Results Update

Condor Resources PLC
18 May 2007

                                                           



18th May, 2007


                             Condor Resources plc

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


 Significant High Grade Trenching Results at the San Albino Project, Nicaragua

             Results include 18 metres at 6.77grams per tonne gold

 The structure is open in all directions with potential for parallel structures


Condor Resources Plc (AIM: CNR) is pleased to announce the definition of a
discovery of wide, high grade gold mineralisation within a broad shear zone at
it's San Albino Prospect in northern Nicaragua close to the historical high
grade San Albino Gold Mine.


Significant gold intercepts in four adjacent trenches approximately 50 metres
apart, define a mineralised corridor at least 200 metres long and varying
between 3 metres width in the north-east to over 18 metres width towards the
south-west. Mineralisation remains open along strike in both directions and the
width remains unconstrained at the thickest intersection in the south-east.


In addition two parallel mineralised structures have been identified in trench
SATR010 which was extended further to the south-east than the other trenches to
test for such parallel mineralised structures. Both parallel systems are open
along strike and returned the following assay results from SATR010: 3 metres at
2.94g/t gold and 3 metres @ 20.11g/t gold respectively.


All the significant uncut intersections are summarised in the table below:

   Trench Number         Width           Gold Grade           Silver Grade
      SATR003          12 metres          5.59g/t               23.11g/t
      SATR010          18 metres          6.77g/t               11.84g/t
      SATR010          3 metres           2.94g/t                5.40g/t
      SATR010          3 metres           20.11g/t              31.07g/t
      SATR011          16 metres          7.89g/t               10.23g/t
      SATR013          3 metres           4.99g/t               24.37g/t



The gold mineralization is hosted by a south-east dipping shear zone of
chloritic and locally graphitic quartz-bearing schist that cuts through a
package of medium to high grade metamorphic rocks. Width and grade of the gold
mineralization increases to the south-east, where both width and strike extent
have not yet been constrained. Extensions to existing trenches and further
trenching to test the strike extent are planned for this month. An initial
reverse circulation program to test continuity of mineralization at depth is
being planned for commencement after receipt of Government Environmental Permits
and on securing a suitable drilling rig. The wide intersections indicated in
trenching to date suggest that the San Albino Prospect may be amenable to low
cost open pit bulk mining.


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 before
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 drilling programme is
planned to be between 20,000m and 40,000m of combined reverse circulation and
diamond drilling.



                      This information is provided by RNS
            The company news service from the London Stock Exchange