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Brian Lock Resigns from Canaco Board of Directors
Published : December 14, 2012
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2012) - Canaco Resources Inc. (News - Market indicators) ("Canaco" or the "Company") today announces Brian Lock has resigned from the Company's Board of Directors, effective immediately, citing personal circumstances.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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

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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