CN Condor Resources Inc

Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to
announce that pursuant to the binding letter of intent with Mariana Resources
Ltd. (TSX:MRY) disclosed by news release October 4, 2012, Mariana has completed
its fifteen day due diligence process to its satisfaction, and is proceeding
with the earn-in at Condor de Oro.


The Condor de Oro project is located in the Cordillera del Condor in northern
Peru, approximately 130 km southwest of Kinross's Fruta del Norte project, and
comprises some 102 sq km.


Under the terms of the LOI, the Condor de Oro project has been divided into two
blocks covering the Pucayacu target and the Yuracyacu target. Condor has
received the initial cash payment of US$100,000 with respect to the Pucayacu
block, and US$50,000 with respect to the Yuracyacu block. Mariana has until
December 31, 2012 to complete its due diligence at Yuracyacu, which includes the
mandatory taking of not fewer than 200 rock/soil/stream sediment samples.
Providing Mariana is satisfied with the results of its due diligence at
Yuracyacu and chooses to proceed, a further US$50,000 payment is due December
31, 2012.


The two target areas are located approximately 8 km apart. The LOI gives Mariana
the option to earn a 51% interest in Areas 1 and 2 of the Company's Condor de
Oro project upon total cash payments of $US5 million and exploration
expenditures totalling $US25 million over a four year period.


Condor Resources Inc. was incorporated in 2003 by field exploration specialists
focused on the generation of precious and base metals projects in South America,
where management has extensive experience and a proven track record of
discovery. The Company's long term objective is the discovery of a major new
precious/base metals deposit and its business plan offers shareholders access to
an exciting portfolio of fifteen properties in Peru and Chile, each offering a
unique path to discovery.


ON BEHALF OF THE BOARD

Patrick J. Burns, President & Chief Executive Officer

Cautionary Statement Regarding Forward-Looking Information: All statements,
trend analysis and other information contained in this press release relative to
markets about anticipated future events or results constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar expressions.
Forward-looking statements are subject to business and economic risks and
uncertainties and other factors that could cause actual results of operations to
differ materially from those contained in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of management at
the date the statements are made. The Corporation does not undertake any
obligation to update forward-looking statements even if circumstances or
management's estimates or opinions should change. Investors should not place
undue reliance on forward-looking statements.

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