Change of Adviser

RNS Number : 6231D

Condor Resources PLC

17 September 2008

 



Stock Exchange Announcement

17th September 2008

For immediate release

Condor Resources plc ('Condor')

Change of Adviser

Condor is pleased to announce that it has appointed Ambrian Partners Limited as its Nominated Adviser and sole broker with immediate effect.

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For further information contact:

Condor Resources plc	Mark Child, Chairman
	[phone]
Ambrian Partners Limited	Hugh Oram
	[phone]
Farm Street Media	Simon Robinson
	[phone]

About Condor Resources Plc:

Condor Resources plc is an AIM listed exploration company focussed on developing natural resource projects in Central America. The Company was admitted to AIM on 31st May 2006 to prove up JORC Resources in Nicaragua and El Salvador. Condor has two 100% owned licences and the option to earn an 80% interest in a further three licences contained within three project areas within Nicaragua. In El Salvador, Condor has 100% ownership of four licences in two project areas. 

Since Admission to AIM, Condor has increased its JORC compliant resources of 354,500 ounces of gold and 18.3 million ounces of silver to 891,000 ounces of gold and 22.4 million ounces of silver. The Resource calculations are compiled by independent geologists Ravensgate and Geosure. 

Condor raised £2,000,000 before expenses in July 2008, which will allow the Company to continue developing its existing gold and silver projects in Central America and identifying opportunities in the natural resource sector in other geographical locations. 

 

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