Condor Resources Inc. Exploration Update

Condor Resources Inc. Exploration Update 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/04/13 -- 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 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. 
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. 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
Condor Resources Inc.
Patrick J. Burns
President & Chief Executive Officer
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