Mr. Lyle Davis reports

CONDOR RESOURCES INC. PROJECT UPDATE: SOLEDAD GOLD-COPPER-SILVER-PROJECT, PERU

Condor Resources Inc. has provided an update on the company's Soledad project, located in the Cordillera Negra metallogenic province approximately 35 kilometres south of Barrick Gold's Pierina mine in Peru.

Mariana Resources Ltd. has an option to earn a 70-per-cent interest in the project by completing $4.0-million (U.S.) in cumulative exploration work, and making cumulative cash payments of $1.1-million (U.S.) to the company. The first-year exploration commitments and cash payments have been satisfied, including a $75,000 (U.S.) payment due Oct. 31, 2014.

Mariana has advised the company it will be conducting a deep-sensing IP/resistivity geophysics survey in November, followed by a phase 2 drill program in early 2015. The phase 1 drill program completed by Mariana during May through June of 2014 consisted of 2,084 metres in 12 holes, with very encouraging results. (See news releases of June 17, July 3 and July 21.) Condor chief executive officer Lyle Davis noted: "Subsequent to the phase 1 drill program, Mariana's focus has been the compilation, analysis and modelling of the drill results. Combined with the results from their planned deep-penetrating geophysics program, we expect there will be a number of very attractive drill targets for phase 2."

The company currently has two 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.

We seek Safe Harbor.