Mr. Lyle Davis reports

CONDOR RESOURCES INC.: FIRST DEEP HOLE AT SOLEDAD PROJECT, PERU, INTERSECTS 174M OF 4.4 G/T AUEQ

Condor Resources Inc. has provided the third report on the 2,084-metre diamond drill program recently completed by Mariana Resources Ltd. on the company's 100-per-cent-owned Soledad project. Soledad is located in the Cordillera Negra metallogenic province approximately 35 kilometres south of the Pierina gold-silver mine, Peru.

Hole 9 (SDH-009) tested breccia No. 1 and was drilled at a steep angle (80 degrees) below, and from the same set-up as SDH-001. The hole was planned to test for possible higher-grade feeder zones and indications of underlying porphyry mineralization.

SDH-009 intersected 174 metres of mineralized breccia (from 92 metres to 266 metres) that averaged 4.4 grams per tonne gold equivalent (0.74 gram per tonne gold, 114 grams per tonne silver and 1.2 per cent copper). SDH-009 intersected three zones of strong quartz-tourmaline-sulphide mineralization, as shown in the attached table, and included a deep high-grade intersection of 29 metres of 9.8 grams per tonne gold equivalent (1.85 grams per tonne gold, 301 grams per tonne silver and 2.1 per cent copper), starting at 236 metres.

                        SUMMARY OF SIGNIFICANT INTERSECTIONS, HOLE 9

Hole             Target     From (m)  To (m) Width (m)(i) Au (g/t)  Ag (g/t)  Cu (%)  AuEq (g/t)(ii)

SDH-009   Breccia No. 1          92     266          174     0.74     114.2    1.18             4.4
includes                         92     118           26     0.84     134.3    2.06             6.2
                                141     207           66     0.67     107.8    1.36             4.5
                                236     265           29     1.85     301.0    2.05             9.8

(i) True widths are unknown and shapes are irregular, but at 200 metres below     
surface, the true horizontal width for the semi-circular breccia No. 1 is      
estimated at 35 to 40 metres.                                                     
(ii) AuEq assumes $1,200 (U.S.) per ounce of gold, $18.25 (U.S.) per ounce
of silver, $2.85 (U.S.) per pound of copper and 100-per-cent recovery.

Mariana's geologists describe the breccia No. 1 clasts as mostly andesite with intense quartz-sericite alteration in a quartz-tourmaline-sulphide matrix. Matrix sulphides include pyrite, chalcopyrite, galena and sphalerite. The absolute and relative gold and silver values increase with depth from 170 metres to 265 metres. Breccia clast alteration, increasing veinlets, and increasing copper and gold/copper ratios up to 250 metres below surface are interpreted to indicate possible mineralized porphyry beneath the breccia.

Further drilling results are expected shortly for SDH-011 and SDH-0012; SDH-010 was abandoned at about 55 metres due to technical problems. Of particular interest is SDH-012, a near-vertical hole, drilled to 437-metre depth in breccia No. 5, to also test for possible higher-grade feeder zones and indications of underlying mineralized porphyry associated with the cluster of mineralized breccias expressed at surface within the roughly one-kilometre-diameter area of interest.

Ever Marquez, Condor's vice-president of exploration, stated: "The first stage of the drill program has successfully confirmed the potential for bulk tonnage, with gold, copper and silver confirmed at breccia No. 6 (76 metres of one gram per tonne gold equivalent) and breccia No. 5 (96 metres of 1.5 grams per tonne gold equivalent). We look forward to pending results from deep hole SDH-012 in breccia No. 5 to confirm the potential for porphyry mineralization at depth."

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.

Quality assurance/quality control

Mariana, the operator of the drill program, has advised as follows. Drilling was performed by Energold Drilling Peru SAC utilizing an S-2 hydraulic portable diesel rig. All technical information for the Soledad project is obtained and reported under a quality assurance and quality control program. Samples are shipped to and assayed by ALS Chemex Laboratory in Lima, a laboratory which quality control system complies with ISO 9001:2000 and ISO 17025:2005. A four-acid digestion system with 33 element ICP-AES analysis is conducted on all samples, with silver, lead and zinc being reanalyzed with atomic absorption spectrometry method when analyzing over the ICP limits. Gold is assayed using a fire assay with an atomic absorption spectrometry finish. Systematic assaying of sample duplicates and commercially prepared blanks is performed for analytical reliability. Screen fire assays for gold may be carried out on selected samples. A secure chain of custody is maintained in transporting and storing of all samples.

We seek Safe Harbor.