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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Cadan Resources Corporation: Announcement by Mining Group Limited; New Gold System Identified at Comval

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/13/12 -- Cadan Resources Corporation (TSX VENTURE:CXD)(FRANKFURT:AOMZ25) ("Cadan") advises that Mining Group Limited (ASX:MNE) ("Mining Group") announced it has identified a high grade gold bearing vein system at the Taub prospect at the Comval Copper and Gold Project (Comval Project), located 90 km north of Davao City, Mindanao, in the Philippines. The Taub prospect is approximately 7.5 km north of the recently discovered Tagpura North target (see Figure 1). Mining Group's news release is reproduced in part below.

The Comval Project is operated by Philco Mining Company ("PMC"), which holds the exploration permits on the Comval Project. Cadan retains a 20% free-carried interest in PMC. Mining Group has an 80% interest in PMC and is the manager of the project. In addition to its direct 20% interest in PMC, Cadan also owns 3.1 million shares or approximately 4.12% of Mining Group's present issued capital (based on publicly available information), along with options to purchase a further 2 million shares of Mining Group (refer to Cadan news release of January 17, 2012 for details).

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/cxd-1113b-fig1.pdf.

Highlights


--  New high grade quartz vein system identified at Mining Group's Taub
    prospect, with trench samples returning up to 52.45 g/t Au and 169.70
    g/t Ag including 4.00 m at 17.75 g/t Au and 51.45 g/t Ag from
    CCPCH00001. 

--  Gold bearing quartz veins mapped and sampled over 300 m along strike
    within a 200 m wide structural corridor including grades of up to 39.84
    g/t Au and 36.30 g/t Ag, 31.96 g/t Au and 56.50g/t Ag and 31.19g/t Au
    and 64.50 g/t Ag. 

Mining Group Managing Director Mr Zeff Reeves, said: "The mapping and sampling we have conducted at the Taub prospect was initially designed to follow up historical rock chip sampling. These first pass results are promising, having identified a new high grade gold system.

"The work we have done so far has identified narrow, high grade gold bearing quartz veins at the surface. This new gold system occurs over a significant strike distance within a wide structural zone, and also has continuous mineralisation occurring within the veins sampled.

"Some of the grades we have seen here are very exciting given this is the first work we have carried out on these prospects and we will be working hard over the next few weeks to further understand the area so we can commence drilling this month. Further assays from the remaining trenches are expected over the coming weeks which will help with drill targeting.

"We are doing similar work at our Ugpo prospect further to the west and aim to drill in this area before the end of the year as well. With multiple prospects, new discoveries, and a maiden JORC compliant resource, Mining Group is very well placed to continue its growth," added Mr Reeves.

Mining Group has undertaken a systematic trenching, mapping and sampling program at Taub. The purpose of this work is to delineate the strike extent and grade continuity of previously identified quartz veins from historic rock chip sampling and the existence of small artisanal workings.

To date the work has identified a 200 m wide structural corridor at Taub that has gold mineralisation identified over 300 m along strike and open in all directions. Ongoing trenching and sampling work will be carried out in the next four weeks, with an aim to commence drilling by the end of November.

Taub Trenching and Rock Chip Sampling

Mining Group has received results for two across strike trenches, CCPCH00001 and CCPCH00002, installed at the Taub prospect and rock chip samples taken within seven small scale mining adits. Significant gold mineralisation has been identified in multiple east-northeast striking quartz veins ranging in thickness from 10 cm to over 1 m. The veins dip moderately (45 degrees ) to the north west and occur within a number of sub-parallel mineralised structures associated with shearing and faulting. Significant results are presented below:

Table 1 - Significant results from Taub trenching and rock chip sampling.


