Mr. Lyle Davis reports

CONDOR ACQUIRES ANDREA AU-AG EPITHERMAL PROJECT IN PERU

Condor Resources Inc. has acquired a 100-per-cent interest in the Andrea epithermal gold-silver project in the department of Ayacucho, approximately 480 kilometres southeast of Lima in the south-central Andes. The mineral rights on the eight-square-kilometre property were recently acquired by application to the Peruvian Ministry of Energy and Mines. Andrea is approximately 20 kilometres north of the Breapampa mine owned by Minas Buenaventura and situated at elevations ranging from 4,100 metres to 4,600 metres.

Condor acquired the Andrea project because it hosts a compelling high-sulphidation epithermal-type gold and silver target within a core area approximately 800 metres in diameter. Gold and silver mineralization (up to 4.2 grams per tonne gold) is hosted in hydrothermal breccias with vuggy silica. The surface area exposure of the largest siliceous breccia is about 200 metres in diameter, with a halo of advanced argillic assemblages. The alteration and mineralization are hosted within Miocene- to Pliocene-aged Tertiary volcanics.

"I am excited by the exploration potential of our newly acquired Andrea project," stated Ever Marquez, Condor's vice-president of exploration. "Based on my experience in the south-central Andes, these high-sulphidation-type targets can yield significant discoveries when explored with drilling; we do not believe this project has ever been drilled."

An initial reconnaissance mapping effort was recently completed, and 117 rock chip channel samples were collected and analyzed by ALS Peru SA in Lima. Exploration sampling and mapping were concentrated in the central part of the project within a much larger advanced argillic alteration envelope. The sample results also confirmed the presence of anomalous pathfinder elements typical of high-sulphidation epithermal systems. Condor geologists found no evidence of previous exploration activities or small-scale mining on the concession.

Gold assays in the samples range from negligible to 4.2 grams per tonne Au, with 23 of the samples showing anomalous gold values exceeding 50 parts per billion, including 13 samples exceeding 500 parts per billion, and seven samples greater than one gram per tonne. Samples taken in the 800-metre diameter breccia core area -- 81 of the 117 samples -- exhibited more consistent gold values, ranging from five parts per billion to 4,180 parts per billion and averaged 41 parts per billion. Measurable silver values were present in all but six of the 117 samples, but none of the silver assays exceeded one gram per tonne.

More details of the Andrea project can be found on the company's website.

Condor is an explorer and project generator focused exclusively on Peru, and the company's objective is the discovery of a major new precious metals or base metals deposit. Project acquisition and development are managed by the company's Lima-based exploration team.

Brian D. Game, PGeo, is the qualified person under National Instrument 43-101 who has approved the technical content of this news release.

Quality assurance/quality control: The sampling program was undertaken by company staff under the direction of Mr. Marquez. A secure chain of custody is maintained in transporting and storing of all samples. Samples were delivered to and assayed by ALS Peru SA in Lima, a laboratory whose quality control system complies with international standards ISO/IEC 17025:2005 and ISO 9001:2015, respectively. Analysis by aqua regia digestion system with 51-element inductively coupled plasma-mass spectrometry analysis (ICP-MS) was conducted on all samples. Gold was assayed using a fire assay with atomic absorption spectrometry/ICP-MS and gravimetric finish when required. Systematic assaying of sample duplicates and commercially prepared blanks and standards was performed for analytical reliability by the laboratory. Bedrock rock chip samples are selective by nature and are unlikely to represent average grades within the bedrock when drilled.

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