MATERIAL CHANGE REPORT
CARDERO RESOURCE CORP. (the “Issuer”)
Suite 1901, 1177 West Hastings Street
October 9, 2008
The date of the press release issued pursuant to section 7.1 of National Instrument 51-102 with
respect to the material change disclosed in this report is October 9, 2008. The press release was
issued in Vancouver, British Columbia through the facilities of the Toronto Stock Exchange,
Marketwire, Canada Stockwatch and Market News Publishing.
The Issuer reports that they have received a positive independent preliminary economic assessment
for the Central Zone at their Pampa de Pongo iron deposit, Peru.
The Issuer reports that SRK Consulting (Canada) Inc. (“SRK”) has completed a Preliminary
Economic Assessment (“PEA”) on the 750Mt Central Zone of the Pampa de Pongo Iron Deposit,
located in the Marcona Iron District of Southern Peru, and have delivered a draft of their formal
N.I. 43-101 PEA Technical Report.
According to Rio Tinto, the Marcona and Pampa de Pongo deposits are the largest iron
accumulations with associated copper and gold along the western coast of South America. At full
planned production, Pampa de Pongo would produce 15 million tonnes of iron ore pellets per year, a
total of 330 million tonnes through the currently proposed life of mine, which would be available for
Asian markets. For context, this output would equate to 35% of Vale’s total current pellet
production (Vale is the global number one iron ore producer) .
TABLE 1. ECONOMIC SUMMARY
Name and Address of Company
Date of Material Change
Summary of Material Change
Full Description of Material Change
Iron Pellet Production
Payable Copper production
Payable Gold Producti