Mr. Lyle Davis reports

CONDOR RESOURCES INC.: DRILLING RESULTS FROM CONDOR DE ORO PROJECT, NORTHERN PERU

Condor Resources Inc. has provided results from CDOYE-007 and CDOYE-008, the final two holes of a 2,585-metre drill program recently completed by Mariana Resources Ltd. at the Condor de Oro copper-gold-molybdenum project. The drill program has confirmed the potential for Condor de Oro to host a large-tonnage disseminated gold and copper deposit. CDOYE-008 was drilled to a depth of 340.5 metres at an azimuth of 90 degrees and a dip of 60 degrees in the southwest zone, and intersected the contact zone between andesitic volcanics and porphyritic feldspar intrusive rock with widespread anomalous gold and copper mineralization. Notable intersections included the initial 38.3 metres (from 0.7 metres to 39 metres), which assayed 0.17 gram per tonne gold and 0.05 per cent copper, and a longer intersection (from 118 metres to 320.6 metres) that assayed 0.17 gram per tonne gold and 0.09 per cent copper. The 202.6-metre interval is missing 14.4 metres in four gaps as seven core boxes were damaged in a vehicle accident.

CDOYE-007 was drilled to a depth of 303 metres at an azimuth of 60 degrees and a dip of 75 degrees in the north zone, and intersected pervasive primary-phase potassic-altered dacite porphyry with anomalous values of gold and molybdenum. The best interval was 49.5 metres of 0.15 gram per tonne gold, 0.1 per cent copper and 24 grams per tonne molybdenum (from 153 metres to 202.5 metres). Also of note was a 42-metre interval of 107 grams per tonne molybdenum starting at 211 metres.

Ever Marquez, Condor's vice-president of exploration, commented: "We believe this initial drill program has confirmed the presence of a large, disseminated gold-copper-molybdenum system in this underexplored, prolific area of the Cordillera del Condor. The results confirm a large, altered, multiphase system with consistent disseminated gold and copper mineralization that is open in all directions and to depth, and hole four has shown the system can produce bonanza-grade intercepts."

                       SUMMARY OF SIGNIFICANT RESULTS

            Depth                                                     
Hole ID        (m)                                                     Comment

CDOYE-001   283.2                        258 m of 0.18 g/t Au, including 100 m 
                                                   of 0.31 g/t Au from surface
CDOYE-002   152.8           27 m of 110 g/t Mo starting at 126 m; abandoned at
                                               153 m due to technical problems
CDOYE-003   252.8                            175 m of 0.12 g/t Au from surface
CDOYE-004   355.5    19.6 m of 0.3 g/t Au starting at 7.7 m; 4.8m of 26 g/t Au
                               starting at 117 m (includes one m of 119 g/t Au)
CDOYE-005   596.7    25 m of 0.2 g/t Au starting at three m; 103 m of 0.11 g/t
                   Au plus 0.19 per cent Cu plus 135 g/t Mo, starting at 278 m
CDOYE-006   300.0                   300 m of 0.07 g/t Au plus 0.06 per cent Cu
                                                   plus 32 g/t Mo from surface
CDOYE-007   303.0    49.5 m of 0.15 g/t Au plus 0.1 per cent Cu plus 24 g/t Mo
                       starting at 153 m; 42 m of 107 g/t Mo starting at 211 m
CDOYE-008   340.5      38.3 m of 0.17 g/t Au plus 0.05 per cent Cu starting at
                             0.7 m; 188 m of 0.17 g/t Au plus 0.09 per cent Cu
                                                             starting at 118 m

The eight widely spaced holes at the Pucayacu target at Condor de Oro have all confirmed the existence of a large, multiphase intrusive system, and all have encountered altered and mineralized lithology. The objective of the program has been to test the four-square-kilometre target area defined at surface, provide a better understanding of the mineralization controls, improve the geological model and refine targets for further drilling. The project has the potential to host a very large gold-copper-molybdenum porphyry deposit, and the target remains open in all directions.

The location of all eight holes can be found on the company website.

The Condor de Oro concessions are owned by Exploraciones Aguila Dorada SAC (EAD). Condor has an irrevocable option to acquire 85 per cent of the issued shares of EAD, and in turn, Condor has granted Mariana an option to acquire 60 per cent of Condor's shareholding interest, being an overall 51-per-cent interest. Mariana is assisting EAD with the drill program under the terms of the option agreement with Condor.

Condor 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. All technical information for the Condor de Oro 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 whose quality control system complies with ISO 9001:2000 and ISO 17025:2005. A four-acid digestion 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 standards and blanks is performed for analytical reliability. A secure chain of custody is maintained in transporting and storing of all samples.

We seek Safe Harbor.