CN Condor Resources Inc

Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to
provide an update on ongoing work on the Company's projects.


Cristal - BHP Billiton recently commenced an airborne geophysical survey that
encompasses all of the Company's 46 sq km Cristal project located in northern
Chile. BHP Billiton can earn a 65% interest at Cristal with the expenditure of
US$18 million over 4 years. Subject to interpretation of the geophysical data,
BHP Billiton have informed the Company that drilling is scheduled for the first
quarter of 2013. This area of the Chilean porphyry copper belt has been an area
of increased competitor activity recently. A review of the mineral concession
records shows both BHP Billiton and Anglo American have mineral claims
immediately contiguous to the Company's Cristal Property. Furthermore, the
Company understands that a drill program is underway on Rio Tinto PLC
concessions located a few kilometres to the southwest of the Cristal project. 


Condor de Oro - Mariana Resources Ltd. recently completed a reconnaissance
sampling program on the large Yuracyacu precious and base metals target in the
northeast portion of the Company's Condor de Oro project in northern Peru, where
approximately 230 rock and soil samples were collected. The samples have been
sent to ALS Chemex laboratory in Lima, and results are anticipated within the
next 30 days. The sampling program is part of Mariana's due diligence on Area 2
of Condor de Oro, where Mariana have an exclusivity period until January 1,
2013. Mariana previously elected to proceed with an option on Area 1 of Condor
de Oro, and anticipate drilling the four square kilometre Pucayacu target during
the first half of 2013. Mariana can earn a 51% interest in Area 1 of Condor de
Oro with cash and work commitments of US$15 million over 4 years.


Soledad - The Company has applied for and is awaiting the issuance of a drill
permit for its wholly owned Soledad Au-Ag-Cu project in Peru. Agreements are in
place with surface land owners and the surrounding communities. Recent changes
to the permitting process in Peru have caused delays in the government approval
process and once the drill permit is received the Company will contract for
approximately a 2500m drill program. Drilling will target mineralization
encountered in Breccia #1 during a 1996 drill program, where three holes
returned significant mineralization, as reported earlier. The program will also
test several other newly discovered breccias at Soledad, and the high
sulphidation epithermal system discovered in the northeastern sector of the
property.


Additional Activities - The Company is continuing its efforts to joint venture a
number of its projects in Chile and Peru, and will provide details if and when
agreements are reached. 


Patrick Burns, President and CEO of Condor said, "This has been an extremely
difficult year for the junior resource sector, and we thank our investors and
shareholders for their patience. In the meantime our strategy is to continue low
cost exploration, focus our efforts on great exploration targets, through
Company funded activities, or by optioning the project to others. The agreements
with BHP Billiton and Mariana, and the recent acquisition of the Lucero project
by staking, are examples of this strategy."


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 sixteen 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Condor Resources Inc.
Lyle Davis
1-866-642-5707


Condor Resources Inc.
Patrick J. Burns
President & Chief Executive Officer
1-866-642-5707
info@condorresources.com
www.condorresources.com

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