Brian Lock Resigns from Canaco Board of Directors


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2012) - Canaco Resources Inc. (TSX VENTURE:CAN) ("Canaco" or the "Company") today announces Brian Lock has resigned from the Company's Board of Directors, effective immediately, citing personal circumstances.

About Canaco

Canaco is a Vancouver-based mineral exploration company focused on advanced exploration projects in Africa. The Company has $90 million cash and no debt. Canaco's shares trade on the TSX Venture Exchange under the symbol CAN.

On behalf of the Board of Directors:

Andrew Lee Smith, P.Geo., President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services 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 Information:

Canaco Resources Inc.
Meghan Brown
Director Investor Relations
604-488-0822 or 1-866-488-0822
604-899-1240 (FAX)
investors@canaco.ca
www.canaco.ca