Candorado Operating Company Ltd. Appoints Dr. Rodney Kirkham, Ph.D, to Advisory Committee

KELOWNA, BRITISH COLUMBIA, February 23, 2007

Candorado Operating Company Ltd. (the "Company") (TSX VENTURE: "CDO" FRANKFURT/BERLIN:"HQU") is pleased to announce Dr. Rodney Kirkham has agreed to join the Company's geological advisory committee. Dr. Kirkham has been involved with mining in British Columbia for over 45 years and has authored numerous publications.
Dr. Rodney Kirkham, graduated from the University of British Columbia with a Bachelor of Science in 1960 and a Masters in Science in 1963, and a Ph. D in Geology from the University of Wisconsin and has enjoyed a 47 year career in the Canadian mining industry. His career has included projects with Newmont Mining Corporation involving mapping and exploration in the Unuk River area of northwestern British Columbia, and 7 years with the British Columbia Ministry of Energy, Mines and Petroleum.
During his 29 years of employment as a Research Scientist in the Mineral Resources Division of the Geological Survey of Canada, he ran a multi dis! ciplinary study documenting the geology and mineral deposits in the Sulphurets area of British Columbia and also coordinated a digital generalized geological map and mineral database on world copper deposits with thirteen corporate sponsors which resulted in several publications. Between 1988 and 1992, Dr. Kirkham coordinated a major workshop in China on world copper deposits and a conference in Canada on "Mineral Deposit Modeling" that resulted in a 798 page volume published by the Geological Association of Canada in 1995. In 1998, he won the Duncan R. Derry Medal, the highest award of the Mineral Deposits Division of the Geological Association of Canada.

He has since been a volunteer to the Geological Survey of Canada, constructing world mineral databases on porphyry, related skarn, bulk-tonnage epithermal deposits, sediment-hosted stratiform copper deposits and selected major world mineral deposits of all types. In 2002, as President and CEO of Asia Now Resources! Limited, Dr. Kirkham acquired valuable mineral deposits and explorati on areas in Yunnan Province in China, and between 2005 and 2006 staked over 30,000 hectares in the very active Stewart region of British Columbia (15 drill projects in the area with several gold and base metal discoveries).

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@renmarkfinancial.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.