Cadan Resources Corporation advised that Mining Group Limited has announced details of an operational update on activities at the Comval Copper Gold Project. The Comval Project is operated by Philco Mining Company, which holds the exploration permits on the Comval properties. Cadan retains a 20% free-carried interest in PMC. Mining Group Limited has an 80% interest in PMC and is the manager of the project. In addition to its direct 20% interest in PMC, Cadan also owns approximately 6.2% of MGL present issued capital rising to approximately 15.8% fully diluted for options and assuming MGL exercise an option to acquire the Batoto Gold Project.