Concordia Resource Corp.
TSX VENTURE : CCN

Concordia Resource Corp.

January 27, 2012 08:30 ET

Concordia Announces Changes to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2012) - Concordia Resource Corp. (TSX VENTURE:CCN) ("Concordia" or the "Company") is pleased to announce the appointment of Mr. Gérard de la Vallée Poussin to the Company's board of directors.

Mr. de la Vallée Poussin is the chairman of Swala Resources Inc., the company recently acquired by Concordia. He was one of the founders of Arc Mining and Investment SA in 2005, which was merged with Zambezi Gold Plc. to form Swala Resources Plc. in 2007. Previously he was employed by Anglo American plc and De Beers Group from 1962 to 1975, mostly in West and Central Africa. He joined Phillip Brothers group (US) with the responsibility for developing African markets in crude oil and refined oil products. He was appointed Director of Philipp Brothers (Phibro) Energy Ltd (London) and later CEO of Kaines (UK) Limited, an oil and metals trading company. He is Managing Director of Bugeco SA (a Geological Consulting Company based in Belgium).

Mr. de la Vallée Poussin replaces Mr. Harry Dobson, a director of the Company since 2006, who has stepped down from the board of directors to dedicate more time to his other commitments.

Ed Flood, the Company's CEO and Chairman, said, "Mr. Dobson has made a significant contribution to the Company's development and the Company has greatly benefited from his guidance."

The Company extends a warm thank you to Mr. Dobson for his service.

ABOUT CONCORDIA

Concordia is a well-financed junior exploration company with an emphasis on developing mineral deposits in Africa and South America. Concordia has an extensive exploration portfolio in the resource-endowed regions of Burkina Faso, Gabon, the Democratic Republic of Congo (the "DRC") and Zimbabwe, with a land package in Africa totaling over 12,400 km2. In addition, Concordia has acquired an option to purchase 100% of the historic La Providencia silver mine located in the Puna of northwestern Argentina and has also acquired an option to purchase the 14,000 ha Cerro Amarillo-Cajon Grande copper-gold-molybdenum property located in the Malargüe District of Argentina. The company has an experienced management team and board of directors with extensive expertise across the globe.

On behalf of the Board of Concordia Resource Corp.

R. Edward Flood, Chairman

The TSX-V has neither approved nor disapproved the contents of this press release. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release.

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