Results Update

Condor Resources PLC
11 May 2007


                                                            Condor Resources Plc
                                                                   1 Warwick Row
                                                                 London SW1E 5ER
                                                     Telephone [phone]
                                                          Fax: [phone]



11 May, 2007


                             Condor Resources plc

                        (''Condor'' or ''the Company'')


              Significant Trenching Results at El Cacao, Nicaragua


Condor Resources Plc (AIM: CNR) is pleased to announce significant intercepts
from the first batch of assay results received for the initial phase of
trenching on it's El Cacao Prospect located in the El Limon - La India mining
district, Nicaragua. The assay results show excellent width and grade and
establish a continuity of mineralization over at least 400m strike length.
Results have been received for seven trenches, accounting for 290.6m of an
ongoing programme. The manually excavated trenches aim to establish the grade of
mineralization in areas of outcropping gold-bearing epithermal quartz veins as
well as test for possible strike extensions and additional parallel zones.


Mineralised veins up to 3.1m wide at grades of 2.58g/t gold are reported,
including a one metre wide, higher grade zone of greater than 10g/t gold.


Selected highlights include:

       Trench Number                   Width                  Gold Grade
          CCTR0004                   1.0 metre                 11.54g/t
          CCTR0005                  2.8 metres                  3.06g/t
          CCTR0006                  3.1 metres                  2.58g/t
          CCTR0007                  1.2 metres                  1.17g/t
          CCTR0007                  2.0 metres                  1.19g/t
          CCTR0009                  2.4 metres                  2.18g/t


The results reported here are from the initial sampling programme which was
designed to establish grade in the area where the gold-bearing quartz veins
outcrop at surface. The results define a highly gold anomalous area with a
strike length of 400m containing several parallel quartz veins and associated
wide alteration zones that will require further follow up work, including an
extensive drilling program. The Directors are very pleased with progress to date
and are hopeful of continued excellent results from the project.


Mapping of lag and float material suggests that the Cacao vein could extend for
a further 2km to the west, partially buried beneath a thin cover of alluvium.
Further trenches are being excavated to test the western strike extent of the
structure. Alluvial cover prevents the effective use of trenching to look for an
eastern strike continuation to mineralization; therefore exploration drilling is
planned subsequent to receipt of all trench results in this area.


Nigel Ferguson, CEO of Condor, said: ''These results are very encouraging.
Mineralization, alteration and the continuity and grade of the initial results
received from trenching at the Cacao Project indicate that this system has the
potential to host an economic epithermal bonanza vein similar to that contained
within the El Limon - La India mines located nearby, which produced between 1942
to 1996, more than two million ounces of gold, with another 350,000 delineated
by recent exploration. These results highlight the potential of this project and
we hope to achieve similar success with subsequent programs.''


Within the Cacao Project, preparation is being made for commencement of a first
phase reverse circulation drilling program to test depth extensions of this well
mineralised zone, initially expected to be undertaken over a strike length of
approximately 400 metres and to a depth of approximately 150 to 200 metres below
surface. The Directors expect a maiden mineral resource statement to follow in
due course.



Qualified Person's Declaration


The information in this announcement that relates to Exploration Results is
based on information compiled by and reviewed by Nigel Ferguson, CEO, who is a
Member of the Australian Institute of Mining and Metallurgy and a geologist with
over 21 years of experience in the exploration and definition of precious and
base metal Mineral Resources and has sufficient experience that is relevant to
the style of mineralization and type of deposit under consideration and to the
type of activity which he is undertaking to qualify as a Qualified Person as
defined in the March 2006 Edition of the AIM Guidance Note for Mining, Oil and
Gas Companies. He consents to the inclusion in the report of the matters based
on his information in the form and context in which they appear and confirms
that this information is accurate and not false or misleading.


                                    - Ends -


Enquiries:

Condor Resources Plc 
Mark Child, Chairman               [phone]

Nigel Ferguson, CEO                [phone]


Nabarro Wells & Co. Limited 
Hugh Oram                          [phone]

Anthony Rowland                    [phone]


Mirabaud Securities Limited 
Rory Scott                         [phone]


Parkgreen Communications Limited 
Clare Irvine

Brendan McNamara                   [phone]


Chain of Custody

Condor enforces a strict chain of custody, with all field samples being
collected under the supervision of a qualified senior geologist. Samples are
sealed in larger bags and kept under lock and key until being delivered to BSI
Inspectorate Laboratories, Guatemala for completion of the sample preparation
phase. Prepared samples are then forwarded by courier to BSI Laboratories in
Sparks, Nevada, USA for final assay determinations.



About Condor Resources Plc:

Condor Resources Plc was admitted to AIM on 31st May 2006 raising £4.9m prior to
costs. Condor is a mineral exploration company focused on El Salvador and
Nicaragua. The Company has 100% ownership of four licenses and is earning 100%
interest in a fifth licence contained in three project areas in El Salvador.
Condor also has four 100% owned licences and the option to earn an 80% interest
in a further four licences contained within four project areas in Nicaragua.


An independent competent person's report prepared by Ravensgate and included in
the Company's Admission Document combined with a subsequent mineral resource
calculation statement in December 2006 reported Inferred Mineral Resources, as
defined by the JORC standard of some 467,104oz gold and 18.4Moz silver within
two project areas in El Salvador.


The Company's objective is to prove up significant gold and silver resources of
between 1 to 2 million ounces of gold and 30 to 50 million ounces of silver to
JORC reportable standards by the 31st May 2008. The Company intends to continue
to drill test targets within its Project areas. The total drilling programme is
planned to be between 20,000m and 40,000m of combined reverse circulation and
diamond drilling.




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