Can-Cal Resources Ltd. Announces First Tranche Closing of Financing.

Can-Cal Resources Ltd. (“Can-Cal”) (OTCBB: CCRE) is pleased to announce it has completed the first tranche non-brokered private placement of 967,600 units (“Units”) at a price of US$0.125 per Unit for gross proceeds of US$120,950. Each Unit consists of one common share (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant is exercisable into one Common Share at US$0.15 per share until March 31, 2011. Proceeds of the private placement will be used for exploration and development of Can-Cal’s current properties including ongoing laboratory methodology processing and metallurgy testing in relation to precious metal extraction from Can-Cal’s Pisgah and Wikieup properties, to rescind certain shares as per the requirements of the BCSC in relation to the partial revocation of the CTO, and for general working capital requirements. The securities issued pursuant to the private placement will be subject to a 4 month hold period from the date of issuance.

About Can-Cal

Can-Cal is an emerging precious metals exploration company actively engaged in identifying commercial mining opportunities. Can-Cal is currently focusing its efforts on three main properties: Pisgah, California, Owl Canyon, California and Wikieup, Arizona.

Can-Cal is a publicly listed and trading company on the NASDAQ O.T.C. Bulletin Board (Symbol: CCRE).

For further information:

Can-Cal Resources Ltd.
2500 Vista Mar Dr.
Las Vegas, Nevada
89128

Tel: (702) 243-1849
Fax: (702) 243-1869

Email: mining@lvcoxmail.com
Website: www.can-cal.com

Ronald D. Sloan, Chairman
rdsloan@lvcoxmail.com