----------------------------------------------------------------------------
Tunnel Name/ Sample         From          East-  North-  Elev-     Au     Ag
Trench No.   Location        (m)  To (m)    ing     ing  ation  (ppm)  (ppm)
----------------------------------------------------------------------------
Esoy Tunnel  Vein             NA      NA 841671  837844    231   5.13    1.9
----------------------------------------------------------------------------
Esoy Tunnel  Foot Wall        NA      NA 841671  837844    231   0.99    0.9
----------------------------------------------------------------------------
Angla Tunnel 5 m from         NA      NA 841644  837880    210   2.75    1.2
             Portal,                                                        
             Hanging Wall                                                   
----------------------------------------------------------------------------
Angla Tunnel 5 m from         NA      NA 841644  837880    210   5.04   13.9
             Portal, Vein                                                   
----------------------------------------------------------------------------
Angla Tunnel 5 m from         NA      NA 841644  837880    210   0.84    0.7
             Portal,                                                        
             Footwall                                                       
----------------------------------------------------------------------------
Angla Tunnel 7.50 m from      NA      NA 841644  837880    210   0.55   less
             Portal,                                                    than
             Hanging Wall                                                0.5
----------------------------------------------------------------------------
Angla Tunnel 7.50 m from      NA      NA 841644  837880    210   3.12    8.3
             portal Vein                                                    
----------------------------------------------------------------------------
Angla Tunnel 11.0 m from      NA      NA 841644  837880    210   0.78    0.8
             portal                                                         
             Hanging Wall                                                   
----------------------------------------------------------------------------
Angla Tunnel 11.0 m from      NA      NA 841644  837880    210   6.18   15.1
             portal Vein                                                    
----------------------------------------------------------------------------
Francisco    Stockpile #      NA      NA 841750  837876          2.75    3.5
 Stockpile   1                                                              
----------------------------------------------------------------------------
Francisco    Stockpile #      NA      NA 841750  837876          5.51    5.5
 Stockpile   2                                                              
----------------------------------------------------------------------------
Esoy Lareta  36.0 m from      NA      NA 841712  837860    203   0.81    2.2
 Tunnel #3   Portal,                                                        
             HANGING WALL                                                   
----------------------------------------------------------------------------
Esoy Lareta  41.0 m from      NA      NA 841712  837860    203   2.89    9.3
 Tunnel #3   Portal, VEIN                                                   
----------------------------------------------------------------------------
Esoy Lareta  45.0 m from      NA      NA 841712  837860    203  10.71   27.1
 Tunnel #3   Portal, VEIN                                                   
----------------------------------------------------------------------------
Esoy Lareta  50.0 m from      NA      NA 841712  837860    203   0.82    1.8
 Tunnel #3   Portal, VEIN                                                   
----------------------------------------------------------------------------
Esoy Lareta  66.0 m from      NA      NA 841712  837860    203   0.66      5
 Tunnel #3   Portal,                                                        
             HANGING WALL                                                   
----------------------------------------------------------------------------
Esoy Lareta  66.0 m from      NA      NA 841712  837860    203   1.45    2.4
 Tunnel #3   Portal, VEIN                                                   
----------------------------------------------------------------------------
Simon        OUTCROP #1       NA      NA 841749  837886    191   0.94    1.3
 Outcrop                                                                    
----------------------------------------------------------------------------
Simon        OUTCROP #2       NA      NA 841749  837886    191   0.69    0.8
 Outcrop                                                                    
----------------------------------------------------------------------------
Into Tunnel  Hanging wall     NA      NA 841940  837888    157   4.51    9.5
             right side                                                     
             wall 12.0 m                                                    
             from portal                                                    
----------------------------------------------------------------------------
Into Tunnel  Footwall         NA      NA 841940  837888    157   0.15    2.3
             right side                                                     
             wall 12.0 m                                                    
             from portal                                                    
----------------------------------------------------------------------------
Into Tunnel  Hanging wall     NA      NA 841940  837888    157   0.36    1.8
             left side                                                      
             wall 12.0 m                                                    
             from portal                                                    
----------------------------------------------------------------------------
Into Tunnel  Footwall         NA      NA 841940  837888    157  31.96   56.5
             right side                                                     
             wall 12.0 m                                                    
             from portal                                                    
----------------------------------------------------------------------------
Into Tunnel  left side        NA      NA 841940  837888    157   0.34      2
             wall 12.0 m                                                    
             from portal                                                    
----------------------------------------------------------------------------
Into Tunnel  right side       NA      NA 841940  837888    157   0.14      1
             wall 12.0 m                                                    
             from portal                                                    
----------------------------------------------------------------------------
Into Tunnel  right side       NA      NA 841940  837888    157  31.19   64.5
             wall 12.0 m                                                    
             from portal                                                    
----------------------------------------------------------------------------
Into Tunnel  left side        NA      NA 841940  837888    157   4.97   14.7
             wall 12.0 m                                                    
             from portal                                                    
----------------------------------------------------------------------------
Amancio      VEIN             NA      NA 841903  837977    140    1.1    1.9
 Tunnel                                                                     
----------------------------------------------------------------------------
Alma Tunnel  0-Portal         NA      NA 841779  838051    178   5.56    5.9
             VEIN                                                           
----------------------------------------------------------------------------
Alma Tunnel  2.0 m from       NA      NA 841779  838051    178  39.84   36.3
             portal VEIN                                                    
----------------------------------------------------------------------------
Alma Tunnel  6.0 m from       NA      NA 841779  838051    178   0.64    2.3
             portal                                                         
             HANGING WALL                                                   
----------------------------------------------------------------------------
Alma Tunnel  10.0 m from      NA      NA 841779  838051    178   1.66    4.3
             portal VEIN                                                    
----------------------------------------------------------------------------
Lolong       0-Portal         NA      NA 841824  837959    180  20.52   51.8
 Tunnel      cross-cut                                                      
             VEIN                                                           
----------------------------------------------------------------------------
Lolong       11.0 meters      NA      NA 841824  837959    180   0.57    1.2
 Tunnel      from portal                                                    
             X-Cut VEIN                                                     
----------------------------------------------------------------------------
TRENCH#1     CCPCH 00001   40.00   44.00 841683  837840    210  17.75  51.45
----------------------------------------------------------------------------
TRENCH#1     CCPCH 00001  102.50  103.00 841653  837891    196   3.26     10
----------------------------------------------------------------------------
TRENCH#2     CCPCH 00002      NA      NA 841779  837886    173   3.46    3.2
----------------------------------------------------------------------------
TRENCH#2     CCPCH 00002   56.00   58.00 841764  837906    197   0.78   less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
TRENCH#2     CCPCH 00002   86.00   89.00 841749  837924    210   2.75   1.17
----------------------------------------------------------------------------
TRENCH#2     CCPCH 00002  100.00  100.70 841740  837936    210   1.25    0.7
----------------------------------------------------------------------------

