Company News: Cardero Resource
Updated: 07 Sep 2010

Cardero has recently concluded the USD 100 million sale of its Pampa de Pongo iron ore deposit in southern Peru to the Nanjinzhao Group of China. With this successful milestone now complete the Company is evaluating investment opportunities, including the review and assessment of advanced mineral projects, to continue to build shareholder value.

Cardero also remains focused on unlocking the value in its remaining iron assets located in southern Peru's Marcona District while continuing to advance its base and precious metals projects in Minnesota, Argentina and Mexico.

Founded in 1999, the Company strives to maximize shareholder value by utilizing management's strong regional network, geological and operational expertise to implement the most economically sound and environmentally friendly approach to building its business.

Also Known as: Cardero

Business Category Exploration; Mining

Regions of Operation Latin America

Exchange Ticker CDU

Web: http://www.cardero.com/s/Home.asp

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Exchanges listed on TSX

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Suite 1920 - 1188 West Georgia Street

Vancouver
B.C.
V6E 4A2
Canada

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