EMG Circular to Shareholders

Cardinal Resources plc
14 February 2007



LONDON - Wednesday, 14th February 2007

Cardinal Resources plc (AIM:CDL) ('Cardinal' or 'the Company'), an independent
oil and gas production and exploration company operating in Ukraine, today
mailed a circular to shareholders to notify them of a requisitioned
extraordinary general meeting ('EGM') to be held on the 8th March 2007.

A dissident shareholder, QVT Fund LP, has requisitioned the EGM to remove Robert
J. Bensh as Director, Chairman and Chief Executive and to appoint Mr Igor
Effimoff, an individual unknown to the Board of Cardinal, as a Director and
Chief Executive. The Board of Cardinal has unanimously recommended that
shareholders vote against the proposed resolutions.

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For further information please contact:

Cardinal Resources                           Brunswick Group
Charles Green / Natalia Egorova              Paul Scott
[phone]                         [phone]
[e-mail]           [e-mail]

Nominated Adviser
Nabarro Wells & Co. Limited
John Wilkes / Marc Cramsie
[phone]
[e-mail]

Notes to Editor

Cardinal Resources plc
Cardinal Resources plc is an independent oil and gas production and exploration
company with assets 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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