To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/cxd-1113b-fig2.pdf.

To view Figure 3, please visit the following link: http://media3.marketwire.com/docs/cxd-1113b-fig3.pdf.

All samples were collected continuously along the trenches and where channel samples were taken in adits as nominally 1.00 m or 2.00 m samples. All samples were geologically described and each channel was geologically mapped. All samples were sent to Macphar Laboratories in Manila for analysis. Au was assayed using fire assay and an atomic absorption finish and Cu, Ag and Mo were assayed using a 4 acid digest and an ICPOES finish. Standard reference material check samples were submitted every 20 samples and a blank check submitted every 50 samples for QA/QC purposes.

All sampling is conducted under the supervision of Mining Group's on site exploration manager and the chain of custody from the sample site to the sample preparation and logging facility is continually monitored by the exploration manager. Samples are shipped to the lab by qualified couriers or Mining Group personnel under locked bags with independent identification lock numbers. Data verification of the analytical results includes a statistical analysis of the duplicates, standards and blanks that must pass acceptable parameters to ensure accurate and verifiable results.

Appendix 1 outlines all the sample locations and results received to date for all sampling at Taub.

In addition to this ongoing surface sampling activity at Taub, Mining Group has also identified a similar structural corridor, artisanal workings and outcropping quartz veins at Ugpo and is undertaking systematic trench sampling across the target and expects results over the next four to six weeks.

The technical information in this news release was prepared and verified by Zeffron Charles Reeves, (B App Sc (Hons) (Applied Geology) MBA, MAIG), a member of the AIG and employee of Mining Group. Mr. Reeves has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information and opinions contained in this news release. Mr. Reeves is a qualified person as defined in NI 43-101.

Forward-Looking Statements

This news release may contain forward-looking statements. 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. Particular risks applicable to this press release include risks associated with the timing and content of future work programs, geological interpretations and resource potential of the Comval Project. There is no guarantee that additional exploration will lead to evaluation of a mineral resource, or that any resource will have demonstrated economic viability as necessary to be classified as a reserve. The reader is referred to Cadan's most recent annual and interim Management's Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through www.cadanresources.com or Cadan's page on SEDAR at www.sedar.com.

