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 exploration properties. 


Condor de Oro - Mariana Resources Ltd. ("Mariana") have an option on Area 1 of
Condor de Oro, whereby Mariana can earn a 51% interest over 4 years via cash and
work commitments totalling $15 million. As reported by Mariana on January 31,
2013, meetings have been held with the local community leaders, and their
agreement to conduct initial exploration at Condor de Oro confirmed. Subject to
final approvals, Mariana are planning the initial drill program at Area 1 during
the first half of 2013. Mariana have an exclusive right to option Area 2 of
Condor de Oro under the same terms as Area 1, and have been granted an extension
on their assessment period at Area 2 until March 31, 2013. To date, Mariana have
collected approximately 230 rock and soil samples, and 4 stream sediment samples
in Area 2. See http://www.marianaresources.com/news/2013.php to download the
full news release.


Cristal - as reported in December, BHP Billiton conducted an airborne
geophysical survey that encompassed Condor's 46 sq km Cristal project in
northern Chile. Subject to interpretation of the geophysical data, BHP Billiton
are scheduled to conduct an initial drill program at Cristal during the first
quarter of 2013. To date, Condor has not been advised of the results of the
geophysics, nor the details of the upcoming drill program. BHP Billiton can earn
a 65% interest at Cristal with the expenditure of US$18 million over 4 years.


Soledad - The Company completed its application in 2012 for a drill permit on
the wholly owned Soledad Au-Ag-Cu project in central Peru. Agreements are in
place with surface land owners and the surrounding communities. 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. 


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

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