Perth, June 19, 2017 AEST (ABN Newswire) - Cardinal Resources Limited (ASX:CDV) (OTCMKTS:CRDNF) ("Cardinal" or the "Company") is pleased to announce that Royal Bank of Canada ("RBC"), and its related bodies corporate, has become a substantial shareholder of Cardinal through on-market purchases.

RBC became a substantial shareholder of Cardinal on 13 June 2017 with an ordinary shareholding of 5.0%.

Archie Koimtsidis, MD/CEO of Cardinal, said:

"We welcome RBC and their team as a substantial shareholder of the Company. Their investment confirms the tremendous potential of our Ghanaian Projects."

About Cardinal Resources Ltd

Cardinal Resources ASX:CDVCardinal Resources Ltd (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) is a gold-focused exploration and development Company which holds interests in tenements within Ghana, West Africa. The Company is focused on the development of the Namdini Project through a resource expansion drilling programme, which will form the basis of a Preliminary Economic Assessment ("PEA") which is in progress.

Exploration programmes are also underway at the Company’s Bolgatanga (Northern Ghana) and Subranum (Southern Ghana) Projects.



Archie Koimtsidis
Cardinal Resources Limited
P: +61-8-6558-0573
Skype: cardinal.archie

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