Cardinal Resources Inc fka CDNL

[Opportunity Strikes]

Correspondence from the CEO.
As we look ahead, we are very positive based on the pickup of cash based sales, in Latin America, the US and now China. We have a plan for consolidating and reducing our debt which has been a burden, but necessary to get through slow times. With the reauthorization of the EXIM Bank, we have been working to make sure we are up on the list for Board consideration as soon as the Board is back in place. At the same time, we have identified alternative funding sources that if EXIM moves slowly we can still move ahead. We continue to take steps to increase sales that do not rely on Export Credit Agency funding as ECA projects do have long lead times even in the best of times.



We will be getting more news out in the coming days as well as the Quarterly.


Best Wishes for the Holidays,



Kevin R. Jones

President/CEO

Cardinal Resources Inc

201 Penn Center Blvd. Ste 400

Pittsburgh PA 15235

www.cardinalres.com

T: 412-374-0989