Candorado Operating Company Ltd. Acquires Large Claim Group in Central British Columbia and Forms Advisory Committee

KELOWNA, BRITISH COLUMBIA, - February 20, 2007 - Candorado Operating Company Ltd. (the "Company") (TSX VENTURE: "CDO" FRANKFURT/BERLIN:"HQU") is pleased to announce it has acquired though staking a 56,000 hectare (560 sqkm) property south east of Prince George, British Columbia referred to as the "I.O." and the "C.G." claims. The "IO" and "CG" claims are considered a target for "sediment-hosted-gold" deposits within the central part of the Quesnel Trough, Canada's most prolific copper/gold belt. The Company is planning to conduct a gamma-ray/total field magnetic airborne survey in the summer of 2007 to define targets for ground geophysical follow-up.

Furthermore, Candorado is pleased to announce that Dr. Vittorio Preto, P. Eng, Dr. Nicholas Carter, P. Eng, and Dr. Ron McMillan, P. Geo, have agreed to join the Company's geological advisory committee.

Dr. N.C. (Nick) Carter, P. Eng. has enjoyed a career of more than 45 years in the Canadian mi! ning industry. His career has included two years with Inco in the Sudbury district and 16 years with the BC Ministry of Energy Mines and Petroleum Resources culminating in a senior position with the Geological Branch. Since 1980 he has provided professional consulting services to a number of senior and junior mining companies throughout Canada, the western United States, and parts of Mexico, South America and Asia. He has also served as a director, officer and as a member of advisory committees for Chamber of Mines, the predecessor organization of the Association for Mineral Exploration BC.

Vittorio Preto, PhD, P.Eng. graduated from the University of British Columbia with a Bachelor of Applied Science in Geological Engineering in 1962 and a Masters in Applied Science in 1964, and from McGill University with a PhD in Geology in 1967. During his 31 years of employment with the British Columbia Ministry of Mines, he carried out extensive field mapping and studies of min! eral deposits and particularly the copper-gold alkalic porphyry deposi ts associated with Upper Triassic rocks of the Quesnel Trough, notably the Iron Mask/Afton and Copper Mountain Camps. Since his retirement from the B.C. Government Dr. Preto has been a consultant and president of Preto Geological Inc.

Dr. R.H. McMillan brings with him over 30 years of experience in copper, gold and uranium exploration and mine evaluation. He has authored numerous papers on uranium exploration and uranium deposits, and has worked in 15 countries on 5 continents. He has been exploration manager or consulting geologist with several well known mining companies including: Westmin Resources Ltd., Cameco Corp., Noranda Exploration Co. Ltd., Teck Exploration Ltd and Falconbridge Nickel Mines Ltd. Several important gold deposits were discovered by exploration programs under his direction.

About Candorado
Candorado is one of British Columbia's largest mineral rights land holder with its copper/gold porphyry targets within the Quesnel Trough in Central British Columbia, the Serb Creek molybdenum deposit, the Eldorado property next to the BC Metal's Red Chris copper porphyry deposit and the Pitt Island VMS prospect all located in Northern British Columbia. 

ON BEHALF OF THE BOARD OF DIRECTORS of Candorado Operating Company Ltd.

For Further Information Please Contact:

Candorado Operating Company Ltd.
Rene Bernard    
Tel: (250) 979-2590   
Fax: (250) 860-2950   
www.candorado.com    
     
Renmark Financial Communications Inc.
Barry Mire: bmire@renmarkfinancials.com
Christine Stewart: cstewart@renmarkfinancial.com
Tel: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.