Cardero Resource Corp.
TSX : CDU
NYSE Amex : CDY
FRANKFURT : CR5

Cardero Resource Corp.

January 26, 2012 17:40 ET

Cardero Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2012) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces that, pursuant to its 2002 Incentive Stock Option Plan, it has granted incentive stock options to certain directors, officers, employees and consultants allowing them to purchase up to an aggregate of 1,500,000 common shares in the capital stock of the Company. The options are exercisable at a price of CAD 1.51 for a period of two years ending January 26, 2014.

About Cardero Resource Corp.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (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.

Michael Hunter, President & CEO

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.

NR12-04

Contact Information

  • Cardero Resource Corp.
    Kareen McKinnon
    Vice-President Investor Relations
    Metallurgical Coal Projects
    604 638-1428

    Cardero Resource Corp.
    Nancy Curry
    Corporate Communications
    Iron Ore Projects
    604 638-3287

    Cardero Resource Corp.
    604 408-7488 or Toll Free: 1-888-770-7488
    604 408-7499 (FAX)
    info@cardero.com
    www.cardero.com