Mr. Lyle Davis reports

CONDOR RESOURCES INC.: DEEP PENETRATING GEOPHYSICS PROGRAM UNDERWAY AT SOLEDAD 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, 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.

Mariana has advised the company that an induced polarization geophysics survey has commenced on the project. The geophysics is being completed by Val d'Or Geofisica, consists of six lines at 400-metre spacing, for a total of 12.3 line kilometres, and is designed to provide information to a depth of 500 m.

Along with the recently completed 12-hole, 2,084-metre drill program, and the earlier 2012 geophysics, the current program is to confirm the geometry of the nine breccia pipes exposed at surface and the geometry of the mineralized porphyry interpreted to be the source of the breccias. The breccias have been observed to contain mineralized porphyry clasts which support this interpretation of a mineralized porphyry system below the breccias.

The fieldwork is expected to finish in early December, with compilation and analysis to follow. Mariana has advised it is planning a follow-up drill program in the first quarter of 2015, and the results from the geophysics currently in progress are expected to be a major factor in prioritizing and locating the upcoming drill targets.

Lyle Davis, chief executive officer of Condor, noted: "The 2014 drill program at Soledad provided very encouraging results with the 174-metre intersection of 0.7 gram per tonne (g/t) Au, 114 g/t Ag and 1.2 per cent Cu from hole 9. We are excited to see what the next round of drilling will deliver."

We seek Safe Harbor.