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OTC: CDYCF
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May 20, 2004:

Cardero Holds Conference Call

FOR IMMEDIATE RELEASE - Vancouver, B.C.....Cardero Resource Corp. (the "Company" or "Cardero") is pleased to provide the final details and dial-in number for conference call as announced in the Company's news release of May 19, 2004.

The conference call will be held on Wednesday, May 26, 2004 at 8:15 a.m. PST. The Company's President, Henk Van Alphen will chair the call and provide a summary of yesterday's news release regarding the Baja California IOCG Project option/JV with Anglo American Mexico S.A. de C.V. ("Anglo") in Baja California Norte, Mexico. Mr. Van Alphen will also briefly update Cardero's other projects which will be followed by a question and answer period.

Conference Call Instructions & Dial-In Numbers:

Dial in number(s):       403-232-6311 Calgary (International callers to use this number)

                                    780-424-5694 Edmonton

                                    604-899-1159 Vancouver

                                    416-883-0139 Toronto

                                    613-212-4230 Ottawa

                                    514-395-2055 Montreal

North American Toll Free dial in number: 1-888-458-1598 

Participants pass code:  35178#

Instructions for asking questions during the Question and Answer period are as follows:

To ask a question             Press 1

To exit question queue    Press #



If you have any questions or require additional information please contact Cardero's offices.

On behalf of the Board of Directors of

CARDERO RESOURCE CORP.

"Henk van Alphen", President

For further information contact:
Henk Van Alphen, President

Phone: 604.408.7488 / Fax: 604.408.7499

Email: hvanalphen@cardero.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release which has been prepared by management.