Cardinal Resources plc Files Annual Canadian Oil and Gas Reserves Disclosure

Cardinal Resources plc (AIM: CDL) (“Cardinal” or “the Company”), an independent oil and gas production and exploration company operating in Ukraine, today announces that it has filed its Statement of Reserves Data and Other Oil and Gas Information, Report of Independent Qualified Reserves Evaluator and Report of Management and Directors for the 2005 fiscal year, as required under Canadian Securities Administrators National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. These filings can be accessed electronically from the SEDAR system at www.sedar.com.

The information contained in this filing was extracted from the May 2006 Reserve Evaluation Report prepared by RPS Energy Canada Ltd., the Canadian-registered sister company to Scott Pickford. The Canadian filing is based on the same reserve and price forecast data contained in the May 2006 report.

This filing requirement dates back to when Cardinal’s predecessor, Carpatsky Petroleum Inc., was a public company in Canada.

Notes to Editor

Cardinal Resources plc

Cardinal Resources plc is an independent oil and gas company engaged in the acquisition, development, production and exploration of oil and natural gas properties in Ukraine. Cardinal is an experienced operator in the country focused on expanding its existing operations through the farm-in or acquisition of additional upstream oil and gas assets that can be further developed through the application of modern technology and expertise.

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Contact:

For further information please contact:

Cardinal Resources Kate Spiro +44 (0) 20 7936 5258

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Parkgreen Communications Justine Howarth / Victoria Thomas +44 (0) 20 7493 3713

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Source: Cardinal Resources plc