Mr. Lyle Davis reports

CONDOR REPORTS: DRILLING COMMENCED BY CHAKANA COPPER AT CONDOR'S SOLEDAD PROJECT, ANCASH, PERU

Chakana Resources SAC, a subsidiary of Chakana Copper Corp., has commenced drilling operations at Condor Resources Inc.'s wholly owned Soledad project.

Chakana has advised that the initial resource drilling program started on Aug. 16, 2017, and is estimated to total 21,200 metres of drilling. The initial portion of this drill program is designed to provide detailed information on the geometric size and mineralized grades of four of the nine known tourmaline breccia pipes.

Prior drilling has confirmed high-grade copper-gold-silver mineralization from surface to a depth of 490 metres in breccia No. 1 (see the company's July 6, 2016, news release), and mineralized intervals over 119 metres in breccias No. 5 and No. 6 (see the company's June 2, 2016, news release).

The Soledad property comprises as many as nine hydrothermal breccia bodies within an alteration system that measures approximately two kilometres in diameter as evidenced by pervasive alteration, quartz and quartz tourmaline veins and structures, as well as polymetallic veins with silver-copper-lead-zinc mineralization.

In preparation for the drill program, Chakana consolidated drill core from the 2014 and 2016 drill programs to a Lima facility, modelled the breccia pipes in 3-D to support drill planning, completed initial petrography on high-grade gold samples, completed hyperspectral scanning of 1,000 metres of drill core, and completed a geophysics program consisting of surface EM (electromagnetics) and CS/NS-AMT (controlled source/natural source audio-frequency magnetotellurics) in the area around and between breccias No. 5 and No. 6.

Chakana has the option to earn a 100-per-cent interest in Soledad over a period of 4.5 years, subject to a 2-per-cent net smelter return royalty in favour of Condor. To earn its 100-per-cent interest, Chakana is required to complete 12,500 metres of drilling (or work equivalent), make cash payments totalling $5,375,000 (U.S.) and issue 500,000 Chakana shares to Condor.

About Condor Resources Inc.

Condor is an explorer and project generator focused exclusively on Peru, and its objective is the discovery of a major new precious metals or base metals deposit.

We seek Safe Harbor.