Discussions to acquire assets

Cardinal Resources plc
29 September 2005


CARDINAL RESOURCES PLC ANNOUNCEMENT

LONDON - Thursday, 29 September 2005


Cardinal Resources plc (AIM:CDL), an independent oil and gas exploration and
production company, today announces that it is in discussions to acquire assets
to complement existing interests in Ukraine. The company will make further
announcements if appropriate.


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 with
near-term opportunity to significantly expand existing operations through
farm-ins or acquisitions of additional oil and gas assets accretive to reserves
and production.

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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.


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