In response to the current market conditions, Concordia Resource Corp. (TSX
VENTURE:CCN) ("Concordia" or the "Company"), announces that it intends to focus
its resources on the advancement of development stage projects in Burkina Faso,
through its proposed acquisition of Swala Resources Inc. ("Swala"), and at the
100% owned Providencia Silver Project in Argentina. As part of a prioritization
process the Company has made the decision to suspend drilling on both the Baza
copper/gold project in Spain and Albisu gold project in Nevada.


Swala Acquisition

On September 6, 2011 Concordia announced that it had signed a letter of intent
to acquire Swala via a share exchange. Swala brings to Concordia an extensive
exploration portfolio of gold projects in Burkina Faso, as well as a land
package totaling over 12,400 km2 in the countries of Gabon, the Democratic
Republic of the Congo, Mozambique and Zimbabwe. Additionally, Swala brings a
strong management team and a board of directors with extensive expertise in
Africa. All projects outside Burkina Faso are subject to joint venture farm-out
agreements. The Company and Swala expect to have a definitive agreement in place
in respect of the acquisition by November 2011.


In light of the pending acquisition Concordia will reposition its resources to
implement an aggressive drill program in Burkina Faso, where Swala owns 100% of
the Kerboule property and is earning up to an 80% joint venture interest on the
Gueguere property. The focus of the proposed drilling program is to generate a
NI 43-101 qualified resource on the Kerboule property while expanding the
currently identified mineralization on the Gueguere property.


Providencia Silver Project, Argentina

Concordia, through its wholly owned South American subsidiary Meryllion Minerals
Corporation ("Meryllion"), has received authorization from the Directorate of
Mines - Province of Jujuy to proceed with drilling at the Providencia
silver-copper prospect in Northwestern Argentina. A 3,000 to 5,000 m drill
program is currently underway with approximately 15 of the designated 50 drill
holes already completed. The objectives of the program are to extend known
resources in the near surface environment as well as to test for high grade
mineralization at depth with an initial target of some 15 to 20 million ounces
of silver based upon previous drilling on the property.


"Swala's highly prospective Kerboule and Gueguere projects are in early stage
development and can be rapidly advanced to a defined resource stage with focused
drilling programs. This process is already underway at the Providencia Silver
Project. Drilling in Burkina Faso is scheduled to commence by the end of October
under the current plan. This refocusing of resources follows our strategy to
create greater near-term shareholder value in two of the most prospective
geologic and favorable mining environments in the world," stated Edward Flood,
CEO of Concordia.


Suspended Drill Programs

Concordia will suspend drilling programs on both the Baza copper/gold project in
Spain and Albisu gold project in Nevada. Drilling at Baza will cease upon
completion of the current hole. An IP geophysical survey will be conducted at
Albisu in the coming month to better define controls and mineralization.


ABOUT CONCORDIA

Concordia Resource Corp. is a junior mining exploration company. The successful
acquisition of Swala will position Concordia as a well financed African-focused
explorer with an emphasis on developing gold deposits holding the potential of
one million ounces upwards. Members of Swala's team are former Anglo American
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

Forward Looking Statements

Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the Ontario Securities Act,
including the receipt of necessary permits to conduct exploration and
construction, timing of anticipated 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. Accordingly, readers are advised not to place undue reliance on
forward-looking information.


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