Cadan Resources Corp (fka CXD)

[oeo2oo]

TSX Allows Warrant Extension and Lower Exercise Price

CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Warrant Price Amendment, Term Extension
BULLETIN DATE: April 8, 2010
TSX Venture Tier 2 Company

TSX Venture Exchange has consented to the reduction in the exercise price and term extension of the warrants described below. As well, the warrants, which were previously issued as half-warrants as part of a private placement of Units, will be converted to full warrants.

Private Placement:

Original # of Warrants: 500,000
New # of Warrants: 1,000,000

Original Expiry Date of Warrants: October 13, 2010
New Expiry Date of Warrants: August 23, 2011

Original Exercise Price of Warrants: $1.50 (adjusted pro-rata following the consolidation)
New Exercise Price of Warrants: $1.25

These warrants were issued pursuant to a private placement of 5,000,000 Units, each Unit consisting of one share and one-half of one share purchase warrant, which was accepted for filing by the Exchange effective October 8, 2009.

TSX-X