Drill Results

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Property	Country	Drill Hole ID	From (m)	To (m)	Width (m)	Commodity	Grade	Units	Width x Grade	Source	Date	Company


Sheini Hills	Ghana	SCD055	81.00	170.70	89.70	IRON ORE	46.16	%	4140.552	PB229644.PDF	September 05, 2012	Cardero Resource Corp.
Sheini Hills	Ghana	SCD055	50.20	63.90	13.70	IRON ORE	47	%	643.9	PB229644.PDF	September 05, 2012	Cardero Resource Corp.
Sheini Hills	Ghana	SCD055	38.70	63.90	25.20	IRON ORE	42.34	%	1066.968	PB229644.PDF	September 05, 2012	Cardero Resource Corp.
Sheini Hills	Ghana	SCD055	6.00	27.55	21.55	IRON ORE	42	%	905.1	PB229644.PDF	September 05, 2012	Cardero Resource Corp.
Sheini Hills	Ghana	SCD055	0.00	4.00	4.00	IRON ORE	30.34	%	121.36	PB229644.PDF	September 05, 2012	Cardero Resource Corp.