Cancana Resources Files a NI 43-101 Technical Report for the Rio Madeira Manganese Property in Brazil - Video News Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - March 27, 2014) - Cancana Resources (TSXV: CNY) has filed a NI 43-101 Technical Report for the Rio Madeira manganese property in Brazil, where the company is focussing its efforts on becoming a manganese producer in the province of Rondonia, Brazil.

InvestmentPitch.com has produced a "video news alert" about Cancana Resources. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Cancana" in the search box.

If you cannot view the video above, please visit:
http://www.investmentpitch.com/video/0_6ir2vai4/Cancana-Resources-TSXV-CNY-has-filed-a-NI-43-101-Technical-Report-for-the-Rio-Madeira-manganese-property-in-Brazil

An earlier NI 43-101 Technical Report on the company`s original property showed 35,000 tonnes of mineralization in the Inferred category, with a grade of 54% Manganese.

In situ Manganese cobbles are found in the creek bed sidewall, with trenching exposing bolders up to one cubic metre and larger in size. These results came from a small area of only 4.4 hectares of the 41,351 hectares comprising this project, and only to a depth of 3 metres. This project is permitted and operations commenced in late 2013, and the company is currently stockpiling Manganese lump ore.

The new NI 43-101 Technical Report covers the Rio Madeira property, which Cancana acquired in December 2013. The Rio Madeira property has a current Inferred Resource of 1,006,234 tonnes of mineralization with an average grade of 52% manganese taken from an area of approximately 146 hectares, with the total property size of approximately 72,500 hectares of high grade Manganese bearing claims.

Rio Madeira, a producing Manganese mine that has been in operation for the past 8 years, produces lump ore of varying sizes and is located adjacent to, and mainly contiguous with, Cancana`s operations. Historically it has produced approximately 1,200 tonnes per month, with a 3,000 tonne per month plant capacity.

Cancana recently closed a series of private placements, which resulted in Ferrometals BV owning in excess of 10% of Cancana. Cancana and Ferrometals will operate Rio Madeira as a 50-50 joint venture.

Manganese has a variety of uses, with the steel industry consuming more than 97%, as it uses 8 to 12 kilograms of manganese to produce 1 tonne of steel. Dry fertilizer uses 2 to 6% Manganese by volume, with liquid fertilizer containing up to 30% by volume. Other uses include prototype batteries, electronics and specialty chemicals.

The shares are currently trading at $0.32.

For more information, please visit the company's website www.cancanacorp.com or call 403-269-2065 or email cancana.ir@cancanacorp.com.

About InvestmentPitch

InvestmentPitch.com is a leading international producer and distributer of specialized video content for the investment community. The company specializes in producing three minute videos based on news releases, research reports and other news of interest to investors.

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan@investmentpitch.com