As previously reported, Cardinal Resources, Inc. (the “Company”) has outstanding various convertible promissory notes. Two of these notes have matured, and are in default with outstanding principal, accrued interest and penalties in the amounts of $ 533,776.39 including legal fees, regular interest and default interest (“Note 1”) and $9,900 (“Note 2”), respectively. Effective January 19, 2017, the Company reached a settlement with the holder of Note 1 to pay a total of $250,000 in 21 equal monthly cash payments, the first of which was made on January 23, 2017. Effective January 17, 2017, the Company agreed with the holder of Note 2 to cancel a pending conversion to stock and pay off the outstanding amount owed in a single cash payment.

About CARDINAL RESOURCES, INC. (OTCMKTS:CDNL)

Cardinal Resources, Inc. is a producer of solar powered, community-scale drinking water systems. The Company’s services include environmental and engineering services, remediation and engineering design, environmental investigations, regulatory consulting, wastewater and storm water management, and water supply. The Company’s environmental and engineering services range from design of custom systems to water distribution systems, from regulatory considerations, to finding and assessing appropriate water supplies. The Company provides remediation services in active and inactive industrial, mining, and waste disposal sites. It also provides in-depth research and analysis for resolution of environmental regulatory problems. The Company also provides Mobile Red Bird System, Community Red Bird System-10 and Community Red Bird System-20.

CARDINAL RESOURCES, INC. (OTCMKTS:CDNL) Recent Trading Information

CARDINAL RESOURCES, INC. (OTCMKTS:CDNL) closed its last trading session up +0.00010 at 0.00490 with shares trading hands.