STATEMENT OF APPROACH

Cardinal Resources plc
03 September 2007

CARDINAL RESOURCES PLC



STATEMENT OF APPROACH



LONDON - Monday, 3rd September 2007





Cardinal Resources plc (AIM:CDL) ('Cardinal' or 'the Company'), an independent
oil and gas exploration and production company operating in Ukraine, today
announces that pursuant to Rule 2.2 of the City Code on Takeovers and Mergers,
the Company is currently in discussions with multiple parties, that may or may
not lead to an offer being made for the Company


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