Shareholder Update - Cancana Issues New Date for Annual General Meeting

VICTORIA, BRITISH COLUMBIA--(Marketwire - March 8, 2013) - Cancana Resources Corp. (TSX VENTURE:CNY) (the "Company" or "Cancana") has decided to issue a new date for its Annual General Meeting of the Shareholders of the Company as announced on February 15, 2013.

The Board of Directors of the Company has determined that it is in the best interest of the Company to delay the annual meeting of the shareholders of the Company until June 7, 2013. A revised notice setting out the meeting date and record date will be filed on SEDAR.

Cancana Resources Corp. is an exploration stage company that is transitioning into production 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.

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

Mr. Andrew Male, CEO & Director

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.

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.

Contact:

Cancana Resources Corp.

+1 403 269 2065

cancana.ir@cancanacorp.com

CHF Investor Relations

Morgan Tyghe

Account Manager

morgan@chfir.com

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