Cancana Resources Corp. announced that the Department National Production Minerals, (“DNPM”) has received Cancana’s formal request for granting a trial mining license (“Guia”) on claim 886241/2011. The initial Technical Report dated November 21, 2012 provides an Inferred Resource of 8,775 tonnes of mineralization with an average Manganese grade of 54% on 2.97 hectares. On January 15, 2013 an updated Technical Report was completed on the same area with an expansion from 2.97 hectares to 4.4 hectares and provides an updated Inferred Resource of 35,000 tonnes of mineralization. The average grade was also 54%.

Cancana Resources Corp. announced that it accepts the resignation of David Tam from the Board of Directors and as Secretary of Cancana effective immediately. Mr. Tam joined the company in May of 2009, and contributed to the development of the company in its transition from exploration to pre-production.

Cancana Resources Corp. announced it has entered into an exclusive Memorandum of Understanding to purchase Rio Madeira Comercio Importacao E Exportacao De Minerios, ("Rio Madeira") in the State of Rondonia, Brazil. The exclusive MOU that has been agreed between Cancana and Rio Madeira is for the 100% acquisition of the Rio Madeira corporate entity and all of its associated assets, mineral claims and operations. It is subject to the successful completion of due diligence and financing, which expires on April 30, 2013. Rio Madeira is a producing Manganese mine operation, producing lump ore of varying sizes and is located adjacent to, and mainly contiguous with, Cancana's Manganese claims. Rio Madeira holds title to 15 mineral claims that total approximately 62,000 hectares in size. Also included are 3 full mining licenses known as a "Lavra". Cancana and Rio Madeira have commenced establishment of due diligence requirements and these are underway. This will include the review of all financial and operational aspects of Rio Madeira as well as a geo technical review of the mineral claims held. Present grades of Manganese produced are in the 50% plus range according to Rio Madeira, these are similar to the grades Cancana has reported in the two recent N.I. 43-101 reports published for its Valdirao project known as "241NC".