Mr. Chris Buncic reports

CONDOR RESOURCES ANNOUNCES GRANT OF STOCK OPTIONS AND PSUS

Further to Condor Resources Inc.'s news release dated April 15, 2024, Condor has granted two million performance share units (each, a PSU) to a holding company controlled by Chris Buncic, the company's president and chief executive officer, pursuant to the company's omnibus equity incentive plan. Such PSUs will vest over a period of time beginning on the date of grant and ending on April 10, 2027 (inclusive), subject to the achievement of certain corporate and/or individual performance criteria.

Subject to regulatory approval and vesting provisions, and pursuant to the plan, Condor has granted stock options to certain directors, officers, employees and consultants to purchase an aggregate of 2.5 million common shares of the company at a price of 20 cents and 500,000 common shares of the company at a price of 12 cents until June 17, 2030.

About Condor Resources Inc.

Condor Resources is a precious and base metals exploration company focused on its portfolio of projects in Peru. The company's flagship project, Pucamayo, is an 85-square-kilometre property containing a high-sulphidation epithermal system with disseminated precious metals mineralization with a large lithocap alteration visible at surface. The Huinac Punta project, a 7,200-hectare property in Huanuco, Peru, has the potential to host a large carbonate replacement style (CRD) silver-dominant polymetallic mineralized body with the potential for discovery of a bulk tonnage silver and base metals deposit. The company has also optioned the Cobreorco project which targets gold-copper skarn and porphyry-style mineralization to a subsidiary of Teck Resources Ltd. The company's award-winning exploration team in Peru has a long history of success in discovering and advancing high-quality exploration projects and managing the social aspects of its exploration activities.

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