Candente Gold Updates on El Oro Exploration Progress

Candente Gold Updates on El Oro Exploration Progress 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/13 -- Candente
Gold Corp. (TSX:CDG)(LMA:CDG) ("Candente Gold") is pleased to provide
an update on the continuing definition of gold-silver mineralization
at its El Oro Project in central Mexico. Following a recent
Director's visit to the property, Candente Gold is of the opinion
that the El Oro project has met a major milestone in the ongoing
compilation of the historical work by identifying previously
unrecognized and untested controls for potential higher grade
The Company's drill strategy in 2007, 2010 and 2011 was to drill test
near surface, down-dip and along strike mineralization. The results
demonstrated that gold and silver mineralization in both the San
Rafael Vein and in parallel veins extends over much greater
dimensions, both laterally and vertically, than what was interpreted
from historic mining. Candente Gold sees considerable potential for
expanding gold-silver mineralization discoveries at El Oro. Controls
to higher grades include: oxidized portions of the veins near faults;
vein splits; horizontal faults; and along rheological or competency
contrasts. A new Vulcan 3D model of the San Rafael vein segment
currently being generated will aid greatly in targeting potentially
higher grade blocks within the district.  
The model is planned to be completed in March 2013 at which time new
drill targets will be delineated and announced. 
Recognizing that controls to the higher grades were not clearly
understood and that an immense amount of recently discovered
historical data had not been previously considered, the Company has
focused recently on the generation of an integrated 3D model of a 1.2
km long segment of the 3.5 km long San Rafael Vein to include: all
known underground workings; 2700 two-meter grade control assay level
plans; 143 drill hole assays (many with poor core recoveries);
surface geochemistry; favorable alteration and structures as well as
lithologic contacts amenable to mineralization. On-going work
includes characterization of known vein segments via a vein intercept
study including: fluid inclusion studies; metal ratios; metal
contents; vein textures and mineralogy; sulphide contents; as well as
and gangue mineralogy. 
"We anticipate that our newly improved understanding of local and
district-scale mineralization controls will facilitate making new
discoveries, expand the known mineralized zones within the San Rafael
and Verde gold-silver vein systems, explore the remaining 16 blind
veins in the eastern El Oro District and find mineralization in the
28 veins in the western Tlalpujahua Mining District, where
silver-rich gold veins and stockwork are exposed over 100's of meters
on surface," stated Joanne Freeze, P.Geo., President and CEO.  
Freeze continues to comment, "Our recent work shows that
easterly-trending transverse faults offset veins both vertically and
laterally and that gold and silver grades increase where they cross
the principal NNW-trending veins of the district. This is an
important discovery because most historic holes have been drilled
sub-parallel to this favored mineralized trend. In addition,
horizontal faults have been recognized from the old mining records
that have offset vein segments laterally." 
All of this work is being guided by Nadia M. Caira, P. Geo., who
joined Candente Gold in June of 2012 in the role of Independent
Qualified Person for the El Oro Project. Final assays and
interpretations will be applied to an upcoming 2013 amendment to the
NI 43-101 technical report. The following are key parameters for the
new interpretation. 
Regional structure: The structural framework of the district is
dominated by WNW/E-W and NE/ENE trending, down-to-the-north
extensional/transtensional faults. The principal mineralized
vein-faults trend NNW-SSE, with slight variations in strike that
apparently create increased dilation. The wider vein segments, such
as the major San Rafael Vein, trend 150 degrees whereas 160 degrees
-170 degrees trending veins are narrower. In addition, NNE/N-S and
ENE/E-W trending veins have been recently identified in a GeoEye-1
imagery interpretation. It is this trend, recently acquired from
historic data that correlates well with higher grade mineralization.  
