Mr. Mark Child reports

DIRECTOR SHARE PURCHASE VIA EXERCISE OF OPTIONS

Pursuant to receipt of notice for the exercise of options from Ian Stalker, a non-executive director of the company, Condor Gold PLC is issuing 100,000 new ordinary shares with a nominal value of 20 pence each in the capital of the company at a subscription price of 22 pence per share. The company has received gross proceeds of 22,000 British pounds.

Application has been made for the shares to be admitted to trading on the Alternative Investment Market, with admission expected to occur on or around Jan. 6, 2021.

The 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 shares, the company will have 118,495,962 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 Takeover Bid and Insider Reporting Rules of the Canadian Securities Administrators.

About Condor Gold PLC

Condor Gold was admitted to AIM in May, 2006, and dual listed on the TSX in January, 2018. The company is a gold exploration and development company with a focus on Nicaragua.

We seek Safe Harbor.