SOURCE: Concorde Resources Corp.

June 23, 2006 12:52 ET

Terrax Inc. Plans Ramp-Up Strategy for New Users of

PORT ST. LUCIE, FL -- (MARKET WIRE) -- June 23, 2006 -- Concorde Resources Corp (PINKSHEETS: CCDX) wholly owned subsidiary; Terrax Inc. has made public its proprietary beta test results conducted during June/July 2005.

Murray Owen, President of Terrax, stated: "The Company beta tested the markets acceptance of our product, WeNetShip, for US to Canada shipping by using our marketing executives led by Cameron Kring, to both cold call new clients and work from a referral lists from importer clients. Of the over 300 companies that have been reviewed from inception, approximately 100 have indicated they would adopt the WeNetShip model once the product is properly positioned in the market. We further tested the viability of the delivery system to be malleable for different goods types by test shipping industry products from the electrical industry, consumer electronics industry and consumer products industry to both prove our delivery paths and verify our paperless filing techniques with customs."

Since the test phase in 2005 WeNetShip has expanded its capabilities to handle NAFTA suppliers from Mexico, has sent executives to China to review China to US requirements, and has conducted an early review of EU to North America for expanded marketing which will happen from a second stage financing or from internal revenue growth.

These successes lead the Company to believe with new funding to support marketing efforts and acceptance by our early adopters will be sufficient to lead to early profitability of WeNetShip as a Terrax brand. Our rollout business plan defines the marketing strategy to reach small and medium size businesses in the north/south corridor surrounding I5 from the Mexican border to Canada. Following this west coast rollout strategy WNS plans to adopt clients in the east coast/Windsor corridor.

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 CCDX may differ materially from these statements due to a number of factors. CCDX 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.

No Stock Exchange or Securities Commission has approved nor disapproved the statements in this release. Any statements that are not strictly historical are "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of the section27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to a number of risks and uncertainties that may affect actual events or results materially. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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