Mr. Lyle Davis reports

CONDOR SUBMITS DRILL PERMIT APPLICATION FOR THE COBREORCO COPPER-GOLD PROJECT

Condor Resources Inc. has applied to the Peruvian Ministry of Energy and Mines (MEM) for the primary environmental permit required to initiate a drill program at Cobreorco. The Declaracion de Impacto Ambiental, or DIA, seeks approval for up to 40 drill platforms.

Submission for the DIA is the culmination of months of work, and includes environmental studies, archeological studies, and other data and matters required by the permitting regulations. Processing and approval by the MEM is expected to take several months.

The 50-square-kilometre Cobreorco porphyry-skarn project in south-central Peru was acquired by staking, is royalty free and 100 per cent owned by Condor. It is located in the province of Andahuaylas in the department of Apurimac, in the prolific Eocene-Oligocene-aged Andahuaylas-Yauri porphyry copper belt. This region is influenced by the Abancay deflection, and is home to the Las Bambas, Huaquira, Constancia, Tintaya and Antapaccay deposits. At Cobreorco, numerous porphyry- and skarn-related copper-gold occurrences are exposed in outcrop, and geophysical surveys completed by Condor support the potential for discovery of copper and skarn-related deposits within the main two square km area of interest.

Condor is an active explorer focused exclusively on Peru, supplemented by a project generator and royalty model designed to generate exploration capital whilst minimizing shareholder dilution. The company's objective in advancing its portfolio of projects is the discovery of a major new precious-metal or base-metal deposit in Peru. Project acquisition and exploration activities are managed by the company's Lima-based exploration team.

We seek Safe Harbor.