Concordia Generates More Strong Results at the Kerboule Project, Including a One Meter Intercept of 188 g/t Gold (6 opt) With...

Concordia Resource Corp. (TSX VENTURE:CCN) ("Concordia" or the "Company") is
pleased to report the generation of further positive results from ongoing
reverse circulation ("RC") drilling at its 100% owned Kerboule Project in
northern Burkina Faso, including a high-grade intercept of 188 g/t gold over one
meter within a broad zone returning 7.4 g/t over 29m (hole KBS_RC_010). Other
highlights include 9m at 3.7 g/t and 11m at 2.7 g/t (KBS_RC_001); and 20m at 2.4
g/t (KBS_RC_005).


Assay results are now available for 10 out of 23 RC holes drilled on the
Kerboule South target area, part of the larger Kerboule Project where gold
mineralization has to date been identified over a strike length of at least four
kilometers.


To view a map showing the Kerboule Project preliminary drilling results, click
on: http://media3.marketwire.com/docs/ccn411.pdf


Highlights of the latest results from Kerboule South include the following
intersections.




---------------------------------------------------------------------------
Hole             Type       From (m)      To (m)   Interval (m)   Gold (g/t)
---------------------------------------------------------------------------
KBS_RC_001       RC              14          23              9         3.71
KBS_RC_001       RC              45          56             11         2.65
KBS_RC_002       RC             133         139              6         2.42
KBS_RC_005       RC              31          37              6         1.07
KBS_RC_005       RC              67          87             20         2.39
Including                        73          81              8         4.28
KBS_RC_005       RC              96         100              4         1.83
KBS_RC_006       RC              15          18              3         2.55
KBS_RC_006       RC              52          57              5         1.12
KBS_RC_008       RC              73          93             20         0.97
Including                        73          80              7         1.36
KBS_RC_009       RC               6           8              2         1.17
KBS_RC_010       RC             101         130             29         7.43
Including                       115         128             13        15.62
Including                       127         128              1       188.11
---------------------------------------------------------------------------

Note: Intervals do not represent true thickness.



"We are encouraged by the ongoing results from our Kerboule exploration program,
where we continue to identify broad zones of gold mineralization with some
exceptionally high grade intersections of up to 188 g/t gold; and we are equally
encouraged by the positive implications that these bonanza grades have for the
strength of the overall system. While we do not see these bonanza intercepts as
specific targets for detailed drilling at this stage of the development, they do
make great headlines," reported Edward Flood, Concordia CEO.


These and previous results confirm wide zones of mineralization at Kerboule
South. Previous RC and core drilling in this season's program has also
encountered wide intersections at Kerboule Main, over 2.5 km further north along
the Kerboule/Yalema trend. This provides additional evidence for extensive,
wide, disseminated gold mineralization over at least four kilometers.


The first stage of drilling, which forms part of a program to extend the zone of
mineralization and define a Mineral Resource at Kerboule, has been completed.
Assays are being received and interpreted along with a recent induced
polarization (IP) survey and a number of trench and auger samples. A second
phase of drilling will be implemented once all outstanding results have been
received and interpreted, with the plan to complete a further 10,000 meters of
RC drilling later this quarter and into early 3Q 2012.


Concordia has so far received results from 25 (out of 70) RC holes and 2 (out of
12) core holes at the Kerboule Project. Additional results will be released as
they are received.


KERBOULE PROJECT DETAILS

The project area covers 400 km2 of which approximately 80 percent has been
mapped and sampled with numerous additional targets identified for follow-up
work. The Phase 1 program of trenching, RC and core drilling confirm a favorable
north-northeast structural vein control with numerous folds and offsets with
broad zones of oxide mineralization over at least four kilometers, and similar
in style to that found at the Inata Mine (operated successfully by Avocet Mining
plc. (AIM:AVM), and lying approximately 20 km south of Kerboule). Concordia has
100% ownership of the Kerboule project, subject to a 3% NSR, which can be
reduced to 1.5% with the payment of US$1.5 million.


QUALIFIED PERSON

Mr. Barry Bayly, is a member of the South African Council for National
Scientific Professionals (SACNSP), South Africa and is a qualified person in
accordance with National Instrument 43-101 Standards of Disclosure for Mineral
Projects ("NI 43-101"). He is responsible for the exploration program on
Kerboule. He has verified the data disclosed in this news release. Drill samples
were submitted to the Bigs Global Laboratory in Ouagadougou, Burkina Faso for
preparation and assaying using the bottle-roll 'leachwell' flame-AAS technique.
In order to ensure the Quality Control of the samples, check and repeat assays
were submitted on a regular basis, 4% of the samples were standards, 3% were
blanks and 3% were duplicates. Mr. Bayly is the chief operating officer of Swala
Resources Inc., a 100%-owned subsidiary of Concordia, and is therefore not
independent within the meaning of NI 43-101.


ABOUT CONCORDIA

Concordia is a well-financed junior exploration company with an emphasis on
developing mineral deposits in Africa and South America. Concordia has an
extensive exploration portfolio in the resource-endowed regions of Burkina Faso,
Gabon, the Democratic Republic of Congo (the "DRC") and Zimbabwe, with a land
package in Africa totalling over 12,400 km2. In addition, Concordia has acquired
an option to purchase 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-molybdenum property
located in the Malargue District of Argentina. The Company has an experienced
management team and board of directors with extensive expertise across the
globe.


On behalf of the Board of Concordia Resource Corp.

R. Edward Flood, Chairman

Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the British Columbia
Securities Act. When used in this news release, the words "anticipate",
"believe", "estimate", "expect", "target", "plan", "forecast", "may", "schedule"
and similar words or expressions, identify forward-looking information. The
forward-looking information relate to, among other things, the receipt of
necessary permits to conduct exploration and construction, timing of anticipated
exploration program and results of current 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. Although the Company has attempted to identify
important factors that could cause actual results to differ materially, there
may be other factors that cause results not to be anticipated, estimated or
intended. The Company does not intend, and does not assume any obligation, to
update the forward-looking information to reflect changes in assumptions or
changes in circumstances or any other events affecting such information, other
than as required by applicable law. Accordingly, readers are advised not to
place undue reliance on forward-looking information.
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