Oct 3 2012
Vancouver, British Columbia, October 1st, 2012. Candente Copper Corp. advises that a meeting of the members of the Comunidad Campesina San Juan De Kañaris ("the Community") was held on Sunday September 30th, and that a vote was held concerning mining in the region. According to media reports in Peru, the Community voted against mining in San Juan de Kañaris.
The Company's Peruvian counsel has advised that this meeting was not convened according to the established rules of rural community law in Peru, and as a result the vote is not legally binding. Meetings regarding land access for mineral exploration and mining must follow a clearly defined legal protocol. We have been advised that the meeting on September 30th did not follow this protocol.
The community general assembly held on July 8th, 2012, where the Community voted in favour of granting surface access to the Company for resumption of exploration and feasibility drilling at Cañariaco (see Candente Copper News Release 037 dated July 9th, 2012), was convened according to Peruvian law and has been previously confirmed as legally binding by the Ministry of Energy and Mines of Peru ("the Ministry").
The Company plans to mobilize for drilling as soon as the remaining formal documentation is received from the Ministry. The Company will continue to communicate with the various members of the community, as we do on a continual basis, as we move forward with the Cañariaco Norte copper project.