Candorado Operating Company Ltd. - News Releases - Acquisition of 28 Lithium Claims in Quebec - Announces Best Efforts Non-Brokered Private Placement for up to 4,500,000 Units


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	August 25, 2009 Acquisition of 28 Lithium Claims in Quebec - Announces Best Efforts Non-Brokered Private Placement for up to 4,500,000 Units
	Kelowna, British Columbia -- August 25, 2009 Candorado Operating Company Ltd. (the ''Company") (TSX VENTURE: CDO FRANKFURT/ BERLIN: HQU) is pleased to advised it has entered into an option agreement with a private party to acquire a 100% interest in 15 claims collectively referred to as the Lake La Motte South Property; 4 claims collectively referred to as the Lake La Motte East Property; 3 claims collectively referred to as the Landrienne South Property; 4 claims collectively referred to as the La Corne Valor East property and 2 claims collectively referred to as the La Corne Valor West Property, located in Quebec. The Company will pay aggregate cash payments of $360,000 with $20,000 due on signing. The Company must also incur exploration and development expenditures totaling $300,000 over the next 18 months and upon TSX Venture Exchange ("TSX-VE") approval, the Company will issue 1,000,000 shares and a further 3,000,000 common shares over the next two years. The properties are subject to a net smelter return ("NSR") royalty of 2% to the vendor. The Company has the right to acquire one-half (1%) of the NSR by paying the vendor $1,000,000 at any time. A finder's fee of 8% in cash or shares to Bullrun Investments is to be paid upon TSX-VE approval. The areas of the properties are favorable geological settings for lithium deposits. To date on the La Corne claims, limited exploration results have indicated in some areas widths of Lithium bearing pegmatites in drill holes grading up to 0.2% Li, or about .4% Li20. Further exploration is required to evaluate the potential for grades averaging from 1% to 2% Li2O. Non-Brokered Private Placement The Company has arranged a non-brokered private placement for up to 4,500,000 units ("Units") at a price of $0.05 per Unit for total proceeds of up to $225,000. Each Unit will consist of one common share plus one warrant entitling the investor to purchase one common share for a period of 24 months at a price of $0.10 per share . The proceeds of this private placement will be used to fund the Company's ongoing exploration commitments on its British Columbia and working capital. Appointment of President and CEO The Board of Directors of Candorado has appointed Kirk Reed as President and Chief Executive Officer of the Company effective immediately. Mr. Reed is a Calgary based businessman with extensive experience serving as director and officer of various public companies. Candorado further advises that Rene Bernard has resigned as President and CEO but will remain as a Chairman and Director to the Company. About Candorado Candorado is a B.C. based mineral exploration Company with extensive mineral tenures in Central, Northern and Southern British Columbia. The Company is in the midst of several exploration projects involving geochemical and geophysical programs as well as drill testing high priority targets and will report on results as soon as they are available. ON BEHALF OF THE BOARD OF DIRECTORS OF CANDORADO OPERATING COMPANY LTD. Rene Bernard, Chairman For Further Information Please Contact: Candorado Operating Company Ltd. Tel: (250) 979-2595 Fax: (250) 860-2957 www.candorado.com The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release

	You can view the Next News Releases item: Tue Sep 22, 2009, Candorado Closes $225,000 Non-Brokered Private Placement You can view the Previous News Releases item: Tue Aug 25, 2009, Candorado Acquires Properties in the La Corne - La Motte Lithium District Near the Quebec Lithium Mine; In Addition to Earlier Release You can return to the main News Releases page, or press the Back button on your browser.