SOURCE: Concorde Resources Corp.

March 17, 2006 15:00 ET

Concorde Resources Corp. Enters Into Letter of Intent to Purchase Voting Control of Terrax Inc.

PORT ST. LUCIE, FL -- (MARKET WIRE) -- March 17, 2006 -- Concorde Resources Corp. (OTC: CCDE) announced today that it has entered into a Letter of Intent to purchase the majority control of Terrax Inc., (Nevada). Terrax is the owner of certain new Homeland Security products; including but not limited to cross border shipping and customs processes through integrated business solutions and proprietary software applications. Terrax presently operates a direct path for import and export using the proprietary protocols from anywhere within the USA to anywhere within Canada.

For more information about Terrax services

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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    Stephanie Soleas