Candente Gold Corp. ("Candente Gold" or the "Company") is
pleased to announce that it has delivered notice to Luismin S.A. de
C.V. ("Luismin"), a subsidiary of Goldcorp Inc., that the Company has
fulfilled all requirements necessary to exercise its option to earn an
undivided 50% interest in the El Oro Gold Project, located in Mexico
State, Mexico.  Candente Gold has also delivered to Luismin notice and
official confirmation that the Company has elected to earn an
additional 20% interest in El Oro.

The option agreement with Luismin (see Candente Resource Corp. NR 267
Oct 1, 2009) provides Candente Gold the right to earn an undivided 50%
interest in El Oro by spending US$5M on the project (including a
minimum of US$1.5M in the Exploration Area, as defined in the option
agreement), and by delivering to Luismin a fixed number of shares which
included 1,000,000 common shares in the capital of the Company.  All of
these conditions have been met, and all documentation required to
exercise this first option has been sent to Luismin in accordance with
the terms of the option agreement.

"We are very pleased to lock in 50% ownership of the El Oro Gold
Project, and to continue our exploration of the El Oro district in
order to acquire an additional 20% interest," said Joanne Freeze
P.Geo., President & CEO.  "We believe, particularly in light of recent
discoveries, that El Oro may host multiple zones of gold and silver
mineralization, and that it has the potential for the discovery of
additional high-grade zones beneath the historic workings where 6.4
million ounces of gold and 74 million ounces of silver were produced."

Candente Gold also has a second option to earn an additional 20% in the
El Oro Gold Project, for a total of 70%, by spending an additional
US$5M and issuing an additional 1,000,000 common shares in the capital
of the Company by November 30, 2013.

Once Candente Gold exercises the second option to hold a 70% undivided
interest in the El Oro Project, Luismin will have a period of 90 days
to advise Candente Gold of its decisions regarding the following
options:

.. In the Historic Mining Area (as defined in the option agreement):
Luismin has the right to: i) stay at 30% by participating in future
expenditures; or ii) dilute to a 6.5% NPI; and

.. In the Exploration Area: Luismin has the right to: i) stay at a 30%
interest by participating in future expenditures; ii) dilute to a 6.5%
NPI or iii) earn-back 40% (to hold a 70% interest) by making
exploration expenditures on the Exploration Area within the following
four year period that total 2.5 times the total amount of exploration
expenditures made by Candente Gold in the Exploration Area to the date
of exercise.

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 50 veins in total,
with 6.4 million ounces of gold and 74 million ounces of silver
produced from just two of these veins.

Modern understanding of epithermal vein systems strongly indicates that
many of the El Oro district's veins hold significant discovery
potential, particularly below the historic workings of the San Rafael
vein, which was mined to an average depth of only 200 metres.  Candente
Gold believes that the San Rafael vein system is analogous to other
epithermal vein systems in Mexico such as the Fresnillo, Guanajuato,
Pachuca and Pinos Altos mines where gold and silver occurs over 600 to
1200 metres vertically.

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.
_____

Joanne C. Freeze, P.Geo., President and CEO and Mark J. Pryor,
Pr.Sci.Nat., are the Qualified Persons as defined by National
Instrument 43-101 for the projects discussed above and they have
reviewed and approved the contents of this release.

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 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

_____________________________________


 For further information please contact:
 
John Foulkes
VP Corporate Development
mobile: +1 (604) 614-2999
local: + 1 (604) 689-1957 ext 2
toll free: 1 (877) 689-1964 ext 2
info@candentegold.com

or:

Walter Spagnuolo
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3
toll free: 1 (877) 689-1964 ext 3