Candente Copper Corp. (TSX:DNT, BVL:DNT, US:CCOUF) ("Candente Copper" or "the Company") is pleased to announce that the Company has agreed to terms for a private placement of up to Cdn$10 million with the Lind Global Fund II, LP, an institutional investment fund managed by The Lind Partners, LLC (collectively, "Lind").

The private placement is expected to include the issuance of a convertible security ("Convertible Security") and warrants ("Warrants") to purchase common shares of the Company ("Shares"). The funding agreement is to comprise (i) an initial Cdn$3,000,000 investment; and (ii) optional follow-on investment(s) of up to Cdn$7,000,000, upon mutual agreement. The initial Cdn$3,000,000 investment would result in the Company issuing Lind the Convertible Security with a face value of Cdn$3,600,000 with a 24-month maturity date. The outstanding Face Value of the Convertible Security could be repaid in cash, with a 5% premium, ("Buy-Back Right") or be converted into Shares at a conversion price equal to 85% of the five-day volume weighted average price of the Shares immediately prior to each conversion. Should the Company exercise its Buy-Back Right, Lind would have the option to convert up to 33.3% of the face value of the Convertible Security into Shares.

The Warrants would be issued concurrently with the initial funding and would allow the purchase of up to 6,250,000 Shares at a price of Cdn$0.30 per share for a period of 48 months, which if exercised would bring in an additional Cdn$1,875,000 in funding.

"This is the second financing provided to the Company by Lind as they completed 50% of our $1.1M private placement in August 2021 which provided the funding for the recently completed 2022 Preliminary Economic Assessment (the "PEA"). These new funds will allow us to continue to de-risk the Canariaco project by advancing engineering and environmental studies as well as community relations and projects. The Company is reviewing all engineering work to date with the goal of launching into Feasibility and detailed Environmental Impact Assessment ("EIA") studies on Canariaco Norte while applying for permits to continue resource definition drilling at Canariaco Sur and exploration drilling at Quebrada Verde," commented Joanne Freeze, Candente Copper's President and CEO.

Lind would have restrictions on how much of the face value of the Convertible Security may be converted in any particular month.

Closing of the financing and issuance of the Convertible Security is subject to negotiation and execution of a definitive funding agreement, receipt of Toronto Stock Exchange ("TSX") approval, corporate approvals, and other closing conditions customary for a funding transaction of this nature. Shares to be issued pursuant to any conversions would be issued under TSX private placement rules and would not be freely tradable for four months and one day following closing and would be subject to restrictions under applicable United States federal and state securities laws.

The term sheet entered into by the Company and Lind is non-binding and there can be no assurances that the funding and the issuance of the Convertible Security and Warrants will be completed as proposed or at all. The definitive funding agreement is expected to contain representations, warranties, covenants and conditions that are customary for a funding of this nature.

On another matter, an Amended 43-101 Technical Report on the 2022 PEA was re-filed on Sedar on March 15th, 2022, to remedy a clerical error in one the QP's Certificates. This report may be found on the Company website.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities offered in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities offered have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons (as both such terms are defined in Regulation S promulgated under the U.S. Securities Act) absent registration or an applicable exemption from such registration requirements.

About Candente Copper

The Company's flagship project is Canariaco, within which Canariaco Norte, is the 10th largest late-stage copper resource in the world and 6th highest in grade (RFC Ambrian, December 2021 and Haywood, December 2021). In addition to Canariaco Norte, the Canariaco Project, includes the Canariaco Sur deposit and Quebrada Verde prospect, all within a 4km NE-SW trend in northern Peru's prolific mining district.

The Company is very pleased to now have Canariaco Norte included in 4 research reports that compare various global copper projects. RFC Ambrian: Canariaco Norte in top 10 of 23 projects with potential to involve third party M&A (December 2021); Haywood: Canariaco Norte is one of 18 assets selected as likely to be considered by majors looking to acquire (December 2021); Deutsche Bank: Canariaco Norte identified as one of 3 projects required to meet the upcoming copper supply-demand gap (February 2021); Goldman Sachs: Canariaco Norte identified with incentive copper price in the lowest quartile of the top 84 copper projects worldwide (October 2018).

About The Lind Partners

The Lind Partners manages institutional funds that are leaders in providing growth capital to small- and mid-cap companies publicly traded in the US, Canada, Australia and the UK. Lind's funds make direct investments ranging from US$1 to US$30 million, invest in syndicated equity offerings and selectively buy on market. Having completed more than 100 direct investments totaling over US$1 Billion in transaction value, Lind's funds have been flexible and supportive capital partners to investee companies since 2011.