Swala Resources Shareholders Vote Unanimously in Favor of Acquisition by Concordia

Concordia Resource Corp. (TSX VENTURE:CCN) ("Concordia" or the "Company") is
pleased to announce that, following the meeting on 23 December 2011, the
shareholders and other securities holders of Swala Resources Inc. ("Swala") have
voted unanimously in favor of the acquisition of Swala by Concordia. This vote
was a condition for the Definitive Agreement between Concordia and Swala that
was signed on 20 October 2011. Subject to receipt of regulatory and court
approval we anticipate that the transaction will be completed in early January. 


Toby Mayo, President of Concordia, commented, "The combination of the Concordia
and Swala teams and portfolio of projects, added to Concordia's strong balance
sheet and experienced board of directors, will place the combined company in an
exceptional position to take advantage of current market conditions and to
finance the development of our new portfolio of West African projects,
especially the flagship Kerboule gold project in Burkina Faso."


ABOUT CONCORDIA 

Concordia Resource Corp. is a junior mining exploration company. The acquisition
of Swala adds to Concordia's precious metals portfolio, which includes the
past-producing La Providencia silver mine in Argentina, and positions the
Company as a well-financed African explorer with an emphasis on developing gold
deposits holding the potential of one million ounces upwards. Members of Swala's
technical team are former Anglo American plc. and De Beers executives with
extensive experience of operations throughout the African continent. Concordia
has its head office and executive management team in Vancouver, Canada; its
technical team is based in Reno, Nevada.


On behalf of the Board of Concordia Resource Corp.

R. Edward Flood, Chairman

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