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| | Location, Infrastructure and Resources: • K-CR claim group covers 48,000 hectares extending from the west end of Kamloops Lake, northerly to 1 km south of Mowich Lake, where it borders Candorado's Rayfield property • A CNR rail line crosses the southern boundary along Kamloops Lake and numerous logging roads enter the property from the west, north and east • Proximity to mining-friendly Kamloops (30 km), Cache Creek, Ashcroft and several smaller communities provides excellent sources for labour, services and supplies Exploration History: • Work dating back to the late 1800s has led to discovery of a variety of mineral showings, prospects and past producing deposits within the K-CR property. • Minor mercury was mined from the Copper Creek mine in the 1890s and again in the 1920s. In the mid-1980s shallow percussion and two diamond drill holes tested for mercury along Kamloops Lake. • In 1997, exploration focused on the search for copper-gold-silver mineralization. Geology • The property is situated within the Upper Triassic to Lower Jurassic Nicola Group, which forms part of the Quesnel Trough, dominated by alkalic and calc-alkalic island-arc volcanic rocks and co-magmatic intrusions. • The southern part of the property overlies the northwestern extension of geological and structural features that host more than a dozen past-producing mines and numerous other deposits within the Afton camp, located only a few tens of kilometres to the southeast (New Afton Cu-Au Project: measured and indicated mineral resource of 65.7 million tonnes grading 1.02% Cu, 0.77g/t Au, and 2.59g/t Ag). • Within K-CR, bedrock units include upper Triassic Nicola volcanic rocks; Late Triassic - Early Jurassic ultramafic rocks; lower-middle Jurassic Ashcroft formation mudstones and siltstones; Eocene Kamloops group volcanic rocks; Eocene feldspar porphyritic intrusive rocks; Miocene-Pliocene Chilcotin Group basalts. Mineral Occurrences: • A review of the BC Minfile (www.minfile.gov.bc.ca) covering the K-CR property describes several showings referred to as epithermal-style alteration, mineralogy, and structures, and as porphyry-style copper mineralization. Historic Exploration Results: • The Sabiston Flats prospect, quartz ankerite/sericite/kaolinite/pyrite defines 10 alteration zones. • An adit near the CNR rail line contained cinnabar and minor tetrahedrite. • East of Sabiston Flats, the Tenderfoot and Painted Bluff prospects contain Cu, Ag and Au in shear-hosted polymetallic veins within altered Nicola volcanic rocks. 2007 Exploration Program Highlights: • Based on the documented success of airborne surveys over many of the deposits within the Afton camp, Candorado acquired the K-CR ground and contracted Fugro Airborne Surveys to complete a detailed, airborne gamma ray spectrometric and magnetic total field survey over the southern K-CR claims in November, 2007. Recent Developments • Preliminary results of the new airborne survey were received January 2008 as colour-gridded images which have recently been interpreted by R. Shives, GamX Inc. • Final data delivery is expected in late Feb-early March, 2008 and will be re-interpreted in combination with historical data to support Candorado's 2008 exploration program. • Early interpretation of the new airborne data is encouraging. • Airborne signatures which fingerprint the Afton-style deposits (low eTh/K + flanking magnetic anomalies) are present in areas of K-CR, defining a 10 kilometre north-trending belt. Southern portions of the belt are coincident with the historical bedrock copper (chalcopyrite and bornite) occurrences. K-CR Fact Sheet
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