An anonymous director reports

CONDOR - DRILLING RESUMES AT OCROS; MAGNETOMETER SURVEY COMPLETED

Condor Resources Inc.'s optionee, Compania Minera Virgen de la Merced SAC, has resumed drilling at its Ocros project in the Ancash department, Peru.

Merced completed a ground magnetic geophysical survey on the Ocros project over an area of approximately 3.1 square kilometres in March. Merced, in consultation with Condor, has used the reports from the magnetometer survey, along with knowledge gained from its earlier drill holes and sampling of the historic adits, to establish the planned locations of the next drill holes. Drilling on DDH-005 commenced April 19 with a planned depth of 900 metres, and as of April 26 was at a depth of 107 metres.

Interpretation of the magnetometer survey shows an elongated ring or halo of high-magnetic susceptibility surrounding a magnetic centre of low magnetic susceptibility. This magnetic signature is often associated with porphyry copper occurrences. The magnetic low surrounded by the magnetic halo is large, more than one kilometre in diameter, and is open to the northwest. The historic adits are located within the area of the magnetic halo, and sampling of the adits has returned quartz-chlorite, secondary biotite, sericite, magnetite, pyrite, with some zones of significant chalcopyrite. Holes DDH-001 through DDH-004 were all drilled in the area of the historic adits, and core logs from these holes describe mineralization similar to the assemblages described along the adits. Of note, the level plus 50 adit, which has the lowest elevation of the old adits, and extends farthest to the west -- toward the low magnetic centre -- clearly shows an increase of potassic alteration and copper mineralization as the adit extends westward toward the magnetic low.

DDH-005, currently being drilled, is situated above the magnetic low, as are planned holes DDH-006 and 007. A west-east cross-section, showing the location of DDH-005, relative to the old adits and DDH-002 and DDH-004, can be seen on the company's website.

Condor is also pleased to report that the first anniversary cash payment of $75,000 (U.S.) has been received from Merced, which can earn a 51-per-cent interest, with a second option to earn up to a 70-per-cent interest at Ocros. Merced conducted its initial drill program between July, 2017, and February, 2018, and completed 2,110 metres in three drill holes, which satisfied its obligation to complete a minimum of 2,000 metres of diamond drilling.

Results from Merced's previous three holes (DDH-002, DDH-003, DDH-004) will be published when received by Condor. Merced advises that the samples from all three holes have been submitted to SGS del Peru SAC and results are pending.

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 its Lima-based exploration team.

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