Mr. Lyle Davis reports

CONDOR CONCLUDES COMPREHENSIVE AGREEMENT ON THE OCROS PROJECT

Condor Resources Inc. has concluded the comprehensive agreement with Compania Minera Virgen de la Merced SAC (Merced) on the company's Ocros project in Ancash, Peru.

The agreement replaces the memorandum of understanding announced on Jan. 30, 2017, with no material changes to the terms. Pursuant to the agreement, Merced has the option to earn a 70-per-cent interest in Ocros over a period of four years. To earn the 70-per-cent interest, Merced is required to complete 10,000 metres of drilling, including a mandatory 2,000 metres during the first year, and make cash payments totalling $550,000 (U.S.). Condor received the initial $75,000 (U.S.) on signing the agreement.

The Ocros project is fully permitted, and Merced has advised that it expects to commence its drill program within the next few weeks.

"We are very pleased to conclude the agreement with Merced and look forward to the start of their drill program at Ocros," stated Condor's vice-president of exploration, Ever Marquez. "The Ocros project hosts a porphyry system with similar age to the large copper porphyry/skarn projects and mines in the Eocene/Oligocene belt which extends into northern Peru."

We seek Safe Harbor.