SOURCE: Concorde Resources Corp.

May 11, 2006 08:58 ET

Concorde Appoints Jay McFadden to the Board of Directors

PORT ST. LUCIE, FL -- (MARKET WIRE) -- May 11, 2006 -- Concorde Resources Corp. (OTC: CCDE) is pleased to announce that it has appointed Jay McFadden to the board of directors. Mr. McFadden will provide shareholders insight into Terrax, Inc. and its ongoing business. Jay McFadden specializes in corporate relations with private equity funds and accredited investors. He has helped numerous other small and start-up companies, and will bring that wealth of experience to the table for Terrax and Concorde. The addition of Mr. McFadden illustrates the tremendous effort by Concorde to provide information and transparency for their shareholders.

About Concorde Resources Corp.:

Concorde Resources Corp. is a diversified investment conglomeration that develops partnerships and/or acquires control and recapitalizes small high growth businesses in selected business sectors.

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by CCDE may differ materially from these statements due to a number of factors. CCDE assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.

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