Cardero Resource Corp. announced that at its AGM held on September 13, 2012, Paul Matysek, Ryan Dunfield and the company's President & CEO, Michael Hunter joined the Board of Directors of the company. Mr. Matysek is the former CEO and Founder of Lithium One Inc. Under Mr. Matysek's stewardship, Lithium One Inc. developed a leading lithium brine resource in Argentina and was just recently acquired by Galaxy Resources Ltd. in July 2012.

Previously, Mr. Matysek was the co-founder, CEO and President of Energy Metals Corporation (EMC) from 2005 to August 2007. Mr. Dunfield is Vice President with the Vancouver, B.C. private equity group Second City Capital Partners, and its affiliate, Gibralt Capital Corporation. Mr. Dunfield is heavily involved with the acquisition and divestiture of portfolio companies within the resource sector.

Previous to Second City Capital Partners, Mr. Dunfield worked in the debt capital markets, with exposure to corporate banking, leveraged finance and loan syndications.