Mr. Lyle Davis reports

CONDOR WARRANTS FULLY EXERCISED FOR NET PROCEEDS OF $1.965 MILLION

One hundred per cent of Condor Resources Inc.'s 13.1 million warrants expiring June 18, 2023, have been exercised, resulting in gross proceeds to the company of $1,965,000. In addition, the company has received $97,750 from the exercise of incentive stock options, for total funds received in June of $2,063,000. As of today's date, the company has 140,807,308 shares issued and outstanding.

Funds from the warrant exercise will be used for the coming drill program at the company's Pucamayo East project, Peru, which program is expected to commence in July.

Commented Condor president Lyle Davis: "I would like to thank all the warrantholders for their continued support and patience, and in particular, Kevin Smith and the rest of the team at Crescat Capital. With the funds in hand, we can now fully focus on execution of the drill program."

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 metals or base metals deposit in Peru. Project acquisition and exploration activities are managed by the company's Lima-based exploration team.

We seek Safe Harbor.