SEC Senvest Capital Inc

Candente Gold Corp. (TSX:CDG)(LMA:CDG) ("Candente Gold" or "the Company") is
pleased to report that an Inferred Mineral Resource Estimate has been completed
on the Mexico Mines tailings deposit under option from the Municipality of El
Oro de Hidalgo in Mexico. 


Inferred Resource Estimate(i)



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Classification      Tonnes     Au g/t     Ag g/t     Ounces Au     Ounces Ag
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Inferred         1,267,400       2.94      75.12       119,900     3,061,200
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Note: (i) 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.  


An increase of approximately 40% on gold content and 30% on silver content from
historic assessments is attributed to two main factors. Recent topographic
surveying generated a more accurate surface expression of the tailings resulting
in an increase from 5.6 to 6.8 hectares and an increase in the bulk density to
1.5 kilograms per cubic metre ("kg/m3") from 1.3 kg/m3, which had been used in
historic assessments. A bulk density of 1.5 kg/m3 is considered more typical for
old settled tailings produced by grinding that have had time to drain, as these
old tailings are not contained in a tailings impoundment. 


"This Mineral Resource Estimate will now be the basis for a Preliminary Economic
Assessment ("PEA") of the El Oro Mexico Mine Tailings which we anticipate will
demonstrate both very positive potential and a clear path forward for a Tailings
Recovery Operation ("TRO") as recommended by JDS Energy and Mining Inc. ("JDS")
in their high level conceptual study (News Release 034 April 15, 2014),"
commented Joanne Freeze, P. Geo., President and CEO of Candente Gold. 


The estimate reflects the results of the recently completed (May 2014) auger and
channel sampling program (see News Release 036 June 26, 2014) as compared with
extensive historic assessments including drill testing and metallurgical test
work. The 2014 verification sampling program of the 1990 historic results was
completed through systematic sampling of the upper 3.0 metres of the tailings
with a hand auger and vertically channel sampling the lower 5 to 10 metres of
the tailings dump. In 1990, Luismin drilled 297.7 metres in 22 holes and in
1951, the Cooperativa de Las Dos Estrellas drilled 2162.7 metres in 184 holes. A
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI
43-101") technical report documenting the updated Mineral Resource estimate will
be filed on SEDAR within 45 days. The mineral resources reported herein have
been estimated using criteria consistent with the Canadian Institute of Mining
and Metallurgy ("CIM") Definition Standards (2014) and in conformity with the
CIM "Estimation of Mineral Resources and Mineral Reserves Best Practice" (2003)
guidelines. The contained metal figures shown are in-situ. No assurance can be
given that the estimated quantities will be produced. All figures have been
rounded to reflect accuracy and to comply with securities regulatory
requirements. Some summations may not agree due to rounding. This reported
Mineral Resource has an effective date of July 8th, 2014. 


It is reasonably expected that the majority of the Inferred Mineral Resources
could be upgraded to Indicated Mineral Resources with infill drilling,
additional sampling, metallurgical testing, specific gravity and bulk density
estimations, confirmation of grade/quality continuity and with current quality
assurance and quality control standards. In addition, mining methods, mineral
processing, infrastructure, economic, marketing, legal, environmental, social
and governmental factors would need to be considered. 


Qualified Persons: Allan Reeves, P.Geo., Principal of Tuun Consulting and Nadia
M. Caira, P.Geo., Principal of World Metals Inc., are the Qualified Persons as
defined by National Instrument 43-101. Mr. Reeves is responsible for the mineral
resources reported above and he has reviewed and approved disclosure of these
mineral resources. Ms. Caira is responsible for the geological and sampling
including Quality Assurance and Control for the project and has reviewed and
approved this disclosure.


Estimation Parameters: The Mexico Mine Tailings mineral resource was constrained
on the west and north by an offset of 30m from an existing highway and is
reported at a cut-off grade of 2.5 g/t gold equivalent ("AuEq"). Gold and silver
recoveries used were 50% and 50% respectively. Metal prices used were 12-month
rolling averages for: gold US$1,304.92/oz and silver US$20.67/oz. Mining and
processing costs and G&A used were $7.00, $27.00 and $11.00 US per tonne
respectively.


