Mr. Lyle Davis reports

CONDOR ACQUIRES NEW PROJECTS AND EXPANDS THE PUCAMAYO PROJECT

Condor Resources Inc. has acquired mineral rights from the Peruvian government on three new projects, and has also acquired from a private group a substantial land position adjoining the Pucamayo project.

"Our team in Lima have once again demonstrated their expertise in recognizing opportunities and acquiring quality projects on a shoestring budget. For modest expenditures we now have a substantially larger property at Pucamayo, as well as three new prospective projects that any junior would be proud of," stated Lyle Davis, Condor's president.

As a result of its in-depth research and data compilation, the company applied to the Peruvian government for the award of mineral rights on five projects in Peru, and was successful on three of these applications, resulting in the acquisition of three new projects named Humaya, Quilisane, and Huinac Punta. Summary reports are being finalized, and will be available on the company's website shortly.

Humaya is a seven-square-kilometre copper prospect in south-central Peru, approximately 190 km east of the city of Ica. On the property a one km long area of outcrop shows intense alteration and stockwork, typical of a gold and copper porphyry system. The neighbouring concessions are held by majors.

Quilisane is a 14 square km gold/silver prospect located approximately 75 km northwest of the city of Puno, and about 12 km southeast of the Arasi gold mine of the Aruntani group. Quilisane is host to a large epithermal alteration, with anomalous geochem results for gold and pathfinder elements. There is evidence in one sector of several shallow drill holes, thought to have been completed in 2003.

Huinac Punta is a 10 square km prospect located within the polymetallic belt of the central Andes, about 65 km southeast of the Antamina mine, and about 90 km east of the company's Soledad project. This project hosts potential for the discovery of a silver- and copper-related replacement system hosted in a carbonaceous sedimentary sequence. Small-scale underground mining of silver, copper and lead occurred on the neighbouring concessions until around 1970.

In parallel with its applications to acquire new projects from the state, the company arranged to acquire unencumbered ownership of a third party's mineral right holdings on an additional 94 square km of concessions contiguous with Condor's Pucamayo gold-silver project.

To focus on the new and existing projects the company has decided to terminate its option to acquire an 85-per-cent interest in the Condor de Oro project in northern Peru.

We seek Safe Harbor.