Canaco Resources Inc

Published : November 29th, 2007

Correction to the Table of Drill Hole Assay Results for El Oro Property

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Candente Resource Corp.
TSX:DNT
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Canaco Resources Inc.
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November 29, 2007
Candente Resource Corp. and Canaco Resources Inc.: Correction to the Table of Drill Hole Assay Results for El Oro Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Candente Resource Corp. (TSX:DNT)(BVL:DNT) ("Candente") and Canaco Resources Inc. (TSX VENTURE:CAN) ("Canaco"): correction to the table of drill hole assay results (see press release November 29, 2007).


-----------------------------------------------------------------------
                                     Drill    Estimated
               From      To   intersection   true width      Au      Ag
Vein             (m)     (m)            (m)          (m)   (g/t)   (g/t)
-----------------------------------------------------------------------

-----------------------------------------------------------------------
Verde                             VV-07-01
-----------------------------------------------------------------------
             288.15  322.10          33.95        27.80    0.20    45.4
-----------------------------------------------------------------------
          Including
-----------------------------------------------------------------------
             288.15  301.50          13.30        10.91    0.24   57.52
-----------------------------------------------------------------------
             307.20  312.30           5.10         4.18    0.37    80.4
-----------------------------------------------------------------------
             319.90  322.10           2.20         1.80    0.07    24.1
-----------------------------------------------------------------------

-----------------------------------------------------------------------
             387.80  420.40          32.60        26.73    0.08    12.1
-----------------------------------------------------------------------

-----------------------------------------------------------------------
Borda                             VB-07-01
-----------------------------------------------------------------------
              57.65  58.95            1.30         0.92    0.07    80.9
-----------------------------------------------------------------------
              91.60  92.50            0.90         0.64    0.27    16.7
-----------------------------------------------------------------------
             211.95  216.40           4.45         3.16    0.17     1.6
-----------------------------------------------------------------------

-----------------------------------------------------------------------
Coronas                          VCR-07-01
-----------------------------------------------------------------------
              49.05  51.00            1.95         1.42    0.75   276.8
-----------------------------------------------------------------------
          Including
-----------------------------------------------------------------------
              49.07  51.00            1.30         0.95    1.12   401.0
-----------------------------------------------------------------------

-----------------------------------------------------------------------
             223.15  228.10           4.95         3.61    0.45    42.1
-----------------------------------------------------------------------
             268.75  270.80           2.05         1.50    3.67    60.3
-----------------------------------------------------------------------

-----------------------------------------------------------------------
                                 VCR-07-02
-----------------------------------------------------------------------
              24.10   24.60           0.50         0.46    0.18   312.0
-----------------------------------------------------------------------
             164.35  167.90           3.55         3.27    0.12     1.3
-----------------------------------------------------------------------

-----------------------------------------------------------------------
                                 VCR-07-03
-----------------------------------------------------------------------
             173.70  182.35           8.65         5.10    0.10    29.8
-----------------------------------------------------------------------
          Including
-----------------------------------------------------------------------
             180.20  180.90           0.70         0.41    0.26   283.0
-----------------------------------------------------------------------
 
Joanne C. Freeze, P.Geo., President and CEO, Candente

Andrew Lee Smith, P.Geo., Chairman and CEO, Canaco.

NR 232

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 which 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.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Candente Resource Corp.
Neil Currie
(604) 689-1957 or Toll Free: 1-877-689-1964
Email: info@candente.com
Website: www.candente.com

or

Canaco Resources Inc.
Nick Watters
(604) 488-0822 or Toll Free: 1-866-488-0822
Email: investors@canaco.ca
Website: www.canaco.ca

INDUSTRY: Manufacturing and Production - Mining and Metals

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Canaco Resources Inc

EXPLORATION STAGE
CODE : CAN.V
ISIN : CA68558N1024
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Canaco is a gold exploration company based in Canada.

Its main exploration properties are MAGEMBE in Tanzania and HANDENI in Australia.

Canaco is listed in Canada and in Germany. Its market capitalisation is CA$ 62.0 millions as of today (US$ 56.6 millions, € 44.1 millions).

Its stock quote reached its lowest recent point on December 05, 2008 at CA$ 0.02, and its highest recent level on February 18, 2011 at CA$ 6.45.

Canaco has 70 027 000 shares outstanding.

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