Mr. Lyle Davis reports

CONDOR RESOURCES INC.: DEFINITIVE AGREEMENT SIGNED ON SOLEDAD PROJECT, PERU

Condor Resources Inc. has executed a definitive option agreement with Mariana Resources Ltd. with respect to the company's Soledad project, Ancash department, Peru. Since signing the letter of intent in late 2013, Mariana has completed preliminary fieldwork, including detailed planning for its initial drill program, which is expected to begin later this month.

Per the agreement, Mariana can earn a 70-per-cent interest in Soledad by completing cumulative exploration work of $4-million (U.S.), and making cumulative cash payments of $1.1-million (U.S.) to Condor, all prior to Oct. 31, 2017. The agreement includes a mandatory drill program of 2,000 metres to be completed prior to Oct. 31, 2014.

"We are absolutely thrilled that Soledad is about to be drilled," stated Lyle Davis, Condor president. "There are nine breccia pipes at Soledad, and only breccia No. 1 has been drilled, with impressive results. Our geophysics work readily identified the nine known breccias, and also indicated a large anomaly at depth, suggesting a possible intrusive related bulk-tonnage Au-Ag-Cu system."

The Soledad property is located within the Central Andes tertiary volcanic belt, approximately 35 kilometres south of the Barrick Gold's Pierina mine. The property encompasses a large hydro-magmatic centre, which includes a cluster of nine quartz-tourmaline-iron oxide breccias, and an epithermal high-sulphidation system at higher elevations.

The company currently has three of its properties under active exploration by third parties, and looks forward to a steady flow of results from these programs. In addition, the company is actively seeking partners on its other projects, and is reviewing new opportunities identified by its Lima-based exploration team.

Dr. Richard Culbert is the qualified person under National Instrument 43-101 who has approved the technical content of this news release.

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