On behalf of the Board of Directors:

Andrew Lee Smith, P.Geo., President, CEO and Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
Canaco Resources Inc.
Meghan Brown
Director Investor Relations
604-488-0822 or 1-866-488-0822
604-899-1240 (FAX)
investors@canaco.ca
www.canaco.ca
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