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Cancana Updates Manganese Exploration Work in Brazil

Cancana Resources Corp. (CNY.V) today provided an update on its exploration activities in Rondonia, Brazil. In late 2012, Cancana commenced a research program in order to establish an NI 43-101 report on one of its Manganese bearing claims in Rondonia.

This work was commenced on October 5, 2012; approximately 30 days were spent on site and in Brazil reviewing and qualifying all aspects of the proposed exploration program.

As reported in a news release dated November 21, Cancana filed an NI 43-101 report that has an Inferred Resource of 8,775 tonnes of mineralization with an average Manganese grade of 54%. Eight samples were collected and brought to Canada for assay.

The research work continued between November 20 and December 18 under the direction and management of Cancana.

Cancana is awaiting the results of the second phase of the NI 43-101 report which will include the quantitative results of the mechanized trenching and pitting program as well as the expansion of the original 2.97 hectare area. It is anticipated that the revised report will be available on or before January 21, 2013.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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