Cardero Resource Corp. (fka CDYCF)

[Lotto123]

GM AF..... Watch this one...if they start picking them up like candy then it's time to load...


Cardero Grants Incentive Stock Options
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Cardero (AMEX:CDY)
Intraday Stock Chart
Today : Friday 27 January 2012

Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces that, pursuant to its 2002 Incentive Stock Option Plan, it has granted incentive stock options to certain directors, officers, employees and consultants allowing them to purchase up to an aggregate of 1,500,000 common shares in the capital stock of the Company. The options are exercisable at a price of CAD 1.51 for a period of two years ending January 26, 2014.

About Cardero Resource Corp.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of Cardero Resource Corp.

Michael Hunter, President & CEO

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

NR12-04

Contacts:

Cardero Resource Corp.

Kareen McKinnon

Vice-President Investor Relations

Metallurgical Coal Projects

604 638-1428



Cardero Resource Corp.

Nancy Curry

Corporate Communications

Iron Ore Projects

604 638-3287



Cardero Resource Corp.

604 408-7488 or Toll Free: 1-888-770-7488

604 408-7499 (FAX)

[e-mail]

www.cardero.com