CCN Kaizen Discovery, Inc.

Concordia Resource Corp (TSX VENTURE: CCN) ("the Company") is pleased to announce that its wholly owned subsidiary, Meryllion Minerals Corporation ("Meryllion"), has received results from confirmation sampling undertaken during the recently completed exploration campaign at its Providencia Ag-Cu prospect in northwestern Argentina.

The property hosts Ag-Cu mineralization, and produced some five million ounces of silver between 1986 and 1997 from ore grading between 400-500 g/t Ag. Mineralization is hosted by a gently dipping, poorly consolidated, green conglomerate unit floored and capped by dark red mudstones and white sandstones respectively. The conglomerate unit was the primary target of previous mining, and four shallow open pits were developed - the North, Central, South, and West Pits. Mineralization is open along strike to both the north and south, as well as down-dip to the east within the gently dipping conglomerate unit.

The results received from the channel sampling range up to 4160 g/t Ag and 3.62% Cu (see table below), and the average unweighted values for channel samples collected from the Green Conglomerate Member are 657 g/t Ag and 0.66% Cu. By comparison, the previous channel sampling of the old workings by Cardero in 2003 returned values ranging up to 4064 g/t Ag and 3.97% Cu, and the average unweighted values from the Green Conglomerate Member were 506 g/t Ag and 0.46% Cu.

TABLE 1. Channel Sampling Results form Green Conglomerate Member
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SAMPLE LOCATION                    Ag (ppm)  Cu (ppm)  Pb (ppm)  Zn (ppm)
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1255   South Pit - Bench 3, C3         453      7180      4260      3680
1256   South Pit - Bench 5, C1        53.6       363      4670      6220
1257   South Pit - Bench 7, C3         402      3780      3210      5250
1258   South Pit - Bench 7             945      8630      3030      5660
1259   West Pit                       1940     36200      7910      2360
1260   Central Pit                    2380     17250     14200      3680
1262   Central Pit - South Face        698      5300     19150      1890
1263   South Pit - Bench 8            4160     16250      2460      3820
1266   West Pit                       19.4       374     12350      3350
1267   Base of "Crud Hill"             204      2540      1100      4010
1268   North Pit - East Face          1280     13550       867      1270
1269   North Pit - East Face           470      5260      6600      1400
1270   North Pit - East Face           508      4460      6950      1500
1271   North Pit - West Face           518      5590       864      2760
1272   North Pit - West Face           159       714       613      1540
1273   North Pit - West Face          96.3       398       295      1440
1274   North Pit - West Face          5.38        27       281      1750
1275   North Pit - West Face          76.4       406     182.5      1610
4076   North Pit - West Face           768     10950       874      2420
4077   North Pit - West Face          16.1      22.4       247      1820
4078   North Pit - West Face           820      9800       338      1930
4079   Below West Pit                  430     11800       679      2080
4081   West Pit                        535      6490      4740      2650
4082   South Road Cut                  149      3770      2520      3710
4083   South Hill- Lower Pit          12.1       290     14050      1870
4084   North Pit - South Face          645      7320     19400      3990
4085   Side of "Crud Hill"            0.62      22.5       697       843
------------------------------------------------------------------------

Samples were dispatched via commercial transport to the ALS Chemex Laboratory in Mendoza, Argentina for analysis.

Meryllion has completed an environmental study and has received documented support from the two local communities for its exploration activities. The Company is now preparing for an initial program of approximately 3000 m of core drilling and has awarded the drilling contract. Drilling activities are expected to commence in early August.

Exploration at Providencia is being conducted under the supervision of Dr. Willem Fuchter PGeo, CEO of Meryllion and a Qualified Person as defined by Canada's National Instrument 43-101. The sampling was carried out under the direction of John Rice, VP Exploration for Concordia, and the contents of this release have been reviewed by Ms. Pamela Klessig, Director of Concordia and a Qualified Person.

ABOUT MERYLLION

Meryllion Minerals is a wholly owned subsidiary of Concordia with the charter to conduct mineral exploration in South America with a primary focus on precious and base metals. Meryllion operates out of offices in Buenos Aires under the direction of Dr. Willem Fuchter, PGeo, a PhD geologist with extensive international experience and a Qualified Person under NI 43-101.

ABOUT THE COMPANY

Concordia Resource Corp. is a mineral exploration company with property holdings in North and South America and Spain. The Company holds the Albisu gold discovery in Nevada, and is earning from Renaissance Gold Inc. a 70% interest in the Baza gold-copper project in Spain. Through its wholly owned South American subsidiary, Meryllion Minerals Corp, the Company is earning 100% of the historic La Providencia silver mine located in the Puna of northwestern Argentina and has also acquired an option to purchase the 14 000 ha Cerro Amarillo-Cajon Grande copper-gold property located in the Malargue District of Argentina. Concordia has its head office and executive management team in Vancouver, Canada; and its technical team is based in Reno, Nevada.

On behalf of the Board of Concordia Resource Corp.

R. Edward Flood, Chairman

Forward Looking Statements

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act, including the receipt of necessary permits to conduct exploration and construction, timing of anticipated exploration program, the number of the holes and meters to be drilled and future plans of the Company. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, risks and uncertainties relating to risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described in each management discussion and analysis. Forward-looking information is in addition based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of metals; appropriate equipment and sufficient labour and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information.

The TSX-V has neither approved nor disapproved the contents of this press release. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release.

Contacts: Concordia Resource Corp. Karl Cahill VP, Investor Relations +1-858-531-6100 Concordia Resource Corp. Richard Roy Corporate Communications +1-604-628-7649 info@concordiaresourcecorp.com www.concordiaresourcecorp.com