Company Information for Condor Resources plc

AIM-CNR

www.condorresourcesplc.com

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AIM; CNR

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Company Statement

Condor Resources plc is a UK based AIM listed exploration Company with a strong focus on the exploration and development of gold and silver resources within Central America.

The Company owns outright or can earn a majority interest in a substantial portfolio of concessions largely prospective for high-grade epithermal gold and silver in El Salvador and Nicaragua in Central America.

Condor's management team have extensive experience in mineral exploration, project development and project financing, ensuring that the Company has the best possible opportunity to achieve exploration success in these prospective areas of Central America.

Corporate Objective
Condor's primary objective is to maximise shareholder value through the discovery of significant gold deposits within prospective areas in El Salvador and Nicaragua in Central America.

The company's stated objective is to drill out a commercial JORC resource in Central America. The company is also seeking to divert its geographical risk due to the strategic Governmental revue of the mining industry El Salvador. The board is highly committed to undertaking sound corporate governance practices in the interest of the Company's shareholders and believes it will enhance the probability of achieving its corporate objectives by focusing most of the exploration efforts on projects that have a robust exploration model with excellent potential to generate early cash flow.

Current Operations

Condor Resources PLC has a number of projects in Central America that lay within major epithermal gold belts with the potential to host world class gold deposits.

The company has secured majority interests in a number of projects within El Salvador and Nicaragua. These have been secured either through direct application or through Farm In to earn a majority interest.

Condor's objective is to maximise shareholder value through the discovery of significant high-grade gold deposits in Central America. The company believes it will achieve this by focusing exploration efforts on projects that have a robust exploration model with excellent potential to generate early cash flow.

Nicaragua
Nicaragua, the largest country in Central America, is dominated by Mesozoic volcanic and felsic intrusive rocks in the west and Quaternary volcanic rocks in the east in addition to a belt of Palaeozoic metamorphic rocks in the north. All three geological regions host high-grade economic mineral deposits with active or historic gold mining.

Condor has secured either directly or through Farm-In Joint Ventures, several project areas located across all three major geological terranes. The projects are all within the most prospective exploration regions of Nicaragua, including the four currently active mining districts recognized for their gold and copper production; Bonanza (3 million ounces gold), Siuna-Rosita (3.8Mt at 5.6g/t gold), El Limón (2.2 million ounces gold) and La India - La Libertad (2.6Mt at 8.5g/t gold).

Condor’s Projects include:
- Segovia Project
- Matagalpa Project
- Siuna Project
- The Kuikuinita Concession

El Salvador
Located on the isthmus between North and South America, El Salvador is dominated by late Cretaceous to Quaternary volcanic rocks including rhyolite flows and domes, voluminous andesite and basalt flows, volcaniciastics and pyroclastics which host the majority of the high-grade economic mineral deposits found in El Salvador.

Condor currently holds several exploration licences within El Salvador that are considered by management to hold significant mineral potential.

Condor’s Projects include:
- La Calera
- El Pescadito

Resource and Reserve Inventory - El Salvador
The La Calera Project contains JORC Inferred Resources of over 312,000 ounces of gold and over 275,000 ounces of silver.

The Loma del Caballo Prospect of the El Pescadito Project contains JORC Inferred Resources of 116,500 ounces gold and 3.2million ounces silver.

The El Pescadito Project contains JORC Inferred Resources of over 434,000 ounces of gold and 22.1million ounces of silver.

Condor Resources plc announced on 28 January 2008, a maiden resource calculation of 39,000 ounces of gold and 1,700,000 ounces of sliver at its El Gigante Prospect.

The company's global resources now stand at some 747,000 ounces of gold and 22.3 million ounces of sliver.

Board of Directors and Key Management

Board of Directors
Mark Child	Non Executive Chairman
Pierre Moussa	Non Executive Director
Klaus Eckhof	Non Executive Director

Senior Management
Tim Fairlie	Chief Financial Officer
Luc English	Country Manager Nicaragua & El Salvador
Jose Mario Gonzalez Granados	Administration Manager

Company Address

1 Warwick Row
London, United Kingdom SW1E 5ER


Telephone:	+44 (0)20 7808 7222
Facsimile:	+44 (0)20 7808 7223
Email:	information[at]condorresourcesplc.com
Website:	http://www.condorresourcesplc.com

Additional Address/Key Contact

Registered Office
Speechly Bircham LLP
6 New Street Square
London EC4A 3LX
Telephone: +44 (0) 207 427 6400

Capital

Shares Issued, fully diluted: 342,061,753

Year End

31December

Nominated Brokers

Ambrian Partners Ltd
Old Change House
128 Queen Victoria Street
London EC4V 4BJ
Telephone: +44 (0)20 7634 4700

Nominated Advisors