Mr. Lyle Davis reports

CONDOR AND ELEMENT79 RESCHEDULE DECEMBER 2023 LUCERO PAYMENT

Condor Resources Inc. has reached agreement with Element79 Gold Corp. to revise the payment terms on a payment due Dec. 21, 2023, of $500,000 (U.S.) with respect to the Lucero project. Element79 is the owner of Calipuy Resources Inc. and assumed Calipuy's obligations to acquire the shares of Condor's subsidiary, Minas Lucero del Sur SAC, the owner of the Lucero project.

Condor and Element79 have agreed to reschedule the $500,000 (U.S.) payment into two tranches. Twenty five per cent of the payment ($125,000 (U.S.)) will be satisfied now by the issuance of common shares of Element79. The balance of $375,000 (U.S.) is due on or before March 31, 2023. As consideration for the rescheduled payments, Element79 will issue a bonus of $12,500 (U.S.) to Condor, payable in Element79 shares. All other terms of the sale of Minas Lucero del Sur remain unchanged.

About Condor Resources Inc.

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.

We seek Safe Harbor.