Candente Copper Corp. (TSX:DNT, BVL:DNT, US:CCOUF) ("Candente Copper" or "the Company") is pleased to announce that the Company has acquired additional mineral concessions which provide a considerable expansion to the current land position for the Canariaco copper project located in Northern Peru.

In 2019, the Canariaco property held by the Company comprised of 5 mineral concessions covering 4,290 hectares. This has now been increased to 15 mineral concessions covering 10,190 hectares. Three of the mineral concessions were acquired directly by subsidiaries of the Company in 2020 and 2021 and seven were acquired from Fortescue Peru SA on March 8, 2022. Fortescue Peru S.A. acquired these claims in late January 2020.

The new mineral rights expand the Canariaco property to the west, northwest, north, northeast and to the south.

With the financing by Lind (Candente Copper NR 147 dated March 23, 2022) underway, the Company is now completing its review of the recently completed 2022 Preliminary Economic Assessment (the "2022 PEA") by Ausenco and moving forward to issue Requests for Proposals for both the Definitive Feasibility Study and the Detailed Environmental Impact Assessment ("EIA") Study both to advance Canariaco Norte. Drilling permit applications are also being prepared for further drilling at Canariaco Sur and initial drilling at Quebrada Verde.

"We are very pleased with what is a considerable expansion of our land position with adjacent concessions to further explore and to provide additional ground around our key deposit areas whilst moving towards a Definitive Feasibility Study for Canariaco Norte," stated Joanne C. Freeze, Company President and CEO.

The recently acquired concessions are identified in the map found on the Company website here.

About Candente Copper

The Company's flagship project is Canariaco, within which Canariaco Norte, is the 10th largest late-stage copper resource in the world and 6th highest in grade (RFC Ambrian, December 2021 and Haywood, December 2021). In addition to Canariaco Norte, the Canariaco Project, includes the Canariaco Sur deposit and Quebrada Verde prospect, all within a 4km NE-SW trend in northern Peru's prolific mining district.

The Company is very pleased to now have Canariaco Norte included in 4 research reports that compare various global copper projects. RFC Ambrian: Canariaco Norte in top 10 of 23 projects with potential to involve third party M&A (December 2021); Haywood: Canariaco Norte is one of 18 assets selected as likely to be considered by majors looking to acquire (December 2021); Deutsche Bank: Canariaco Norte identified as one of 3 projects required to meet the upcoming copper supply-demand gap (February 2021); Goldman Sachs: Canariaco Norte identified with incentive copper price in the lowest quartile of the top 84 copper projects worldwide (October 2018).

Joanne Freeze, P.Geo., President, CEO, Director is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. She has reviewed and approved the contents of this release.

On behalf of the Board of Candente Copper Corp.

"Joanne C. Freeze" P.Geo., President, CEO and Director

For further information please contact:
Jonathan Paterson
[email protected]
+1 475 455 9401

[email protected]
www.candentecopper.com