As previously noted, the Company considers the allegations made by Western Telluric and Minera Olympic to be frivolous, vexatious and completely without merit and intends to vigorously defend this matter and take all appropriate steps to protect its interests and to pursue its counterclaim against the named shareholders of Western Telluric.
On behalf of the Board of Directors of
CARDERO RESOURCE CORP.
"Henk van Alphen", President
For further information contact: Henk Van Alphen, President
Phone: 604.408.7488 / Fax: 604.408.7499
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release which has been prepared by management.
FOR IMMEDIATE RELEASE - Vancouver, B.C.....Cardero Resource Corp. (the "Company" or "Cardero") announces that it has been advised by counsel that the Company has filed its statement of defence prepared in response to the lawsuit commenced by Western Telluric Resources Inc. and Minera Olympic, S. de R.L. de C.V. on May 21, 2004. In its statement of defence (a copy of which will be available on SEDAR (www.sedar.com), the Company has denied all of the allegations made by Western Telluric and Minera Olympic. Further, the Company has commenced a counterclaim against William Herbert Park, Kenneth Tremblett, Kelly Klatik and Jack Gavine, all of whom are shareholders of Western Telluric, seeking damages against such individuals.