Cadan Resources Corp (fka CXD)

[oeo2oo]

Cadan Updates Testing Phase of Its T'Boli Gold Plant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 24, 2010) - CADAN RESOURCES
CORPORATION (TSX VENTURE:CXD)(FRANKFURT:A0MZ25) ("Cadan" or the "Company") is
pleased to announce that initial test phase of its T'Boli gold silver CIP plant
has treated some 1,000 tonnes of tailings, with an assay range from 1 to 3 g/t
gold.

The ball-mill has operated between 6 to 8 tonnes per hour with mechanical
adjustments being made to plant and equipment.

The testing phase will provide progressive information on 24 hour operational
performance and consumable consumption to achieve optimum recoveries of gold
and silver expected, at this stage, to be some 90 per cent.

While this work is ongoing the plant contractors continue to complete
additional infrastructure for the primary and secondary crushing circuits.

In addition some 400m of decline crosscutting and rehabilitation have been
completed with four auriferous vein structures exposed. The underground work is
focused on the lateral development of these vein structures. Two headings are
being advanced towards previously reported drill intercepts, being 1m @ 15.3
g/t gold and 1m @ 24.1 g/t gold.

Development planning is underway to access historic and previously reported
deeper, higher grade and wider intersections being TD 008 - 5m@ 15.6 g/t gold,
TD 003 - 5m @ 23.5 g/t gold and TD003 - 1m @ 44.1 g/t gold.

Cadan's T'Boli epithermal gold-silver deposit has a NI 43-101 Inferred Mineral
Resource of 420,000 ounces of gold and 1,600,000 ounces of silver (see News
Release dated Thursday, December 18, 2008).

Cadan Resources Corporation is an emerging gold-silver-copper producer and
development company with significant gold-silver-copper mineral assets located
in the Philippines.

Qualified Person and Quality Control and Assurance

Technical aspects of this news release were prepared and verified by William
Donald Goode, a member of the AusIMM and Technical Director of Cadan Resources.
He is the qualified person as required by NI 43-101, and 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 and the geological
setting, 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.

On behalf of the board of directors,

Robert "Butch" Butchart, Chief Operating Officer

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CONTACT INFO:

Cadan Resources Corporation
Robert Butchart
Chief Operating Officer
[phone]
[e-mail]

or

Cadan Resources Corporation
John D. Anderson
Chairman
[phone]
[e-mail]
www.cadanresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.