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Cardero Resource Corp.: Cardero and World Copper Amend Letter Agreement Vancouver, British Columbia (Newsfile Corp. - June 9, 2021) - Cardero Resource Corp. (TSXV: CDU) (FSE: CR5) ( Cardero or the Company ) is pleased to announce that it has entered an amending agreement dated June 4, 2021 (the Amending Agreement ) to the letter agreement dated April 13, 2021 entered into with World Copper Ltd. ( WCU ) intending to merge the businesses of the two companies (the Proposed Transaction ). (See press release dated April 20, 2021). As previously announced, under the terms of the Proposed Transaction, WCU would acquire all of the outstanding common shares of Cardero in consideration of the issuance of common shares of WCU such that upon the completion of the Proposed Transaction, the number of WCU shares held by former shareholders of Cardero, on a non-diluted basis, will be 40% with the remaining 60% held by the existing shareholders of WCU.

United statesUnited kingdomBritish columbiaRobert koppleMarla ritchieStuartr rossCardero resource corpWorld copper ltdBritish columbia newsfile corpRegulation services providerVenture exchangeWorld copperProposed transactionAmending agreementKopple entityLetter agreement