Concordia Resource Corp. (TSX VENTURE:CCN) ("Concordia" or the "Company") is
pleased to announce the completion of its initial field campaign at its Cerro
Amarillo copper-molybdenum-gold porphyry project in Argentina (the "Cerro
Amarillo Property"), with strong indications of large copper-molybdenum-gold
potential.


The Cerro Amarillo Property covers 14,222 hectares and contains a series of
porphyry occurrences (Cerro Amarillo, Cajon Grande, and C4) and a further three
color/alteration anomalies (C2, C3, and Dead Cow) within a structural corridor.
Detailed mapping and rock sampling has shown that at least three of the systems
are mineralized, with select hand samples returning grades up to 8% copper and
57 g/t gold.


Historic sampling at the Cajon Grande porphyry target, completed by BHP Billiton
("BHPB"), returned values up to 4.4% copper, 4.2 g/t gold and 1,500 g/t silver;
while Concordia's samples returned values of up to 1.5% Cu, 2.4 g/t Au, 765 g/t
Ag, and 334 ppm molybdenum. In addition, samples from epithermal veins of
barite-siderite-sulphide distal to the intrusion contained up to 8.2% Cu, 2.5
g/t Au and 100 g/t Ag. 


Previous sampling at the Cerro Amarillo porphyry returned results of up to 1.5%
Cu, 1.0 g/t Au and 550 ppm Mo, while an isolated outcrop of dacite dyke returned
a value of 57 g/t Au. Concordia's confirmatory sampling returned values up to
0.8% copper and 0.9 g/t gold. The C4 sampling gave values up to 0.2% Cu, 179 ppm
Mo and 0.2 g/t Au.


The first phase of exploration has led to the development of a drill targets for
a first-stage drilling program to be executed later this year with the onset of
the austral spring. Concordia is actively seeking, and is in preliminary
discussions with, potential joint venture partners for the ongoing exploration
program at the Cerro Amarillo Property.


To view a map of the Cerro Amarillo Property, please click the following link:
http://media3.marketwire.com/docs/ccnmap.pdf. 


Edward Flood, Concordia CEO, commented; "We are extremely encouraged by the
results of this work. Not only has the mapping and sampling indicated the
fertility of the systems, each system has a large scale footprint indicating
large-tonnage Cu-Mo-Au potential. Moreover, the Cerro Amarillo Property's
geological similarity to the world class El Teniente and Los Bronces deposits as
well as its the location within the extension of the same Neogene magmatic arc
bodes well for future exploration success."


A drill proposal has been tabled with a view to testing the three identified
porphyry systems, and additional mapping, sampling, and geophysics are planned
for the exploring the additional color anomalies on the property when access to
the project area can be re-established later this year.


CERRO AMARILLO PROPERTY DETAILS

The Cerro Amarillo Property covers an area of 14,222 ha and contains three
porphyry occurrences and a further three alteration anomalies. The three
porphyry occurrences lie in a northeast-trending corridor with Cerro Amarillo in
the northeast, Cajon Grande in the center, and C4 in the southwest of the 14 km
x 10 km property. 


The Cerro Amarillo occurrence in the northeast contains a classical
porphyry-style mineralized system that includes stockwork, disseminated,
breccias, skarn, and vein-types of mineralization. These types of mineralization
are zoned with a central porphyry plug containing abundant quartz-magnetite vein
stockworks together with disseminated chalcopyrite. This plug is surrounded by
mineralized hydrothermal breccias with abundant pyrite, which may result in an
excellent supergene trap for leached copper and gold. Skarn mineralization
occurs in almost perfect ring at the intersection of the vertical cylinder of
breccias and the shallow-dipping calcareous sedimentary sequence. At the current
level of erosion, almost the entire ring is exposed. Sparse peripheral veins of
containing barite, hematite, galena, and sphalerite occur out to a radius of
approximately one kilometer. The unique level of exposure of this system would
allow the core stockwork-disseminated mineralization, the supergene breccias,
and the skarns to be extracted in a single open-pit with a very low stripping
ratio.


At Cajon Grande, the porphyry intrusions also exhibit copper-gold-molybdenum
mineralization and associated hydrothermal alteration. The alteration includes
an early stage potassic (quartz biotite) event with associated copper
mineralization. This was immediately followed by a stage of intense stockwork
veining and associated sodic-calcic (actinolite albite +/- sericite) alteration.
Most of the copper seems to be associated with this event, which is also
strongly associated with the appearance of magnetite. In addition,
low-temperature, sub epithermal, barite siderite sulphide veins occur distal to
the porphyry system.


The C4 system in the southwest of the property has the potential to host a very
large zone of mineralized porphyry and breccia. There is extensive hydrothermal
alteration developed over a six kilometer strike. This alteration includes zones
of quartz pyrite with argillic overprinting developed over a strike of at least
two kilometers, and extending beyond that into shears and peripheral breccia
zones. Magnetite, magnetite-actinolite, and specular hematite veins, stockworks
and breccias occur below this main phyllic zone, and the alteration can be
interpreted as a lower sodic-calcic alteration phase, with a possible elongate
core of potassic alteration which has not been exposed at surface, telescoped
upwards into the strongly developed phyllic zone.


QUALIFIED PERSON

Field work at the Cerro Amarillo Property was undertaken by a team of geologists
and technicians under the direction of Project Geologist Zachary Flood, BSc, and
all activities were supervised by Dr Willem Fuchter, PGeo, CEO of the Company's
wholly-owned subsidiary, Meryllion Minerals Corp. Dr Fuchter is a Member of the
Association of Professional Geoscientists of Ontario ("APGO") 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 on
the Cerro Amarillo Property, and has verified the data disclosed in this news
release. Samples were sent to the accredited facilities of ALS Chemex Laboratory
in Mendoza, Argentina. Au was analyzed using fire assay methods with an atomic
absorption finish while Cu, Mo, Pb, Zn, Ag, and a further 42 elements were
analyzed using inductively coupled plasma methods; all over limit results for
Cu, Pb, Zn, and Ag were reanalyzed by fire assay.


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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