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Message: Access Agreement

Below is a copy of Candentes news release today. They are making headway with the community and the importance of this in relation to SLI is; they own the adjoining property to our north, of our CB. I see before they drill, there is a requirement to have an Access Agreement in place with the local communities. It is unclear to me if this is regular format in the general permitting process, or just localized in this area. Nevertheless, we do have at least one village on the CB, and I would imagine a similar process with the locals would have been done, or needs to be done. If this process was a requirement for us, I see where it could be material and would have to be released via a NR. Where there has been no NR indicating that any part of the permitting process could be seen as a problem, I am left with the assumption that everything is in order and that I can make a reasonable decision on my investment. So, I feel very good that we will be drilling the CB shortly and that we will not be hung up because of permitting, I assume they are all in place.

Wed May 9, 2012
Candente Copper Updates Status of the Cañariaco Project
Vancouver, British Columbia, May 9th, 2012: Candente Copper Corp. (TSX:DNT, BVL:DNT, US:CCOXF) ("the Company") is pleased to provide an update on the progress being made with community members and local political leaders regarding community agreements, and the resumption of field work on the Cañariaco Project in Peru.

On May 6th, 2012, Joanne Freeze, Candente Copper CEO, was invited by the members of 12 caserios (hamlets) to attend a meeting with approximately 200 locals from the high zone of the community of Kañaris to finalize discussions and conclude an agreement on a number of opportunities for cooperation between the community members and the Company. During this meeting, an agreement was reached with the community members regarding local employment and sustainable development initiatives, including support for agricultural projects in the high zone of the community of Kañaris.

"This is a very important step forward for both the company and the community, as it allows for significant benefits to the community and the resumption of Environmental and Social Impact studies, geophysics, and all pre-drilling field work. It is also a very positive move forward towards the culmination of the proposed Access Agreement for drilling required to complete the Feasibility Study," said Ms. Freeze. The high zone includes the known Cañariaco Norte copper deposit, as well as the two prospective targets for additional mineralization - Cañariaco Sur and Quebrada Verde.

The President of the community of Kañaris was also invited to the May 6th meeting and discussed the upcoming vote on the Access Agreement. Although the details of the community meeting for the vote are still to be clarified, the President agreed that he would endorse the wishes of the majority of the community members expressed in a legal voting process.

The Company has been in regular communication with the community since resuming engineering studies in mid-2010 to discuss the various stages of exploration and engineering studies required for the advancement of the Cañariaco project, and the near-term local opportunities and benefits associated with such.

"We are very pleased with the progress made in our community relations efforts, and feel we are continuing to develop mutually beneficial relationships and opportunities for all stakeholders -- in particular local community members," said Ms. Freeze. "We appreciate the community's effort and support in helping to assure the advancement of the Cañariaco project, and ensuring that appropriate legal protocols are followed. Given this support, we look forward to a timely vote on our Access Agreement."
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