CNY

Cancana Resources Corp. (TSX VENTURE:CNY) (the "Company" or "Cancana"),
announces that a temporary Management Cease Trade Order (the "MCTO") was issued
by the Alberta Securities Commission (the "ASC") against the Company's Chief
Executive Officer on June 3, 2013, as opposed to a general cease trader order
against the Company. The MTCO prohibits trading in securities of the Company,
either directly or indirectly, by this individual. 


As summarized in Cancana's News Release dated May 31, 2013, (the "Default
Notice"), the MCTO action was expected due to the fact that the Company was
unable to file its annual financial statements, management discussion and
analysis and related Chief Executive Officer and Chief Financial Officer
certificates for its fiscal year-ended January 31, 2013 (the "Required Filings")
before the May 31, 2013 filing deadline (the "Filing Deadline").


The Company anticipates that it will be in a position to remedy the default
prior to the expiry of the MCTO and file the Required Filings, on or before July
30, 2013. The MCTO will be in effect until the Required Filings are filed.
Should Cancana fail to file the Required Filings on or before July 30, 2013, the
ASC can impose a cease trader order on the Company such that all trading of
securities of the Company cease for such period as the ASC deems appropriate. 


Pursuant to the requirements of Section 4.4 of National Policy 12-203 -
Alternative Information Guidelines ("AIG"), the Corporation reports the
following: 




i.   There have been no material changes to the information contained in the
     Default Notice and the Corporation expects to file the Required Filings
     on or before July 30, 2013; 
ii.  There have been no failures with respect to the Corporation fulfilling
     its stated intention of satisfying the requirements of the AIG; 
iii. There has not been, nor is there anticipated to be, any specified
     default subsequent to the default which is the subject of the Default
     Notice; and, 
iv.  There is no other material information about the affairs of the
     Corporation that has not otherwise been reported. 



About Cancana Resources Corp.

Cancana Resources Corp. is an exploration stage company with assets in Brazil
and Canada. The Company has been seeking projects that expand its resource base
and provide for near term production and revenue. All available resource reports
and information on the Company's properties are located on the Company website:
www.cancanacorp.com


Issued on behalf of the Board of Directors of Cancana Resources Corp. 

Andrew Male, CEO and Director

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. The information in
this news release may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 and applicable Canadian securities laws. When used in this
release, words such as "estimate", "expect", "anticipate" and "believe" as well
as similar expressions are intended to identify forward-looking statements. Such
statements are used to describe management's future plans, objects, and goals
for the Company and therefore involve inherent risks and uncertainties. The
reader is cautioned that actual results, performance or achievements may be
materially different from those implied or expressed in such statements, which
speak only as of the date, the statements were made. The Company does not update
forward-looking statements continually as conditions change. We seek safe
harbour.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cancana Resources Corp.
+1 403 269 2065
cancana.ir@cancanacorp.com
www.cancanacorp.com


CHF Investor Relations
Jeanny So
Director of Operations
jeanny@chfir.com

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