VANCOUVER, BRITISH COLUMBIA–(EMWNews – July 21, 2008) – CADAN RESOURCES CORPORATION (TSX VENTURE:CNF) (the “Company”) is pleased to announce that the recent results from its ongoing drilling, with TGD 60 returning 116m @ 0.72% copper and 0.30 gpt gold, has extended the higher grade porphyry skarn zone within the larger Tagpura porphyry copper gold deposit.

This higher grade porphyry skarn zone is earmarked for early production. A bacterial leach operation with an initial two (“2”) million tonne per year capacity is planned to provide cash flow while resource definition drilling continues at the adjacent large tonnage porphyry targets.

Drill hole TGD 60 returned significant intersections of:-

TDG 60

Details: 116m @ 0.72% copper and 0.30 gpt gold

Inc 60m @ 1.2% copper and 0.52 gpt gold

Inc 30m @ 2.1% copper and 0.80 gpt gold

Drill hole TGD60 was drilled to test the north extension of the higher grade skarn/porphyry zone. This zone remains open on strike to the north and south.

Qualified Person and Quality Control and Assurance

Technical aspects of this news release were prepared and verified by Ian S. Cooper, Exploration Manager Philippines who is the qualified person as required by National Instrument 43-101, and who is the technical person responsible for this news release. The qualified person has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information and opinions contained in this news release. Grade intersections have been calculated using the weighted average of all samples within the intersection length with no values cut.

All sample preparation was undertaken by McPhar Geoservices (Phil) Inc at its General Santos facility in Southern Mindanao. McPhar is an ISO 9001 certified laboratory. Drilling samples are pulverized and 200 gram sub samples are sent to McPhar Geoservices (Phil) Inc in Manila (ISO 9001 certified laboratory) for analysis using the FA 50/SAAS method (fire assay with atomic absorption finish) for gold, and conventional wet chemical methods for copper. The Laboratory mentioned above provides independent analytical services to the Company on normal commercial terms.

Cadan Resources Corporation is a junior exploration company with operations in the Philippines and Colombia and trades on the TSX Venture Exchange (Canada) with trading symbol CNF-V.

On behalf of the board of directors,

Brett Taylor, President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.