Drilling Update

Condor Resources PLC
20 July 2007


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


20th July, 2007

                              Condor Resources plc

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


   Inaugural Reverse Circulation Drilling Commences at the El Cacao Project,
                                   Nicaragua


Condor Resources PLC (AIM: CNR) is pleased to announce that inaugural drilling
commenced on its Cacao Prospect located in the El Limon area of the historical
La India Mining District in Nicaragua on 11th July. The first Reverse
Circulation drill hole was completed on the same day at a final depth of 60
metres.


The drill hole intersected the main Cacao quartz vein over a 6 metre interval
from 37 metres drill depth, confirming the northward dip of the vein observed in
trenching. A second, 3 metre wide quartz vein was intersected 10 metres further
down the drill hole. Both veins have 4 metre thick quartz vein stockwork zones
in the hanging and footwalls, within wide zones of argillic alteration. A
previous trenching program revealed assay results of up to 14 grams per tonne
gold on a defined mineralised structure of approximately 400 metres which is now
being tested.


The second drill hole is currently underway in a 1,000 metre drilling programme
of eight drill holes designed to test the depth extension of good trench
intersections defining mineralisation in a one to two vein system extending over
a 400 metre strike length. Drilling will test to an approximate 100 metres
vertical depth. The drilling combined with existing trench intercepts will cover
the main Cacao vein with an 80m x 80m grid, which, pending positive assay
results will enable calculation of an initial inferred resource. The Directors
believe that the Cacao vein system could extend for up to a total of 2
kilometres strike length with the Western extension beneath a thin cover of
alluvium.


Recent trenching has also discovered what may be the edge of a second high-grade
shoot some 100 metres to the east of the main prospect area. Drilling and
trenching are programmed to test this shoot beneath alluvial cover to the east
of the main mineralised zone.


Drilling will continue at the San Albino Project after the initial program at
the Cacao Project is completed.


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           [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. 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. For further information please go to
www.condorresourcesplc.com.




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