Cardero & Coalhunter Mining Corporation Sign Definitive Arrangement Agreement (CDY)

Cardero Resource CDY and Coalhunter Mining Corporation announce that the companies have signed a definitive Arrangement Agreement under which the Cardero will acquire, through the previously announced Plan of Arrangement, all of the outstanding shares of Coalhunter. As set out in the Arrangement Agreement each Coalhunter shareholder holding shares as at the effective date of the Plan of Arrangement will receive 0.8 of a common share of the Company for each common share of Coalhunter held.