Quality Assurance and Control: A total of 123 samples in security sealed buckets
were driven by a Candente employee for sample preparation to ALS-Guadalajara,
Mexico. The sample pulps were then sent to ALS-Vancouver, B.C. for gold by Fire
Assay of a 50 gram charge (Au-AA23) with ICP-ES or AAS finish and was completed
with a gravimetric finish. Silver (Ag) was determined by ME-MS41, a 41 element
analysis with overlimits (greater than 100 ppm Ag) completed by fire assay with
gravimetric finish (Ag-OG46). QA/QC included the insertion and continual
monitoring of numerous standards and blanks into the sample stream, and the
collection of duplicate samples at random intervals within each batch. 


Background on the Tailings

In 2013, Candente Gold acquired the right to process historic tailings left from
pre-1930s milling of ores from the Mexico Mine in the El Oro District in Mexico
State, Mexico. The tailings deposit lies within the town of El Oro and are
adjacent to existing road access, power and water services. 


In April 2014, JDS Energy and Mining Inc. ("JDS") conducted a high level
conceptual study for a Tailings Recovery Operation ("TRO") near to the El Oro
site. The Company's strategy is to look for opportunities to develop cash flow
in the near term with relatively low capital costs. Study results indicate that
the Mexican mine tailings from El Oro have the potential to meet this criteria
and justify further study on the economic potential of a TRO.


As part of the conceptual study JDS evaluated a variety of metallurgical
processes, which have been historically tested by various parties for gold and
silver extraction from the tailings. Considering only industry standard
metallurgical processes typically utilized by other operations, the historical
metallurgical test work on El Oro tailings indicates that minimum overall
recoveries of 50% may be expected, however test work also indicates potential
for higher recoveries of 60% to 70%.


In keeping with both environmental and social responsibility policies of
Candente Gold, the proposed TRO would see the Company provide the El Oro
municipality with a remediation program, which would include relocation of the
tailings from the current site, within the town, to a nearby green fields
process facility in an unpopulated and under-utilized area. Once treated the
tailings would be contained by an engineered structure designed to international
standards. This would both remediate current potential environmental risks and
rehabilitate the current land making it available for the town's future
development.


Three other tailings deposits also exist within the Municipality of El Oro and
are included in the Agreement but require further testing and evaluations prior
to making a decision to reprocess and reclaim. 


For more details, you may view our El Oro Tailings Update Presentation at:
http://www.candentegold.com/s/presentations.asp


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.


Modern understanding of epithermal vein systems strongly indicates that several
of the El Oro district's veins hold potential for discovery of significant gold
and silver mineralization, particularly below the historic workings of the San
Rafael Vein, which was mined to an average depth of only 200 metres and produced
4 million ounces gold and 44 million ounces of silver. 


Candente Gold also holds an extensive portfolio of 100% owned, early to
mid-stage; high and low sulphidation epithermal gold projects in Peru. Many of
these projects have significant exploration completed and targets ready to be
drill tested.


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. 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. Candente relies upon litigation protection for forward-looking
statements.


CAUTIONARY NOTE TO U.S. INVESTORS 

We advise U.S. investors that this news release uses terms that are not
recognized by the United States Securities and Exchange Commission ("SEC"),
including "mineral resources", "measured resources", "indicated resources" and
"inferred resources". The estimation of measured and indicated resources
involves greater uncertainty as to their existence and economic feasibility than
the estimation of proven and probable reserves. U.S. investors are cautioned not
to assume that mineral resources in these categories will be converted to
reserves. The estimation of inferred resources involves far greater uncertainty
as to their existence and economic viability than the estimation of other
categories of resources. U.S. investors are cautioned not to assume that
estimates of inferred mineral resources exist, are economically mineable, or
will be upgraded into measured or indicated mineral resources. U.S. investors
are cautioned not to assume that mineral resources in any of these categories
will be converted into reserves.


On behalf of the Board of Candente Gold Corp. 

Joanne Freeze, P.Geo., President & CEO

NR 037

FOR FURTHER INFORMATION PLEASE CONTACT: 
Candente Gold Corp.
Walter Spagnuolo
Manager, Investor Relations
Mobile: +1 (604) 306-8477 or Local: + 1 (604) 689-1957 ext 3
toll free: 1 (877) 689-1964 ext 3
info@candentegold.com


Candente Gold Corp.
Nataly Reategui
Investor Relations, Peru
(511) 715-2001 ext 107
(511) 717-1233 (FAX)
nreategui@candente.com
www.candentegold.com

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