Acquisition Completed

Cardinal Resources plc
27 October 2005


                CARDINAL RESOURCES PLC COMPLETES ACQUISITION OF
                             RUDIS DRILLING COMPANY

             MR. MISBAH AL DROUBI ELECTED TO THE BOARD OF DIRECTORS

LONDON - Thursday, 27th October 2005

Cardinal Resources plc (AIM:CDL), an independent oil and gas exploration and
production company, today announces that it has completed the acquisition of
Rudis Drilling Company from Hares Group Limited. The acquisition adds 9.1 MMBOE,
or an increase of approximately 50%, to Cardinal's existing reserves of 18.4
MMBOE and increases net daily production by 75% from an average of 631 barrels
of oil equivalent per day (boepd) in the first six months of the year to over
1,100 boepd.

With this acquisition, Cardinal will now own and operate three oil and gas
licences - Dubrivska (DB), Bilousivsko-Chornukhinska (BC) and North Yablunivska
(NY) - and a 50% working interest in a Joint Activity Agreement (JAA) with
Ukrgazvydobuvannya, a subsidiary of Naftogaz Ukraine. All licence areas are
located approximately 40 kilometres from the Rudivsko-Chernovozavodske Field in
Eastern Ukraine where Cardinal holds interests in its existing JAA wells with
Ukrnafta.

With the Rudis assets transaction, the Company plans to drill five development
wells, complete four workovers and expand the gathering systems in the three
licence areas for approximately $20 million. Currently, one exploration well is
drilling in the DB licence area, the BC #13 workover is in progress and work is
underway to construct two pipelines in the Kulickykhin field to tie in existing
wells, with scheduled completion and sales in the first quarter of 2006.
Drilling of the NY #4 well is scheduled to commence in first quarter of 2006.

In accordance with the terms of the agreement, Hares Group has the right to
appoint a non-executive member to Cardinal's Board of Directors and the Hares
Group has selected Mr. Misbah Al Droubi to fill this seat. Mr. Al Droubi, aged
46, has served as the Chief Executive Officer of Hares Group Limited since 2002.
Mr. Al Droubi was formerly a Director of 'L'atelier d'amenagement de l'espace
SARL' in Syria and the 'International Company for Medical Rehabilitation S.A.'
in Cairo. He is currently a Director of 'AWBC Steel Traders GmbH' in Austria.
Mr. Al Droubi's Board membership at Cardinal is for a three-year term, subject
to re-election on an annual basis at the Company's AGM. Mr. Al Droubi has
elected to waive cash compensation for his appointment in exchange for the grant
of share options subject to Board approval. There are no other matters
concerning Mr. Al Droubi that must be disclosed under Schedule 2(g) of the AIM
Rules for Companies.

'I'm very pleased to welcome Misbah to the Cardinal Board of Directors,' said
Robert J. Bensh, Cardinal's Chairman and Chief Executive Officer. 'His
significant international experience and deep knowledge of Ukraine business and
politics adds another valuable member to the Cardinal team.'

As a result of the transaction, a number of key Rudis employees will join
Cardinal in Ukraine. They bring with them considerable technical experience and
familiarity with the domestic operations that will further strengthen the
incumbent Cardinal team and broaden and deepen the knowledge base.

Following the closure of the Rudis transaction, Cardinal has 114,554,109
Ordinary Shares outstanding, of which 21,949,364 shares, or 19.2%, is held by
the Hares Group.

Cardinal Resources plc
Cardinal Resources plc is an independent oil and gas exploration and production
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.

###

This release may contain certain forward-looking statements. These statements
relate to future events or future performance and reflect management's
expectations regarding Cardinal's growth, results of operations, performance and
business prospects and opportunities. Such forward-looking statements reflect
management's current beliefs, are based on information currently available to
management and are based on reasonable assumptions as of this date. No
assurance, however, can be given that the expectations will be achieved. A
number of factors could cause actual results to differ materially from the
projections, anticipated results or other expectations expressed in this
release. While Cardinal makes these forward-looking statements in good faith,
neither Cardinal, nor its directors and management, can guarantee that the
anticipated future results will be achieved.

Contact:
Kate Spiro
Director, Investor Relations
[e-mail]
[phone]



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