APPENDIX 1 - ROCK CHIP AND TRENCHING ASSAY RESULTS FROM TAUB


----------------------------------------------------------------------------
Sample     From          East-  North-   Elev-    Au    Cu    Pb    Zn    Ag
ID          (m) To (m)    ing      ing   ation (ppm) (ppm) (ppm) (ppm) (ppm)
----------------------------------------------------------------------------
A-44846                 841671  837844     231  0.31   164    14   122   0.7
----------------------------------------------------------------------------
A-44847                 841671  837844     231  5.13    33    25    40   1.9
----------------------------------------------------------------------------
A-44848                 841671  837844     231  0.99    68    11    70   0.9
----------------------------------------------------------------------------
A-44873                 841363  836418     235  less   127    17   167  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-44874                 841363  836418     235  0.07    59    13    32   0.6
----------------------------------------------------------------------------
A-44875                 841363  836418     235  0.01   185    12   173  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44876                 841373  836409     233  0.15   210    18    25   0.8
----------------------------------------------------------------------------
A-44877                 841373  836409     233  0.04   180    15    21  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44878                 841373  836409     233  less    84    10   129  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-44879                 841262  836084     242  less    63     7    16  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-44880    0.00   1.00  841265  837904     234  0.01    39    21    54  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44881    1.00   2.00  841265  837904     234  0.01    28    15    45  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44882    2.00   3.00  841265  837904     234  0.04    27    14    42  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44883    3.00   4.00  841265  837904     234  0.02    50    16    53  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44884    4.00   5.00  841265  837904     234  0.02    32    14    47  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44885    5.00   6.00  841265  837904     234  0.06    34    15    64  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44886    6.00   7.00  841265  837904     234  0.06    14    18    30  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44887    7.00   8.00  841265  837904     234  0.02    31    36    90  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44888    8.00   9.00  841267  835912     232  0.03    26    39    59  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44889    0.00   1.00  841186  836644     265  0.01    57     6    52  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44890    1.00   2.00  841186  836644     265  0.02    52    10    43  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44891                 841644  837880     210  2.75    31    11    48   1.2
----------------------------------------------------------------------------
A-44892                 841644  837880     210  5.04    33    23    28  13.9
----------------------------------------------------------------------------
A-44893                 841644  837880     210  0.84    44    22    78   0.7
----------------------------------------------------------------------------
A-44894                 841644  837880     210  0.55    47    18    57  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44895                 841644  837880     210  3.12    40    10    26   8.3
----------------------------------------------------------------------------
A-44896                 841644  837880     210   0.3    56     8    67  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44897                 841644  837880     210  0.78    12     7    25   0.8
----------------------------------------------------------------------------
A-44898                 841644  837880     210  6.18    13     7    15  15.1
----------------------------------------------------------------------------
A-44899                 841644  837880     210  0.04    59    14    65  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-44900                 841750  837876          2.75    38    12    30   3.5
----------------------------------------------------------------------------
A-53755                 841750  837876          5.51    42    12    24   5.5
----------------------------------------------------------------------------
A-53756                 841712  837660     203  3.07    21    22    22   7.5
----------------------------------------------------------------------------
A-53764                 841712  837860     203  0.81   185    21    83   2.2
----------------------------------------------------------------------------
A-53765                 841712  837860     203   0.3   133    10    41   0.9
----------------------------------------------------------------------------
A-53766                 841712  837860     203  2.89    15    68    15   9.3
----------------------------------------------------------------------------
A-53767                 841712  837860     203 10.71    15    27    22  27.1
----------------------------------------------------------------------------
A-53768                 841712  837860     203  0.11   223     9    96  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53769                 841712  837860     203  0.82    26     8    17   1.8
----------------------------------------------------------------------------
A-53770                 841712  837860     203  0.66   518    37    40     5
----------------------------------------------------------------------------
A-53771                 841712  837860     203  1.45   186    45    22   2.4
----------------------------------------------------------------------------
A-53772                 841712  837860     203  0.24  1095    22    90   0.9
----------------------------------------------------------------------------
A-53773                 841749  837886     191  0.94   207     8    86   1.3
----------------------------------------------------------------------------
A-53774                 841749  837886     191  0.69   238    16    92   0.8
----------------------------------------------------------------------------
A-53813                 841673  837841     232  0.02   128    17    78  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53814                 841673  837841     232  0.02   148    27    72  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53815                 841673  837841     232  less   153    14    84  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53816                 841673  837841     232  less   183    15    86  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53817                 841673  837841     232  less    98    14    64  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53818                 841673  837841     232  0.01    93    15    68  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53819                 841673  837841     232  less    96    11    63  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53820                 841673  837841     232  less    98    18    61  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53821                 841673  837841     232  less   103    16    73  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53788                 841903  837977     140  less   145     7    71  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53789                 841903  837977     140  less    94    24    52  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53790                 841903  837977     140  less   137    20    75  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53791                 841903  837977     140  less   190    14    82   0.7
