$ 0.070 TSX-V: CDU
$ 0.062 OTC: CDYCF
€ 0.020 FSE: CR51


2004 News

Cardero Resource Corp. (the "Company") announces that pursuant to its Stock Option Plan, it has granted options to certain directors, officers, employees and consultants, of up to an aggregate 1,615,000 shares in the capital stock of the Company. The options are exercisable on or before June 11, 2006 at a price of $2.50 per share.

The Stock Option Plan was approved by the members of the Company at the Annual General Meeting held on April 14, 2004.

On Behalf of the Board of Directors of


"Henk Van Alphen", President

Contact Information:
Phone 604.408.7488
Fax 604.408.7499
Email hvanalphen@cardero.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release which has been prepared by management.

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