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To: LoneClone who wrote (20823)	6/4/2008 1:07:36 PM
From: LoneClone	Read Replies (1) \| Respond to of 194913

Cadan's T'Boli Assays Return High Gold and Silver Values Wed Jun 4, 9:15 AM ca.news.finance.yahoo.com VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 4, 2008) - Highlights: 58 g/t Gold & 159 g/t Silver and 61 g/t Gold & 35 g/t Silver 32.44 g/t Gold & 182.45 g/t Silver and 17.30 g/t Gold & 190.14 g/t Silver CADAN RESOURCES CORPORATION (TSX VENTURE: CNF.V) (the "Company") is pleased to announce the results from ongoing underground vein sampling at the T'Boli epithermal gold silver deposit. NI 43-101 Inferred Mineral Resource (2.4Mt @ 5.5g/t gold and 21 g/t silver) for some 420,000 ounces of gold and 1,600,000 ounces of silver. The veins, ranging in widths from 40 cm to 150 cm, are all located within an area of the northern vein system now identified for near term bulk testing to determine gold and silver grades as part of a possible larger underground resource. In addition, the walls were assayed as part of the potential bulk mining analysis from this large, multiple vein system. Sampling of the multiple veins and walls in this area continues. Assays across the veins ------------------------------ ------------------------------ Sample Gold Silver Width Sample Gold Silver Width No g/t g/t cm No g/t g/t cm ------------------------------ ------------------------------ TMC 12 5.82 32.86 80 TMC 19 10.29 159.38 40 ------------------------------ ------------------------------ TMC 13 9.77 10.69 50 TMC 20 32.44 182.45 60 ------------------------------ ------------------------------ TMC 14 3.77 5.48 40 TMC 21 58.04 159.38 60 ------------------------------ ------------------------------ TMC 15 9.85 13.92 40 TMC 22 0.80 2.71 60 ------------------------------ ------------------------------ TMC 16 8.47 25.93 60 TMC 23 4.73 11.00 20 ------------------------------ ------------------------------ TMC 17 61.84 35.16 40 TMC 24 0.59 22.09 150 ------------------------------ ------------------------------ TMC 18 17.30 190.14 60 ------------------------------ Assays across the walls ----------------------- ----------------------- Sample Gold Silver Sample Gold Silver No g/t g/t No g/t g/t ----------------------- ----------------------- TMC 1 2.18 7.62 TMC 7 0.87 1.79 ----------------------- ----------------------- TMC 2 1.20 1.48 TMC 8 1.10 2.71 ----------------------- ----------------------- TMC 3 0.43 1.18 TMC 9 0.09 1.33 ----------------------- ----------------------- TMC 4 0.87 1.48 TMC 10 6.04 4.71 ----------------------- ----------------------- TMC 5 1.07 2.25 TMC 11 0.53 2.10 ----------------------- ----------------------- TMC 6 0.33 0.87 TMC 11 0.53 2.10 ----------------------- ----------------------- Samples were assayed by Ostrea Laboratories Inc, based in Manila, Philippines. Gold was analyzed by fire assay technique and silver by flame AAS technique. Cadan operates the T'Boli gold silver project through affiliate company TMC Tribal Mining Corporation, headed by its President, Edgar D. Martinez, a mining engineer. Martinez said that some 7,000m of diamond drilling and other exploration including surveying and systematic sampling of underground openings, was undertaken in the mid 1990s. In the compilation of this resource, comparative grade problems existed between drilling results and underground face samples. Thus a conservative approach was used in allocating the resource grades, pending the resolution of this problem. The results of this bulk testing will provide an authoritative grade for the deposit and, based on results of this bulk testing, a possible upgrade in gold and silver grades is expected. Cadan, subject to all regulatory approvals, intends to commence underground exploration development, including an initial 400m of exploration development driving along the defined lode channels. Additional equipment is being sourced and operating costs are being completed. Four other known gold silver targets exist within 1km of the T'Boli gold silver resource. These targets are unexplored and have the potential to provide multiples of the defined resource. The gold to silver ratios of the T'Boli epithermal system are one gold to 50 silver in the shallow mineralization. At depth the rations are one gold to one silver with increasing vein widths. The implications are for a larger gold only deposit at depth. The T'Boli deposit is unexplored below RL400m where a diamond drill hole TD 6 returned 10m @ 3.3 g/t gold (including 5m @ 6 g/t gold). Above this hole, at RL500m, hole TD 8 returned 12m @ 7.1 g/t gold (including 4m @ 18.7 g/t gold). (See figure one). To view Figure 1 please click on the following link: media3.marketwire.com Some historic drilling intersections are given below. --------------------------------------------------------- Drill Hole Intersection (m) Gold g/t Inc / m Gold g/t --------------------------------------------------------- TD 022 4 5.3 1 17.9 --------------------------------------------------------- TD 018 8 4.5 3 10.5 --------------------------------------------------------- TD 001 16 2.4 2 7.1 --------------------------------------------------------- TD 008 12 7.1 4 18.7 --------------------------------------------------------- TD 003 4 13.4 8 15.2 --------------------------------------------------------- TD 006 10 3.6 5 6.0 --------------------------------------------------------- T'Boli Copper Target - Update In a news release dated Monday May 25, 2008, Cadan announced a copper soil and coincident magnetic anomaly that covered an area of 1,000m x 1,000m. The soil samples returned up to 190ppm copper while background values ranged from 10 to 20ppm copper. To date, two geophysical survey lines, for 3.6 line kms, have been completed, of a total of 16 lines. Qualified Person and Quality Control and Assurance Technical aspects of this news release were prepared and verified by Ian S. Cooper, Exploration Manager Philippines who is the qualified person as required by National Instrument 43-101, and who is the technical person responsible for this news release. The qualified person 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. The Inferred Mineral Resource Estimate conforms with CIM Standards and is a NI 43-101 compliant Inferred Mineral Resource as defined in the Technical Report filed on SEDAR February 12, 2003. For further information relating to the historical resource of the project, readers are referred to SUR technical report, specifically "T'Boli Group of Properties" pages 33 - 49, that is published and available on www.sedar.com - news release dated February 12, 2003. It is the opinion of the qualified person that all geological information in the report, as it relates to the T'Boli gold silver project, is current. Cadan Resources Corporation is a junior exploration company with operations in the Philippines and Colombia and trades on the TSX Venture Exchange (Canada) with trading symbol CNF-V. On behalf of the board of directors, Brett Taylor, President & CEO The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Contacts Brett Taylor Cadan Resources Corporation President & CEO +63-920-909-5852 Email: btaylor@philco.bayandsl.ph Website: www.cadanresources.com