                                                than                        
                                                0.01                        
----------------------------------------------------------------------------
A-53792                 841903  837977     140  less   153    13    91  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53793                 841903  837977     140  0.01   160    17    83  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53794                 841903  837977     140  less   167    18    89  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53795                 841903  837977     140   0.5   135    24   111   3.7
----------------------------------------------------------------------------
A-53796                 841940  837888     157  4.51    64    52    54   9.5
----------------------------------------------------------------------------
A-53797                 841940  837888     157  0.15   161    30    94   2.3
----------------------------------------------------------------------------
A-53798                 841940  837888     157  0.36    76    25    71   1.8
----------------------------------------------------------------------------
A-53799                 841940  837888     157 31.96   149   456    42  56.5
----------------------------------------------------------------------------
A-53800                 841940  837888     157  0.34   169    45   114     2
----------------------------------------------------------------------------
A-53801                 841940  837888     157  0.14   337    31    79     1
----------------------------------------------------------------------------
A-53802                 841940  837888     157 31.19    84   583    73  64.5
----------------------------------------------------------------------------
A-53803                 841940  837888     157  4.97    71   650   105  14.7
----------------------------------------------------------------------------
A-53828                 841903  837977     140  0.12    94    29    64  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53829                 841903  837977     140   0.4    21    18    30   0.6
----------------------------------------------------------------------------
A-53830                 841903  837977     140  0.05    92    19    65  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53831                 841903  837977     140  0.06    88    16    66  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53832                 841903  837977     140  0.44    10    23    38     1
----------------------------------------------------------------------------
A-53833                 841903  837977     140  0.06    75    15    68  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53834                 841903  837977     140  0.03    83    20    62  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53835                 841903  837977     140   1.1     3    10    19   1.9
----------------------------------------------------------------------------
A-53836                 841903  837977     140  0.04    84    20    70  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53839                 841779  838051     178  0.34   263    28   116  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53840                 841779  838051     178  5.56    77    23    38   5.9
----------------------------------------------------------------------------
A-53841                 841779  838051     178  0.13   274    15   118  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53842                 841779  838051     178  0.09   244    17   111  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53843                 841779  838051     178 39.84    58    50    38  36.3
----------------------------------------------------------------------------
A-53844                 841779  838051     178  0.34   288    22   118  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53845                 841779  838051     178  0.64    82    15    38   2.3
----------------------------------------------------------------------------
A-53846                 841779  838051     178  0.42    26     9    16   2.4
----------------------------------------------------------------------------
A-53847                 841779  838051     178  0.11    72     8    61   0.5
----------------------------------------------------------------------------
A-53848                 841779  838051     178   0.2   267    18   112  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53849                 841779  838051     178  1.66    82    18    35   4.3
----------------------------------------------------------------------------
A-53850                 841779  838051     178  0.44   216    13    82  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53851                 841779  838051     178  0.16   253    17    91   0.5
----------------------------------------------------------------------------
A-53852                 841779  838051     178  0.22    40     7    30  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53853                 841779  838051     178  0.05    35    15    49  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53854                 841824  837959     180  0.19   222    49   128   0.9
----------------------------------------------------------------------------
A-53855                 841824  837959     180 20.52    25   129    49  51.8
----------------------------------------------------------------------------
A-53856                 841824  837959     180  0.11    39    12    63  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53857                 841824  837959     180  0.36   192    22    91  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53858                 841824  837959     180   0.4    25    12    21   0.8
----------------------------------------------------------------------------
A-53859                 841824  837959     180  0.17    56    14    47  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53860                 841824  837959     180  0.02    82    12    80  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53861                 841824  837959     180  0.57     8    28    22   1.2
----------------------------------------------------------------------------
A-53862                 841824  837959     180  0.27    29    28    35  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53868                 841682  837841     227 52.45    58   578    33 169.7
----------------------------------------------------------------------------
