Cancana Files Initial NI 43-101 Technical Report on High

Cancana Files Initial NI 43-101 Technical Report on High Grade
Manganese Claim 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/21/12 -- Cancana
Resources Corp. (TSX VENTURE:CNY) ("Cancana" or the "Company") has
completed an initial National Instrument 43-101 ("NI 43-101")
compliant technical report related to its high-grade manganese claim
in Rondonia, Brazil. 
The initial independent technical report entitled "Technical Report -
Cancana Resources Corp. Manganese Claims, Rondonia, Brazil", (the
"Technical Report or NI 43-101"), dated November 19th, 2012, was
prepared for Cancana by John Harper, ("Harper"), Professional
Geologist, and Qualified Person. 
This initial Technical Report was completed on a claim known as 241
and in an area of that claim identified as 241NC ("Sigmine claim #
886241/2011"), and provides an Inferred Resource of 8,775 tonnes of
mineralization with an average Manganese grade of 54%. 
The Technical Report was completed on an area of 2.97 hectares in
size, the entire claim 241 is 5,417.35 hectares in size. Eight
samples were collected and brought to Canada for assay. The samples
assayed graded between 46.23% to 60.4% Mn with an average grade of
53.7%. 
As per recommendations within the Technical Report, further expansion
of the 2.97 hectare area will be immediately commenced in order to
expand the resource. This further research and reporting will be
amended to this initial Technical Report and issued when complete. 
In concert with the Technical Report, further pitting and trenching
is presently being completed in an area adjacent to 241NC and will
enable completion of the initial mining plan, with a goal of
commencing mining operations in the first quarter of 2013. 
Cancana holds some 37,965.49 hectares of Manganese bearing Claims and
these will require a comprehensive approach to establish the size and
scope of the resource. Harper is currently exploring and reviewing
the mineral claims, and in conjunction with Cancana management, will
be determining additional areas of exploration. 
Highlights of the assay samples are enclosed in the following table; 


 
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Sample ID                                   Mn %   Weight of Sample in grams
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241 NC 11                                  46.23                            
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241 NC 07                                  50.59                            
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241 NC 10                                  51.54                            
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241 NC 21                                  56.55                            
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SO 1                                        49.5                         404
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SO 2A                                       60.4                         289
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SO 2B                                       60.0                        1010
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SO 3                                        54.9                         377
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Andrew Male CEO of Cancana, commented: "The NI 43-101 Technical
Report initial estimate of resource is another important step in
further advancing our first production target. This Inferred Resource
was accomplished with a limited, but highly targeted, pitting program
on less than 3 hectares. Our technical understanding of the deposits
continues to grow and the mineral resource continues to show
significant scope. As recommended in the report Cancana needs to
imitate regional exploration programs aimed at identifying manganese
occurrences with follow up exploration leading to resource and
reserve calculations. We are already proceeding with additional
pitting and trenching on 241NC, in order to expand the resource". 
John Harper, P. Geo., a qualified person as defined under the terms
of NI 43-101, has verified the data and approved the technical
information contained in this press release. 
Cancana Resources Corp. is an exploration stage company with assets
in Brazil and Canada. The Company has been seeking projects that
expand its resource base and provide for near term production and
revenue. All available resource reports and information on the
Company's properties are located on the Company website:
www.cancanacorp.com. 
Issued on behalf of the Board of Directors of Cancana Resources Corp. 
Andrew Male, CEO and Director 
The information in this news release may contain forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934 and
applicable Canadian securities laws. When used in this release, words
such as "estimate", "expect", "anticipate" and "believe" as well as
similar expressions are intended to identify forward-looking
statements. Such statements are used to describe management's future
plans, objects, and goals for the Company and therefore involve
inherent risks and uncertainties. The reader is cautioned that actual
results, performance or achievements may be materially different from
those implied or expressed in such statements, which speak only as of
the date the statements were made. The Company does not update
forward-looking statements continually as conditions change. We seek
safe harbour. 
Neither the TSX Venture Exchange nor its Regulation Service Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Cancana Resources Corp.
+1 403 269 2065
Or, preferably, email: cancana.ir@cancanacorp.com
www.cancanacorp.com