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FSE: CR5
TSX: CDU

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June 30, 2016: NR16-04

Cardero Reports Results of Annual General Meeting Held June 30, 2016

Vancouver, British Columbia...Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU, OTCBB: CDYCF) is pleased to report that all matters placed before the shareholders at the Annual General Meeting held June 30, 2016 were approved. Individual voting results pertaining to the election of directors are as follows:

Nominee Votes FOR Votes Withheld
HENDRIK VAN ALPHEN 20,647,532 (99.99%) 1,470 (0.01%)
LEONARD HARRIS 20,627,464 (99.90%) 21,538 (0.10%)
STEPHAN FITCH 20,627,464 (99.90%) 21,538 (0.10%)
ROBERT VAN DOORN 20,627,464 (99.90%) 21,538 (0.10%)

The detailed proxy voting on all resolutions submitted to the shareholders at the 2016 Annual General Meeting, is contained in the "Report of Voting Results" for the AGM which is available under the Company's profile on SEDAR and on the Company's website or upon request by contacting the Company's Corporate Secretary at (604) 408-7488.

ABOUT CARDERO RESOURCE CORP.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the OTCBB (symbol CDYCF) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.

"Henk van Alphen" (signed)
Henk van Alphen, CEO and President

Contact Information:
Marla Ritchie
Tel: 604 408 7488 Ext. 3886

General Email: info@cardero.com
Toll Free: 1-888-770-7488
Fax: 604 408-7499

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

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