Cancana Resources Corp. Announces New Auditor

TORONTO, ONTARIO--(Marketwired - Jul 16, 2013) - Cancana Resources Corp. (TSX VENTURE:CNY) ("Cancana" or the "Company") announced today that it has changed its auditors from James Stafford, Chartered Accountants effective July 11, 2013.

At the request of the Company, its former auditor, James Stafford, Chartered Accountants, has resigned as auditor effective July 11, 2013 and Davidson and Company LLP has been appointed as the successor auditor. In accordance with National Instrument 51-102 - Continuous Disclosure Obligations, the Company has filed a Change of Auditor Notice on SEDAR, ("Notice"), together with letters from James Stafford, Chartered Accountants and Davidson and Company LLP, each confirming that it is in agreement with the statements contained in the Notice, as applicable.

The Company confirms that there were reportable events (as defined in NI 51-102), and unresolved issues prior to the resignation of the Former Auditor. For further information refer to SEDAR Filing.

Cancana Resources Corp. is an exploration stage company with assets in Brazil and Canada. The Company has been seeking projects that expand its resource base and provide for near term production and revenue. All available resource reports and information on the Company's properties are located on the Company website: www.cancanacorp.com.

Issued on behalf of the Board of Directors of Cancana Resources Corp.

Mr. Andrew Male, CEO & Director

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The information in this news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this release, words such as "estimate", "expect", "anticipate" and "believe" as well as similar expressions are intended to identify forward-looking statements. Such statements are used to describe management's future plans, objects, and goals for the Company and therefore involve inherent risks and uncertainties. The reader is cautioned that actual results, performance or achievements may be materially different from those implied or expressed in such statements, which speak only as of the date, the statements were made. The Company does not update forward-looking statements continually as conditions change. We seek safe harbour.