The major veins have been crosscut and down-thrown by post-mineral
extensional faults providing potential for blind mineralized veins to
occur at deeper structural levels in the hanging-walls of these
Several broad circular features have been recognized in a recent
imagery analysis that probably represents eroded stratovolcanoes or
calderas, some with associated domal features that reflect
subvolcanic domes, intrusive stocks and/or volcanic necks. Pre-, syn-and post mineral sub-volcanic andesite sills, dykes and intrusions
are common-place throughout the district. The NNW-SSE trending
quartz-filled vein faults lie along an anticlinal domal feature
related to a specific stage of andesitic emplacement. Other intrusive
phases spatially and possibly genetically-related to gold
mineralization include: pre-mineral andesite porphyry sills; and
syn-mineral quartz-eye rhyolite porphyry and syenite porphyry dykes.  
Vein mineralogy: The veins show multiple pulses of crustification
(banding) and replacement textures including: early chalcedonic
quartz; bladed quartz after calcite; bladed calcite; dolomite
followed by colloform banded quartz - adularia; and late drusy
cavity-fill with evidence for multiple brecciation and overprinting
events. Sulphides historically reported include: native gold, native
silver, electrum (Au-Ag amalgam), and Ag sulfo-salts (Sb-Pb)
including pyrargyrite (AgSbS3) and auriferous pyrite. Silver
sulphides, galena, sphalerite and traces of chalcopyrite appear at
deeper elevations within the system. Alteration of flanking wall
rocks includes inner quartz-adularia-Kspar and outer
chlorite-carbonate(s). Buddingtonite and kutnahorite were also
identified in the upper unconformity-related gold target below the
Somera Tuff. Kutnahorite is simply a Mn-rich carbonate between
siderite and dolomite. Manganese is ubiquitous in epithermal veins.
Buddingtonite, however, is an ammonium-feldspar that is exceptional
and characterizes major epithermal systems like Fresnillo.  
Vein types and silver to gold ratios: The veins in the districts can
be separated into oxidized veins (developed by influx of meteoric
waters along post mineral faults) and sulphide veins. The known
oxidized veins include: San Rafael; Verde; Descubridora and San
Patricio. San Rafael and Verde vein zones are reportedly up to 70
meters in width and are transverse to the NNW vein swarm trend and
are of moderate grade, while some of the much narrower, early and
steep sulphide-rich hanging wall veins are higher in gold grades.  
New exploration targets: At least 31 new exploration targets have
been identified at El Oro based on satellite image structural
interpretation and alteration processing focused on major faults,
intersections, branches and splays along major structures, releasing
bends, proximity to intrusions, and ASTER/Landsat ETM+ derived
alteration anomalies of known veins. Low sulphidation epithermal
alteration minerals studied include alunite, illite-smectite,
kaolinite, sericite and silica. In general, alteration anomalies are
not well developed across the eastern portions of the El Oro property
due to masking by post-mineral volcanics. Alteration is most
widespread in the Tla
lpujahua area where stockwork and vein zones are
exposed at surface.  
About Candente Gold 
Candente Gold's flagship asset is El Oro, a district scale gold
project encompassing one of the largest and most prolific high grade
gold dominant epithermal vein systems in Mexico. The El Oro district
includes 20 veins with past production and more than 57 veins in
total, from which approximately 6.4 million ounces of gold and 74
million ounces of silver were reported to have been produced from
just two of these veins. 
Modern understanding of epithermal vein systems strongly indicates
that several of the El Oro district's veins hold multi-million ounce
discovery potential, particularly below the historic workings of the
San Rafael Vein, which was mined to an average depth of only 200
Candente Gold also holds an extensive portfolio of 100% owned, early
to mid-stage; high and low sulphidation epithermal gold projects in
Peru. Many of these projects have significant exploration completed
and targets ready to be drill tested. 
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 Gold relies upon litigation protection for
forward-looking statements. 
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 Gold Corp.  
Joanne Freeze, P.Geo., President & CEO 
NR 023
Candente Gold Corp.
Walter Spagnuolo
Manager, Investor Relations
Mobile: +1 (604) 306-8477 or Local: +1 (604) 689-1957 ext 3
Toll Free: 1 (877) 689-1964 ext 3 
Candente Gold Corp.
Nataly Reategui
Investor Relations, Peru
(511) 715-2001 ext 107
(511) 717-1233 (FAX)
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