Mr. Lyle Davis reports

CONDOR ANNOUNCES $200,000 FINANCING

Condor Resources Inc. has arranged a non-brokered private placement to raise gross proceeds of up to $200,000. The private placement will consist of up to four million units at a price of five cents per unit, with each unit consisting of one share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at a price of five cents until the second anniversary of the closing. Warrants will be subject to an accelerated expiry. If the closing price equals or exceeds 10 cents per share for 10 consecutive trading days, then the exercise period of the warrants shall be reduced to 30 days, with the reduced period commencing seven calendar days following the 10th consecutive trading day.

The offering will be made available to accredited investors and existing shareholders of the company, the latter in accordance within the provisions of the existing shareholder exemption (currently not available in Ontario, Newfoundland and Labrador).

All the securities issued pursuant to this private placement will be subject to a four-month hold period. Completion of the offering is subject to receipt of all required regulatory and other approvals, including acceptance by the TSX Venture Exchange.

The net proceeds of the offering will be used for working capital.

We seek Safe Harbor.