Cadan Resources Corp (fka CXD)

[basserdan]

Cadan Granted Environmental Compliance Certificate for Ongoing Development of Its T'Boli Gold-Silver Mine

Tuesday July 6, 2010, 9:00 am

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2010) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD; OTC:CADAF - News; FRANKFURT:A0MZ25 - News; "Cadan" or the "Company") announced today that an Environmental Compliance Certificate ("ECC") has been granted for the ongoing mine development of its T'Boli gold-silver mine.

ECC, No 12-1006-0092, dated June 24, 2010, permits up to 140,000 tonnes per annum. This is more than sufficient for the currently projected phases of mining operations.

The ECC also gives environmental clearance for a processing plant to be constructed closer to the portal in a later development phase.

Cadan President and CEO Brett Taylor said: "We are delighted with this approval as it accelerates our progress towards full-scale production. Environmental permitting is a critical component of mining today. Reaching this important milestone not only expedites our mine development program, it also releases resources to continue with the exploration and development phase of our highly prospective land package. I congratulate our Philippine management and technical groups on this achievement."

This latest ECC approval continues the process towards full development of the T'Boli gold-silver mine. It follows the May 11, 2010 release of an updated NI 43-101 compliant Technical Report on its T'Boli gold-silver mining and development operation that has upgraded the historic inferred mineral resource to both Indicated and Inferred categories, for gold only, and outlined the potentially significant, additional gold-silver mineralization.

Highlights of the updated NI 43-101 compliant resource (see CXD press release May 11, 2010 for further details):

--  56% increase in gold grade 
 --  Indicated Category: 886,000t @ 8.6 g/t gold 
 --  Inferred Category: 434,000t @ 8.6 g/t gold 
 --  Regional "conceptual and order of magnitude" potential for many     
 multiples of the defined resource

The report recommends further underground development work to access additional mineralized targets to expand the resource, as well as further bulk sampling and trial milling.

On behalf of the board of directors,
Brett Taylor, President / CEO

Cadan Resources Corporation is a gold-silver-copper company with a high quality portfolio of mineral assets, located in the Philippine Island of Mindanao, long recognized as one of the country's most mineralized areas