Resignation of Nomad

Cardinal Resources plc
24 October 2007


   RESIGNATION OF NOMINATED ADVISER
   LONDON - Wednesday, 24 October 2007                                        

   Cardinal Resources plc (AIM:CDL) ('Cardinal' or 'the Company'), an
   independent oil and gas exploration and production company operating in
   Ukraine, today announces the resignation of its Nominated Adviser
   ('NOMAD').

   As announced on 16 October 2007, the Company's NOMAD, Nabarro Wells & Co
   Limited, has given notice of resignation and that notice period expired
   today.

   Cardinal is seeking a replacement NOMAD. If Cardinal does not appoint a
   replacement NOMAD within a month of the existing NOMAD's resignation then
   the admission of its shares to trading on AIM will be cancelled under AIM
   Rule 1.

   Cardinal shares will remain suspended under AIM Rule 1 as well as AIM Rule
   18.

   For further information please contact:
   Cardinal Resources                           Conduit PR Ltd
   Charles Green / Natalia Egorova              Jonathan Charles
   [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 is an independent oil and gas company engaged in
   the acquisition, development, production and exploration of oil and
   natural gas properties 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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