Cardero Announces Senior Management Changes

Cardero Resource Corp.

announces the appointment and addition of several key management personnel. Michael Hunter, the current President, will also assume the position of Chief Executive Officer, reporting directly to the Board of Directors. Mr. Hunter comes to this position with over 25 years' experience in the coal mining sector which includes pit operations, plant operations and coal quality analysis. He has previously founded two coal companies; one of which, First Coal Corporation, was purchased by Xstrata for $137M in July, 2011.