Mr. Mark Child reports

EXERCISE OF WARRANTS AND RECEIPT OF 204,482 POUNDS STERLING

Pursuant to receipt of notices for the exercise of warrants with an exercise price of 25 pence per warrant, Condor Gold PLC is issuing 817,927 new ordinary shares with a nominal value of 20 pence each in the capital of Condor Gold. The company has received gross proceeds of 204,482 pounds sterling.

Application has been made for the new ordinary shares to be admitted to trading on Alternative Investment Market, with admission expected to occur on or around June 4, 2020.

The new ordinary shares will rank pari passu with the existing ordinary shares, including the right to receive all dividends and other distributions declared after the date of their issue.

Following admission of the new ordinary shares, the company will have 117,048,627 ordinary shares with a nominal value of 20 pence each in issue with voting rights and admitted to trading on AIM and the Toronto Stock Exchange. This figure may then be used by shareholders in the company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the company under the Financial Conduct Authority's disclosure and transparency rules and National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Rules) of the Canadian Securities Administrators.

About Condor Gold PLC

The company is a gold exploration and development company with a focus on Nicaragua.

We seek Safe Harbor.