Concordia Resource Corp. (TSX VENTURE:CCN) ("Concordia" or "the Company") is
pleased to report positive results from excavator trenching at its 100% owned
Kerboule Project in northern Burkina Faso, with on-going drilling to define an
initial resource.


Highlights from Concordia's recently-completed trenching program at the Kerboule
South area include 35 meters averaging 1.87 g/t Au, including 14 meters at 3.12
g/t Au (trench AT11-001); and 44 meters at 0.9 g/t Au, including 22 metres at
1.57 g/t Au (trench AT11-002A). A seven meter intersection of 0.73 g/t Au,
including three metres at 1.43 g/t, has been sampled in trench AT11-010 in the
Kerboule North area, a distance of approximately two kilometres. In particular,
the results have shown that gold mineralization continues well beyond high-grade
vein controls and into the surrounding host rock. 


The trenching was designed to identify extensions to zones of known gold
mineralization outlined in last year's drilling program. This year's work has
identified further mineralisation at surface along the Kerboule trend, and
provides additional evidence for extensive, wide, disseminated gold
mineralisation over a strike of at least four kilometers. 


As a follow up to the trenching program, Concordia has commenced a core and RC
drilling program. The Company has to date completed 3,420 meters of core
drilling (7 holes) and 6,849 meters of RC drilling (47 holes) as part of a
definition process to generate of an initial NI 43-101 resource as well as
following up on new zones identified by the trenching and auger sampling. 


The core drilling was designed specifically to step out from historic holes that
included 50 meters (from 0 to 50 meters depth) at 1.69 g/t Au and 46 meters
(from 1 to 47 meters) at 1.73 g/t Au with an interval of 7 meters at 7.94 g/t
Au. A number of the historical drill holes ended in mineralization. RC drilling
is on-going, with an additional 10,000 meters planned in the current program,
and a further 10,000 meters planned for a second phase during Q2 2012. The
Company has also completed approximately 23,000 meters of auger sampling
throughout the 400 km2 Arae/Gassel-Manere licenses as part of the regional
target generative program. 


The exploration program has been designed to investigate the extent of
mineralization within the Birimian greenstone volcano-sedimentary sequences on
the Company's licenses, and more specifically, extensions of the Inata shear
zone, a regional north-northeast trending structure that hosts the nearby 3.46
million ounce Inata gold deposit. It is estimated that Birimian greenstones are
host to approximately 7 million ounces of gold production per year throughout
West Africa. 


A total of 3.8 line kilometers of trenching have been completed; results have
been received for 12 out of 14 trenches excavated during this program (588 out
of 3,821 samples). Significant results from the trenching program to date are
shown below.




                                       From         To   Interval         Au
Trench                                  (m)        (m)        (m)      (g/t)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
AT11-001                                 54        150         96       0.77
                Including                                      35       1.87
                Including                                      14       3.12
AT11-002A                                60         67          7       0.45
                                         84        128         44       0.90
                Including                                      22       1.57
                                        141        143          2       0.76
AT11-007                                185        186          1       3.09
AT11-010                                  6         13          7       0.73
                Including                                       3       1.43
AT11-011                                 78         81          3       0.47
                                        115        119          4       0.39
AT11-012                                 67         70          3       0.47
GT11-003                                 74         83          9       0.30
                Including                                       2       0.58
                                        131        132          1       1.78
                                        145        200         55       0.43
                Including                                       2       3.39
                                                                8       0.71
GT11-006A                                54         56          2       0.44
                                         80         87          7       1.12
                                        122        123          1       9.94
----------------------------------------------------------------------------
                                                                            
Notes:  Cut-off for intersections is 0.2 g/t. No top-cut has been applied   
        Horizontal channel sampling was carried out at approximately 1m from
        the base of the trench. Samples were assayed using Bottle Roll      
        analysis.                                                           



To view Figure 1: Map showing the positions of the trenches and artisanal
workings in the southern part of the Arae/Gassel-Manere licenses, please visit
the following link:


http://media3.marketwire.com/docs/771802.pdf

Concordia Chairman and CEO, Edward Flood, stated, "Initial results support our
assessment that the Kerboule Project has extensive upside potential as
demonstrated by the widespread nature and continuity of the gold mineralization
identified to date. These results confirm our initial valuation and acquisition
of Swala Resources as well as demonstrating the potential for further
discoveries in Burkina Faso."


KERBOULE PROPERTY DETAILS 

The property covers 400 km2 of which approximately 80 % has been mapped and
sampled with numerous additional targets identified for follow-up work. The
trenches confirm a favorable NNE structural vein control with numerous folds and
offsets, similar to that found at the Inata Mine, successfully operated by
Avocet Mining approximately 20 kilometers south of Concordia's current drilling
program. Concordia has 100% ownership of the Kerboule property, subject to a 3%
NSR, which can be reduced to 1.5% with the payment of US$1.5 million.


QUALIFIED PERSON

Mr. Barry Bayly, is a member of the South African Council for National
Scientific Professionals (SACNSP), South Africa and is a qualified person in
accordance with National Instrument 43-101 Standards of Disclosure for Mineral
Projects ("NI 43-101"). He is responsible for the exploration program in the
Arae and Gassel-Manere licenses. He has verified the data disclosed in this news
release. The trench samples were submitted to the Bigs Global Laboratory in
Ouagadougou, Burkina Faso for preparation and assaying using the bottle-roll
'leachwell' flame-AAS technique. In order to ensure the Quality Control of the
samples 4% of the samples were Standards, 3% were Blanks and 3% Duplicates.
These were inserted at regular intervals to ensure a constant control of the
quality of the sample results. Mr. Bayly is the chief operating officer of Swala
and is 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 of Burkina Faso,
Gabon, the Democratic Republic of Congo (the "DRC") and Zimbabwe, with a land
package in Africa totalling over 12,400 km2. In addition, Concordia has acquired
an option to purchase 100% of the historic La Providencia silver mine located in
the Puna of northwestern Argentina and has also acquired an option to purchase
the 14,000 ha Cerro Amarillo-Cajon Grande copper-gold-molybdenum property
located in the Malargue District of Argentina. The company has an experienced
management team and board of directors with extensive expertise across the
globe. 


On behalf of the Board of Concordia Resource Corp.

R. Edward Flood, Chairman

Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the British Columbia
Securities Act. When used in this news release, the words "anticipate",
"believe", "estimate", "expect", "target", "plan", "forecast", "may", "schedule"
and similar words or expressions, identify forward-looking information. The
forward-looking information relate to, among other things, the receipt of
necessary permits to conduct exploration and construction, timing of anticipated
exploration program and results of current exploration program, the number of
the holes and meters to be drilled and future plans of the Company.
Forward-looking information is subject to a variety of risks and uncertainties
which 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 environment 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.


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