A-53872    0.00   2.00  841704  837811     206  0.03    62    17    57  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53873    2.00   4.00  841706  837812     202  0.02    68    23    64  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53874    4.00   6.00  841707  837812     203  0.02    81    18    62  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53875    6.00   8.00  841709  837815     204  0.02    63    16    62  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53876    8.00   9.00  841707  837815     209  0.02    76    21    66  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53877    9.00  11.00  841707  837815     209  less   250    17   102  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53878   11.00  12.00  841707  837815     208  less    64    18    59  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53879   12.00  14.00  841701  837817     209  0.01    66    14    57  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53880   14.00  16.00  841700  837817     211  0.02    72    21    65  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53881   16.00  18.00  841699  837819     208  0.01    46     9    39  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53882   18.00  20.00  841699  837821     211  0.01    71    21    63  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53883   20.00  22.00  841696  837824     212  0.01    84    20    72  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53884   22.00  24.00  841694  837826     212  less    70    19    64  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53885   24.00  26.00  841694  837828     213  0.01    69    13    59  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53886   26.00  28.00  841692  837830     212  0.02    72    21    62  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53887   28.00  30.00  841691  837832     211  0.02    73    22    64  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53888   30.00  32.00  841689  837833     212  0.02    59    18    61  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53889   32.00  34.00  841688  837834     214  0.03    66    22    71  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53890   34.00  36.00  841687  837837     212  0.08    58    14    63  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53891   36.00  38.00  841686  837837     211   0.1    38    10    51  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53892   38.00  40.00  841685  837838     211  0.16    84    20    70  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53893   40.00  41.00  841683  837840     210  0.34   356    31   108   1.1
----------------------------------------------------------------------------
A-53894   41.00  42.00  841683  837840     210  0.14   151    32    49   0.6
----------------------------------------------------------------------------
A-53895   42.00  44.00  841681  837843     209   9.1   104   334    49  17.5
----------------------------------------------------------------------------
A-53896   44.00  46.00  841680  837844     207  0.06    76    13    56   0.5
----------------------------------------------------------------------------
A-53897   46.00  48.00  841679  837846     210  0.06   258    20   113  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53898   48.00  48.60  841679  837846     210  0.06    87    16    57  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53899   48.60  49.10  841679  837846     210  0.84    21    51    23   1.2
----------------------------------------------------------------------------
A-53900   49.10  50.00  841677  837847     210  0.08    93    19    58  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53901   50.00  52.00  841676  837849     208  0.23    76    32    59  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53902   52.00  53.00  841677  837852     209  0.08   242    27   117  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53903   53.00  54.00  841677  837852     209  0.02   169    25    54  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53904   54.00  56.00  841676  837852     208  0.06    78    16    53  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53905   56.00  58.00  841675  837852     211  0.02   135    20    73  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53906   58.00  60.00  841674  837854     208  0.01   172    12    88  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53907   60.00  62.00  841672  837855     209  0.06   242    28    87  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53908   62.00  64.00  841670  837857     209  0.02   235    14    94  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53909   64.00  66.00  841670  837859     210  0.01   168    26    83  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53910   66.00  68.00  841670  837861     213  0.02   199    18    98  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53911   68.00  70.00  841668  837862     211  0.08   128    24    78  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53912   70.00  72.00  841669  837865     216  0.02   149    24    78  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53913   72.00  74.00  841667  837866     214  0.02   151    17    86  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53914   74.00  76.00  841665  837867     215  0.03   147    19    67  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53915   76.00  78.00  841665  837869     216  0.04    97    26    53  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53916   78.00  80.00  841663  837870     216  0.02    90    23    55  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53917   80.00  82.00  841662  837872     218  0.02    60     7    46  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53918   82.00  84.00  841660  837873     218  0.02    74    12    46  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53919   84.00  86.00  841659  837876     217  0.02    59    19    42  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53920   86.00  88.00  841659  837877     217  less    71    14    49  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53921   88.00  90.00  841657  837881     214  0.01    83    18    47  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53922   90.00  92.00  841656  837884     213  less    83    20    49  less
                                                than                    than
                                                0.01                     0.5
----------------------------------------------------------------------------
A-53923   92.00  94.00  841655  837884     212  0.01   184    13    87  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53924   94.00  96.00  841655  837884     206  0.07   173    14    83  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53925   96.00  98.00  841655  837887     206  0.01   153    16    75  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53926   98.00 100.00  841654  837887     207  0.02   170    18    87  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53927  100.00 102.00  841653  837889     200  0.02   214    18   111  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53928  102.00 102.50  841653  837891     196  0.09   232    11   110  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53929  102.50 103.00  841653  837891     196  3.26    41    10    11    10
----------------------------------------------------------------------------
A-53930  103.00 106.00  841651  837892     190  0.09   100    21    90  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53931                 841953  837684     160  0.01   126    14    63  less
                                                                        than
                                                                         0.5
----------------------------------------------------------------------------
A-53932                 841779  837886     173  3.46    21    33     3   3.2
----------------------------------------------------------------------------

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Cadan Resources Corporation
Robert Butchart
President / CEO
butch.cadan@gmail.com

Cadan Resources Corporation
John D. Anderson
Chairman
janderson@cadanresources.com

Cadan Resources Corporation
604 687 0760
604 628 5001 (FAX)
info@cadanresources.com
www.cadanresources.com,

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