News from investors@canaco.ca Canaco Resource Inc. is pleased to announce that our Handeni gold project in Tanzania has been nominated for the Exploration Award at the prestigious Mining Journal Outstanding Achievements awards being held in London on December 7, 2011. These awards honour individuals and organizations who have made a significant contribution to the industry and who stand out from the crowd. The Handeni gold district consists of numerous gold discoveries in eastern Tanzania, highlighted by the Magambazi prospect. Mineralization was discovered by Canaco in 2009, with the discovery hole returning 59 metres at 4.3 grams per tonne gold. Since that time we have drilled more than 300 holes and are advancing the project toward development with an initial resource estimate planned for Q1 2012 and a preliminary economic assessment targeted for completion in mid-2012. Canaco's success at Handeni reflects the significant efforts and expertise of our technical team. We are proud of their accomplishments and invite you to show your support for the company by voting for Canaco in the Exploration Award category at the Mining Journal Outstanding Achievements awards. Click on the link below to be redirected to the Mining Journal website:
https://www.minesandmoney.com/london/awards/ About CanacoCanaco is a Vancouver-based mineral exploration company focused on advanced exploration projects in Africa. Built on a foundation of experienced management, the Company is rapidly advancing the Handeni project in Tanzania and is well positioned to build shareholder value through discovery and resource development. Canaco's shares trade on the TSX Venture Exchange under the symbol CAN. Contact InformationCanaco Resources Inc.Meghan BrownDirector Investor Relations604-488-2557 or 1-866-488-0822investors@canaco.cawww.canaco.ca