Cadan Resources Corp (fka CXD)

[oeo2oo]

New Financing -- Good News in this credit environment, imo.

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CADAN RESOURCES CORPORATION ("CNF")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 14, 2008
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 5, 2008:

Number of Shares: 10,000,000 Units
(Each Unit consists of one common share and one share purchase warrant.)

Purchase Price: $0.20 per Unit

Warrants: 10,000,000 share purchase warrants to purchase 10,000,000 shares

Warrant Exercise Price: $0.30 for a period of 12 months from the closing date

Number of Placees: 6 placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P / # of Units
Brett Taylor Y 2,500,000

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).

TSX-X