EGM Statement

Cardinal Resources plc
27 March 2007




LONDON - 27 March 2007

Cardinal Resources plc (AIM:CDL) ('Cardinal' or 'the Company'), an independent
oil and gas production and exploration company operating in Ukraine, today
announces that at the Extraordinary General Meeting of Cardinal held this
morning shareholders rejected both ordinary resolutions proposed by QVT Fund LP.
Resolution one to remove Robert J. Bensh as Chairman and CEO of Cardinal was
rejected on a poll with 26,042,839 shares voting for the resolution,
representing 30.36% of shares voted, and 59,729,356 shares voting against the
resolution, representing 69.64% of the shares voted. Resolution two to elect
Igor Effimoff as a Director of Cardinal was rejected on a poll with 25,841,339
shares voting for the resolution, representing 30.13% of the shares voted, and
59,930,856 shares voting against the resolution, representing 69.87% of the
shares voted.


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For further information please contact:

Cardinal Resources                                   Brunswick Group
Charles Green / Natalia Egorova                      Paul Scott
[phone]                                 [phone]
[e-mail]                   [e-mail]


Nominated Adviser
Nabarro Wells & Co. Limited
John Wilkes / Marc Cramsie
[phone]
[e-mail]



Notes to Editor

Cardinal Resources plc

Cardinal Resources plc is an independent oil and gas production and exploration
company with assets in Ukraine. Cardinal is an experienced operator in the
country focused on expanding its existing operations through the farm-in or
acquisition of additional upstream oil and gas assets that can be further
developed through the application of modern technology and expertise.




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