Cardero Resource Corp.
FRANKFURT : CR5
AMEX : CDY
TSX : CDU

Cardero Resource Corp.

January 16, 2008 18:51 ET

Cardero Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 16, 2008) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(AMEX:CDY)(FRANKFURT:CR5) announces that, pursuant to its 2002 Incentive Stock Option Plan, it has granted incentive stock options to certain directors and consultants allowing them to purchase up to an aggregate of 500,000 common shares in the capital stock of the Company. The options are exercisable at a price of CAD $1.50 for a period of two years ending January 16, 2010.

About Cardero Resource Corp.

The Company is currently exploring projects in Argentina, Mexico and Peru. It is actively evaluating new gold, copper and iron projects, while continuing to maintain an ongoing pipeline of prospects. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of CARDERO RESOURCE CORP.

Hendrik van Alphen, President

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

NR08-03

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management.

Contact Information

  • Cardero Resource Corp.
    Quentin Mai
    Manager - Corporate Communications & Investor Relations
    1-888-770-7488 or (604) 408-7488
    (604) 408-7499 (FAX)
    Email: qmai@cardero.com
    Website: www.cardero.com