CCN Kaizen Discovery, Inc.

Concordia Resource Corp. (TSX VENTURE:CCN) ("Concordia" or the "Company"),
previously Western Uranium Corporation ("Western Uranium" or "WUC") is pleased
to announce that on April 5, 2011 it commenced trading on the TSX Venture
Exchange under its new name and trading symbol - CCN.


The change of name reflects the Company's shift in strategic focus from US-based
uranium exploration to a more diversified worldwide search for precious and base
metals. After six years of sustained effort to delineate a significant uranium
asset, management of the Company concluded that the number and quality of
opportunities in the uranium sector were limited for a junior explorer. One of
the most positive aspects of the time and energy devoted to uranium was the
resulting spinout, in July 2008, of Western Lithium USA Corporation ("Western
Lithium") (TSX:WLC)(OTCQX:WLCDF) as a dividend to the shareholders of Western
Uranium. Western Lithium is in the pre-feasibility stage of developing the Kings
Valley, Nevada lithium deposit into a scalable and reliable source of high
quality lithium carbonate.


Management believes, particularly in light of the current commodities market and
its confidence in the long-term outlook, that by taking a more diversified
approach to target selection significantly more opportunities can be accessed.
Moreover, management considers this approach to be one of the most effective
ways to create value for both current and future shareholders.


The contrast between the paucity of uranium opportunities and abundance of those
within the base and precious metal sector is striking. The current bull market
for these commodities has spawned literally hundreds of junior exploration and
development companies that have spread out over the world, either in search of
new deposits or rebranding old ones in light of the near-record high metal
prices. This renaissance is not particularly well focused or efficient, and this
will create innumerable opportunities for Concordia given the financial strength
of the Company.


There are many reasons as to why Concordia Resource Corp. is well positioned to
not only to recognize but also take advantage of these opportunities:




--  A highly experienced and skilled team: Concordia's skill base is in the
    identification, evaluation and development of prospective mineral
    deposits. The management team brings decades of experience gained in the
    field and in the markets, utilizing the tools that help identify targets
    and the financial know how to raise the funds necessary to daylight the
    value of prospective projects. 

--  Financial strength: A key to the future success of Concordia is the
    financial strength of the Company relative to its peers. Today, the
    Company has approximately $35 million in cash, representing $0.58 per
    share based on 59.9 million shares currently issued and outstanding. In
    addition, the Company owns some 25.5 million shares and 3.0 million in-
    the-money warrants of Western Lithium USA Corporation. As of April 8,
    2011, this represents approximately $34.4 million, or another $0.57 per
    share, for a total of $1.15 per share in cash and marketable securities.

--  Focus on early stage projects: The Company is focused specifically on
    early stage projects at this point in the commodity cycle. This strategy
    has been formed because history - and management's experience -
    indicates that the "sweet spot" for value creation in the mining
    industry today lies in the early-stage exploration and pre-development
    portion of the valuation curve. It is management's belief that more
    value can be created with a drill bit than is possible in the
    acquisition side of the business. This is due primarily to the abundance
    of prospective opportunities created by the extended metal price cycle.
    This is not to say that there could not be a unique prospect or a
    "perfect fit" where the financial strength of the Company matches the
    appropriate asset, and such a venture could be pursued should a suitable
    opportunity be identified. 

--  Existing strong and diversified portfolio: The Company currently holds a
    strong and diversified portfolio of early stage but highly prospective
    exploration projects on three continents. A brief review of the assets
    is provided below: 

a.  Providencia Silver Project, Argentina: Providencia is located in Jujuy
    Province in northern Argentina. It is an historical producer of high-
    grade silver that, between 1987 and 1993, operated at significantly
    lower silver prices than exists today. Records indicate that
    approximately 5 million ounces of silver were produced at the mine
    during this period, at grades of between 350 g/t and 600 g/t. 
    
    Management believes that the property has potential to host a
    significant deposit based upon historic drill results both within the
    mine area and on adjacent ground. Work is currently underway to
    consolidate the existing technical information into a digital database
    and generate targets for a third quarter drill program. The goal is to
    identify a high-grade, near surface, open pit mineable silver deposit in
    a relatively short period of time.
    
    Concordia has the option to purchase a 100% interest in this property.

b.  Cerro Amarillio Copper/Gold Project, Argentina: Cerro Amarillio is a
    gold-rich porphyry project located in southern Mendoza Province,
    Argentina. The property consists of two mineralized but under-explored
    porphyry systems and four unexplored colour anomalies on a regional belt
    which hosts the Los Bronces and El Teniente giant porphyry deposits in
    Chile. Recent mapping and sampling has demonstrated that Cerro Amarillo
    contains a classic porphyry system that includes stockworks,
    disseminated, skarn and breccias styles of mineralization. The results
    of this program have defined a number of targets for approximately 3,000
    meters of initial drilling.
    
    Concordia has the option to earn a 100% interest in the project.

c.  Baza Copper/Gold Project, Spain: Baza is a joint venture with
    Renaissance Gold in southern Spain. Concordia is currently earning a 70%
    interest in the project with a combination of drilling, geophysical
    surveys and geologic mapping. To date the geologic program has outlined
    a large coincident copper and gold system that can be traced for upwards
    of 20 kilometres and is characterized by discontinuous zones hosting
    copper and gold mineralization with values up to 10% copper and 20 g/t
    gold. While the geologic model remains somewhat enigmatic, the recent
    discovery of mineralized intrusive dikes suggests that there is a
    magmatic source for the metals. An aggressive drill program is planned
    for the upcoming field season. 

d.  Albisu Gold Project, USA: Albisu is an internally generated gold
    discovery located at the north end of the McDermitt volcanic feature in
    northern Nevada. The discovery of gold was made during the Kings Valley
    uranium program. It is characterized by a classic epithermal or "hot
    springs" alteration and mineralization signature. Drill results to date
    include relatively high-grade narrow intercepts, such as 1.5 metres
    grading 12.46 g/t and 1.5 m at 14.61 g/t gold, to broader low grade
    intercepts including 41 metres at 0.66 g/t. The gold mineralization is
    hosted in a broadly north-south trending structural zone characterized
    by strong clay alteration and remnant "sinter" deposits that represent
    the surface expression of a hot spring environment characteristic of the
    bonanza grade Sleeper gold deposit to the south. A drill program is
    currently being permitted with the appropriate government agencies. 

--  Continued Expertise in Uranium sector: Western Uranium was formed to
    focus specifically on the exploration and development of uranium assets.
    After years of concerted effort it became apparent that the number of
    meaningful evaluation targets available were few and far between.
    Furthermore, the myriad political and permitting issues associated with
    uranium only complicated these efforts. However, that does not mean the
    Company would reject a uranium opportunity if the potential to add value
    were compelling. 



Concordia's head office remains in Vancouver, Canada, where administrative
overhead is shared with Western Lithium USA Corporation. Exploration offices are
located in Reno, Nevada and Buenos Aires, Argentina. These offices provide
exposure and access to opportunities in North and South America respectively.
Meanwhile, the Vancouver office enables the Company to capitalize on
longstanding industry relationships and local brokerage businesses for deal flow
and technical expertise.


Concordia Resource Corp. is a well-funded exploration company, managed by a
highly qualified team of professionals engaged in the search for value-adding
mineral deposits. The management team is dedicated to advancing the Company and
increasing shareholder's value. 


On behalf of the Board of Concordia Resource Corp

R. Edward Flood, Chairman

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