Holding in Company

Cardinal Resources plc
08 February 2006

HOLDINGS IN COMPANY



LONDON - Wednesday, 8th February 2006



Cardinal Resources plc (AIM:CDL) ('Cardinal' or 'The Company'), an independent
oil and gas production and exploration company operating in Ukraine, was
recently notified that, following a sale of shares on 20th January 2006, RAB
Capital no longer has a disclosable interest in the issued Ordinary Share
capital of the Company.




For further information please contact:


Cardinal Resources                        Parkgreen  Communications
Kate Spiro                                Justine Howarth / Victoria Thomas
[phone]                      [phone]
[e-mail]                    [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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