Vancouver, British Columbia, Oct 2, 2014. Candente Gold Corp. (TSX:CDG) ("Candente Gold" and/or the "Company") advises that the Company has been notified by the Toronto Stock Exchange ("TSX") that market capitalization requirements have brought the Company under review in connection with TSX continued listing criteria.
Given the above and difficulties in capital markets the Company is considering moving its public listing from the Toronto Stock Exchange ("TSX") to either the TSX Venture Exchange ("TSXV") or the Canadian Securities Exchange ("CSE").
To this end the Company is reviewing listing costs and requirements of both the TSXV and CSE to determine if a move is warranted and if so which one would be more appropriate for the Company as we develop our Tailings project at El Oro Mexico. Candente Gold considers that all costs savings possible are in the best interests of our shareholders.
About Candente Gold
Candente Gold's flagship asset is El Oro, a district scale gold project encompassing the largest and most prolific high grade gold dominant epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins.
Current focus is the historic tailings deposit left from pre-1930s milling of ores from the Mexico Mine in the El Oro District in Mexico State, Mexico. The tailings have had extensive historic assessments including drill testing and metallurgical test work. The tailings deposit lies within the town of El Oro and covers an area of approximately 5.6 hectares that once reclaimed, will be available for the town's future development. The tailings are adjacent to existing road access, power and water services.
On July 10th the Company announced the completion of an Inferred Mineral Resource Estimate containing 119,900 ounces gold and 3,000,000 ounce silver in 1,267,400 tonnes grading 2.94 grams per tonne gold and 75.12 grams per tonne silver. (see News Release No. 37).
Note: * Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. All figures have been rounded to reflect the accuracy of the estimate.
On behalf of the Board of Candente Gold Corp.
"Joanne Freeze" P.Geo.
President & CEO
For further information please contact:
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3
toll free: 1 (877) 689-1964 ext 3
Investor Relations, Peru
Tel.: (511) 715-2001 ext 107
Fax: (511) 717-1233