Candorado Operating Company Ltd. - News Releases - Candorado Closes $350,000 Non-Brokered Private Placement


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	November 20, 2009 Candorado Closes $350,000 Non-Brokered Private Placement
	Candorado Operating Company Ltd. (the ''Company") (TSX VENTURE: CDO FRANKFURT/ BERLIN: HQU) is pleased to announce it has received TSX Venture Exchange ("TSX-VE") final approval on November 16, 2009, for a non brokered private placement of 7,000,000 flow-through units at a price of $0.05 per unit for total proceeds of $350,000. Each unit consists of one "flow-through" common share plus one warrant entitling the investors to purchase one non "flow-through" common share for a period of 12 months at a price of $0.10 per share. The Company paid a 4% cash finder's fee to First Canadian Securities (r), a division of Limited Market Dealer Inc. and granted options equal to 9% of the FT Units purchased by the investors through Mineralfields. The Company confirms each option is exercisable for two years at a price of $0.05 for one unit with the same terms as above. The funds raised by way of the flow-through financing will be used for exploration of Candorado's recently acquired La Motte lithium properties in Quebec and ongoing development of the B.C Quesnel Trough projects. In accordance with securities legislation currently in effect, the Shares, the Warrants and the Warrant Shares will be subject to a "hold period" of four months plus one day from closing expiring on March 17, 2010. About MineralFields, Pathway and First Canadian Securities MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnership to investors thought Canada as well as hard-dollar resource limited partnerships to investors thought the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields is available at www.mineralfields.com. First Canadian Securities (r) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed server hundred mining and oil and gas exploration companies to dat through First Canadian Securities (r). About Candorado Candorado is a B.C. based mineral exploration Company with extensive mineral tenures in Central, Northern and Southern British Columbia and lithium properties in Quebec. ON BEHALF OF THE BOARD OF DIRECTORS OF CANDORADO OPERATING COMPANY LTD. Kirk R. Reed, President and CEO 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.

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