Important Notice to Cordero Shareholders Regarding Shareholder Election

CALGARY, ALBERTA--(Marketwire - Aug. 26, 2008) - In accordance with the proposed arrangement ("Arrangement") involving Cordero Energy Inc. (TSX: COR.TO) ("Cordero"), its shareholders and Ember Resources Inc. ("Ember"), Cordero shareholders are entitled to receive, on the Arrangement becoming effective, for each Cordero common share held: a) 2.683 common shares of Ember ("Share Consideration"); or b) Cdn$5.50 in cash, subject to a maximum aggregate amount of $70 million in cash and a minimum aggregate amount of $55 million in cash. Cordero shareholders must elect the consideration that they wish to receive.

Cordero shareholders whose Cordero common shares are held through a broker, trust company, bank or other registered holder (a "Registered Holder") must contact the Registered Holder to make the election on their behalf and arrange for the exchange of their Cordero common shares. Any such Cordero shareholders who have not yet contacted the Registered Holder to make the election should do so immediately. Where no election is made or where the election is not properly made, the Cordero shareholder will be deemed to have elected to receive Share Consideration only for all Cordero common shares pursuant to the Arrangement. The election deadline for Registered Holders is 5:00 p.m. (local time at the place of deposit) on September 2, 2008. Cordero shareholders who do not hold their shares in registered form must contact the Registered Holder in sufficient time in advance of the above election deadline to assure that the Registered Holder makes the election before such deadline.

For further and complete information, Cordero shareholders should review the Management Information Circular of Cordero dated August 1, 2008, filed at www.sedar.com or on Cordero's website at www.corderoenergy.com.

Cordero is an independent exploration and development company pursuing conventional oil and natural gas production and reserves as well as coalbed methane development in western Canada. Cordero is based in Calgary, Alberta.

Contacts

David Elgie
Cordero Energy Inc.
President and Chief Executive Officer
(403) 265-7006

Dean Setoguchi
Cordero Energy Inc.
Vice President and Chief Financial Officer
(403) 265-7006
Website: www.corderoenergy.com