Attached please find a press release on: Cardero Resource Corp. (“Cardero” or the “Company”) – (TSX: CDU, NYSE-A: CDY, Frankfurt: CR5) is pleased to provide an update on the sale of Pampa de Pongo iron ore deposit to Nanjinzhao for USD 200 million. Nanjinzhao will commence engineering assessment work immediately and have made an early payment of USD 2 million in consideration of Cardero’s cooperation. This work will allow the Nanjinzhao’s permitting application to be submitted more quickly. The due dates for the remaining payments of USD 10 million and USD 188 million remain unchanged.