Resignation of Nomad

Cardinal Resources reports the resignation of its Nominated Adviser (NOMAD).

As announced on October 16, 2007, the company's NOMAD, Nabarro Wells & Co. Limited, has given notice of resignation, and that notice period expired.

Cardinal is seeking a replacement NOMAD. If Cardinal does not appoint a replacement NOMAD within a month of the existing NOMAD's resignation, then the admission of its shares to trading on AIM will be canceled under AIM Rule 1.

Cardinal shares will remain suspended under AIM Rule 1 as well as AIM Rule 18.