Cancana Outlines Comprehensive 2015 Exploration and Development Program for the BMC Joint Venture - Seite 3

An initial campaign involving 1000-2000m of drilling will be scheduled on established prospects once tenement approvals and agreements are in place. The priority for the first phase of drilling will be to test vein continuity at intervals of ~80m to 160m along strike and depths within easy reach of potential open pit development (~20-30 meters below surface). The extent of subsequent drilling programs for 2015 will be reviewed once economic intersections are confirmed which warrant infill resource definition drilling, and as further targets are developed from the geophysical program.

To view Figures 1 to 3, visit the following link: http://media3.marketwire.com/docs/Cancana_Figures1to3.pdf

ON BEHALF OF THE BOARD of Cancana Resources Corp.

Anthony Julien, President, CEO and Director

QUALIFIED PERSON

The technical information about the Company's exploration activities has been prepared under the supervision of and verified by Dr Adrian McArthur (B.Sc. Hons, PhD. FAusIMM), a consultant to Brazil Manganese Corporation, who is a "qualified person" within the meaning of National Instrument 43-101.

ABOUT CANCANA

Cancana Resources Corp. is a TSX Venture - listed production and exploration company based in Vancouver, BC, Canada. The Company's primary focus is its 23.87% interest in joint venture with Ferrometals BV (a subsidiary of The Sentient Group, one of the world's largest natural resource focused private equity groups) on a manganese mine in Brazil. The joint venture, called Brazil Manganese Corp. ("BMC"), is currently producing high-grade manganese to supply Brazil's growing fertilizer market. Further information can be found on the Company's website: www.cancanacorp.com

NOTES

¹ Refer to news releases on the Company website (www.cancanacorp.com/) dated September 15^th and December 22^nd, 2014.

² Rock chips represent selective samples of mineralisation within the colluvial profile. The Company's mining and processing steps removes soil and gangue to concentrate this material for sale. Geochemical samples are submitted to an accredited SGS Laboratory in Belo Horizonte, Brazil. Submissions include certified references to monitor laboratory performance, which have returned results within the expected laboratory analytical error margins. Major elements have been analysed by lithium-borate fusion - XRF techniques. Trace elements are monitored via a multi-acid digest and ICP-OES analysis. Rock-chip results have ranged from 36.6 % Mn to the upper detection limit of 58% Mn, with an average of at least 54.2% Mn. The results support the inferred resource grade of 52% that was based on a smaller number of samples. The colluvial resource inventory will be updated as the results from mining / pre-production sampling progress.