Cardinal Resources Cancels AIM Listing

Cardinal Resources has canceled the admission of its ordinary shares to AIM. As announced on October 24, 2007, the Company's Nominated Adviser (NOMAD), Nabarro Wells & Co Limited, has resigned. Unfortunately Cardinal has not been successful in appointing a replacement Nomad, subsequently the admission of its shares to trading on AIM has been canceled under AIM Rule 1.

It is the Company's intention to seek an admission or listing for the ordinary shares on AIM and/or another recognized stock exchange at the appropriate time. Prior to such an admission or listing taking place, Shareholders should be aware that the Company is not bound to comply with the AIM Rules or the rules of any other stock exchange, in particular, in publishing information to Shareholders.

However, it is the Company's intention, as far as is reasonably practicable in the interim period, to seek to keep Shareholders advised of new developments in the Company's business by disclosing material information to Shareholders as if it were still bound by Rules 11 and 17 of the AIM Rules.


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