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Cancana Files NI 43-101 Phase 2 Technical Report on High

Cancana Files NI 43-101 Phase 2 Technical Report on High Grade
Manganese Claim 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/15/13 -- Cancana
Resources Corp. (TSX VENTURE:CNY) ("Cancana" or the "Company") has
completed Phase 2 of its National Instrument 43-101 ("NI 43-101")
compliant technical report related to its high-grade manganese claim
in Rondonia, Brazil. 
This independent technical report entitled "Technical Report -
Cancana Resources Corp. Manganese Claims, Rondonia, Brazil", (the
"Technical Report or NI 43-101"), dated January 15, 2013, was
prepared for Cancana by John Harper, ("Harper"), Professional
Geologist, and Qualified Person and is an extension and update of the
initial Technical Report dated November 19, 2012. 
The updated Technical Report executed the recommendations and ongoing
work of the initial Technical Report on a claim known as 241 and in
an area of that claim identified as 241NC ("Sigmine claim #
886241/2011"), and provides an increase to the Inferred Resource
totalling 35,000 tonnes of mineralization with an average Manganese
grade of 54%. 
The updated Technical Report was completed on an area that has
increased in size from 2.97 hectares to 4.4 hectares, the entire
claim 241 is 5,417.35 hectares in size. 
A further four Manganese samples were collected and brought to Canada
for assay. The samples assayed graded between 51.97% to 58.03% Mn
with an average grade of 53.81%. 
As per recommendations within the updated Technical Report, further
expansion of the 4.4 hectare area is ongoing and being completed in
an effort to continue the expansion of the resource. This further
research and reporting will be published as and when completed. A
petrographic report was also completed and attached to the updated
Technical Report as an Appendix. 
In concert with the updated Technical Report, further pitting and
trenching is presently being completed adjacent to the 4.4 hectare
reported area in claim 241NC. As noted previously this research 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 and research. 
Highlights of the assay samples are enclosed in the following table; 


 
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Sample ID                 Mn %                                              
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WP 669                    52.26                                             
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WP 654                    51.97                                             
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TMN 01                    52.98                                             
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241 SW 02                 58.03                                             
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Andrew Male, CEO of Cancana, commented: "The updated NI 43-101
Technical Report is a very positive indication of the direction that
we are going. Of greatest note however is that an increase of almost
400% of mineralization was achieved with only a small increase of
exploration area, 2.97 to 4.4 hectares, an increase of only 1.43
hectares. The increase to 35,000 tonnes of Inferred Resource was
accomplished in very little time and with good efficiency. As a
result of the use of the mechanised equipment we were able to get to
a depth that revealed the large 1 cubic meter plus boulder of
Manganese, something we have not seen before." 
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
 
 
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