Concordia Resource Corp. (TSX VENTURE:CCN) is pleased to announce that its joint
venture partner, High Power Exploration Inc. (HPX), has commenced an initial
drill program and will begin an airborne magnetics survey this month over the
southern licences of Concordia's Ebende Project in the Democratic Republic of
Congo (DRC). The exploration program is targeting nickel-copper and platinum
group elements.


HPX, a well-funded, private exploration company that owns proprietary
geophysical technologies, is operating the project and earning an 80% interest
by solely funding the exploration.


The Ebende Project is comprised of 17 licences and covers approximately 5,300
square kilometres (2,046 square miles) in south-central DRC. The first phase of
exploration will consist of approximately 3,400 metres of core drilling with
down-hole geophysics, a high-resolution, airborne magnetic survey and a ground
gravity survey of specific targets. One drill hole has been completed to date
and core from the hole has confirmed the presence of disseminated and stringers
of sulphide mineralization. Assay results of the drill core are pending and will
be released when received.


Exploration at the Ebende Project will be focused on targets within a
130-kilometre-long, eight-kilometre-wide linear feature identified by airborne
magnetics, and coincident, anomalous nickel-copper-cobalt-platinum-group
elements.


An airborne magnetic survey planned to test an extension of this feature over
approximately 80 kilometres to the southeast has received overflight
authorization and is expected to be completed this month. The airborne magnetic
survey should provide additional information and targets for the current
drilling program. 


The prominent northwest-trending magnetic feature is interpreted as two
extensive, layered sill complexes emplaced within a northwest-trending
Neoproterozoic basin that lies marginal to the Kasai Craton. Concordia believes
that this structure is an intra-cratonic, flood-basalt intrusive complex, with
the potential to hold extensive related copper-nickel-PGE mineralization.


Concordia retains a carried interest of 20% in the project's first phase of
exploration shared evenly with Bugeco S.A., a private Belgian company. If a
decision is made to proceed to pre-feasibility and a NI 43-101 Technical Report
is produced, Concordia will fund its share of the second phase of exploration.
Should Concordia choose not to fund its share, Concordia and Bugeco S.A. can be
diluted down to a minimum of 10%, which the Company could then choose to convert
to a 3% net profit interest.


Qualified Person

The exploration program is being managed by Marcus Birch, Chief Operating
Officer of HPX, and by Mike Lynn, Principal Consultant of the MSA Group (South
Africa). MSA is conducting the fieldwork, with technical input on the JV
Management Committee from Roy Corrans, a Director of Bugeco S.A. Mr. Corrans is
a registered member of the South African Council for Natural Scientific
Professions and is a qualified person in accordance with National Instrument
43-101 Standards of Disclosure for Mineral Projects (NI 43-101). Mr. Corrans is
independent of Concordia within the meaning of NI 43-101. The JV Management
Committee reports to Concordia's board of directors through Barry Bayly, a
registered member of the South African Council for National Scientific
Professions and a qualified person in accordance with National Instrument 43-101
Standards of Disclosure for Mineral Projects. Mr. Bayly is the Chief Operating
Officer of Swala Resources Inc., a wholly-owned subsidiary of Concordia, and
therefore not independent within the meaning of NI 43-101. 


ABOUT CONCORDIA

Concordia is a well-financed, junior exploration company with an emphasis on
developing mineral deposits in Africa and South America. Concordia has an
extensive exploration portfolio in the resource-endowed regions, including
Burkina Faso, the Democratic Republic of Congo, Mozambique and Argentina. In
addition, Concordia has acquired an option to purchase 100% of the historic La
Providencia silver mine in the Puna of northwestern Argentina and also has
acquired an option to purchase the 14,000-hectare Cerro Amarillo-Cajon Grande
copper-gold-molybdenum property in the Malargue District of Argentina. The
Company has an experienced management team and board of directors with extensive
international expertise. 


To view Figure 1 and Figure 2, click on the following link:
http://media3.marketwire.com/docs/c1217m.pdf


On behalf of the Board of Concordia Resource Corp.

R. Edward Flood, Chairman

Certain of the statements made and information contained herein are
"forward-looking information" within the meaning of the British Columbia
Securities Act, including results from drilling, the anticipated costs of the
drill program and the results from the airborne magnetic survey. Forward-looking
information is subject to a variety of risks and uncertainties that could cause
actual events or results to differ from those reflected in the forward-looking
information, including, without limitation, risks and uncertainties relating to
risks inherent in mining, including environmental hazards, industrial accidents,
unusual or unexpected geological formations, ground control problems and
flooding; risks associated with the estimation of mineral resources and reserves
and the geology, grade and continuity of mineral deposits; the possibility that
future exploration, development or mining results will not be consistent with
the Company's expectations; the potential for and effects of labour disputes or
other unanticipated difficulties with or shortages of labour or interruptions in
production; actual ore mined varying from estimates of grade, tonnage, dilution
and metallurgical and other characteristics; the inherent uncertainty of
production and cost estimates and the potential for unexpected costs and
expenses, commodity price fluctuations; uncertain political and economic
environments; changes in laws or policies, delays or the inability to obtain
necessary governmental permits; and other risks and uncertainties, including
those described in each management discussion and analysis. Forward-looking
information is, in addition, based on various assumptions including, without
limitation, the expectations and beliefs of management, the assumed long-term
price of metals; appropriate equipment and sufficient labour and that the
political environments where the Company operates will continue to support the
development and operation of mining projects. Should one or more of these risks
and uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in the forward-looking
information. Although the Company has attempted to identify important factors
that could cause actual results to differ materially, there may be other factors
that cause results not to be anticipated, estimated or intended. The Company
does not intend, and does not assume any obligation, to update the
forward-looking information to reflect changes in assumptions or changes in
circumstances or any other events affecting such information, other than as
required by applicable law. Accordingly, readers are advised not to place undue
reliance on forward-looking information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Concordia Resource Corp.
+1-604-669-6446
info@concordiaresourcecorp.com
www.concordiaresourcecorp.com

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