DNT Candente Copper Corp

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED
STATES


Candente Copper Corp. (TSX:DNT)(BVLAC:DNT) ("Candente" or the "Company") is
pleased to announce that it has entered into an agreement with Dundee Securities
Corporation and Scotia Capital Inc., as lead underwriters on behalf of a
syndicate of underwriters including Raymond James Ltd., Wellington West Capital
Markets Inc. and Stonecap Securities Inc. (collectively the "Underwriters"),
whereby the Underwriters have agreed to purchase from the Company on a bought
deal private placement basis (the "Offering"), an aggregate of 9,800,000 common
shares (the "Shares") of the Company at a price of $2.05 per Share for aggregate
gross proceeds of $20,090,000. The Company has also granted the Underwriters an
over-allotment option to increase the size of the Offering by up to an
additional 1,470,000 Shares, such option being exercisable at any time up to 48
hours prior to the closing of the Offering. If the over-allotment option is
exercised in full, the aggregate gross proceeds raised will be $23,103,500. 


The Offering is expected to close on or about February 17, 2011 and is subject
to the approval of the Toronto Stock Exchange. The Shares issued under the
Offering will be subject to a hold period in Canada which will run until the day
that is four months and one day after the date of the closing of the Offering.


The net proceeds of the Offering will be used for the advancement of the
Canariaco Norte copper project, exploration, and general corporate purposes. 


About Candente Copper Corp.

Candente Copper Corp. is a TSX and BVL listed mining company focused on
exploration and development of base metal mining projects in Peru and Latin
America. Candente Copper's flagship project is the 100% owned Canariaco Norte
copper project located in northern Peru's prolific mining district.


The Pre-Feasibility Progress Report recently completed on Canariaco Norte by
AMEC Americas Ltd concludes that with a projected annual production of 262
million pounds of copper, 39,000 ounces of gold, and 911,000 ounces of silver
over a mine life of 22 years, the Canariaco Norte project has an after tax Net
Present Value of US$960M, and after tax Internal Rate of Return of 17.7% using a
long term copper price reverting to US$2.25/lb and a discount rate of 8%. The
key parameters of the Pre-Feasibility Progress Report are set out in Candente
Copper's news release dated January 18, 2011 (New Release 014).


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 of 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 Copper Corp.

Joanne C. Freeze P.Geo., CEO & Director

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