El Cacao Maiden Drill Results

Condor Resources PLC
08 November 2007



8th November, 2007


                            Condor Resources plc
                      (''Condor'' or ''the Company'')

     Significant Maiden Drilling Results at the El Cacao Project, Nicaragua


Highlights

Condor Resources Plc (AIM: CNR) is pleased to announce that the first phase of
drilling at the El Cacao Prospect in Nicaragua has now been completed and all
assay results have been received.

Best results include:

   • CCRD002 14.05 metres at 6.05g/t gold from 87 metres
   • CCRD004 5.55 metres at 6.10g/t gold from 123.35 metres
   • CCRC006 13.83 metres at 2.25g/t from 93.12 metres
   • CCRD006 2.60 metres at 88.72g/t gold from 132.90 metres

At least two mineralised zones identified containing high grade shoots over a
strike length of 330 metres. The mineralised structure is open along strike to
the West and at depth.

CEO, Nigel Ferguson, stated 'The results from the initial drilling phase at the
100% owned El Cacao Project, have again confirmed that better grades and widths
usually occur at depth below sometimes meagre surface results in epithermal
systems. The Company will advance the Cacao Project with further testing along
strike through mapping and trenching, and at depth through a further program of
drilling expected to commence in December. The Company is confident that further
significant mineralisation will be encountered and a resource proved up at the
El Cacao Project.'


El Cacao Project

After completion of the planned drilling program, assay results indicate
excellent width and grade within the mineralised structure and continuity of up
to 120 metres true depth. Nine reverse circulation and combination reverse
circulation-diamond core drill holes were completed for a total of 733 metres of
reverse circulation and 223.45 metres of diamond core.

The drilling results show that the mineralised structure consists of at least
two zones or shoots with a total defined strike length of 330 metres. The
Western Zone remains open to the west. Mineralised structures of up to 14 metres
width at grades of 6.05g/t gold are reported from drilling. A high grade
mineralised quartz vein assaying at 0.95 metres at 99g/t gold (CCRD006 134.95
metres to 135.50 metres included in a high grade zone reported in the table
below. Minimum mineable widths have been taken into account to report the 2.6
metres at 88.6g/t gold). These results complement trench intercepts of up to 7
metres at 2.39g/t gold.


A complete list of significant drilling intersections includes:

  Drillhole     Depth from     Depth to       Width      Gold Grade
    Number       (metres)      (metres)      (metres)    (grams per
                                                           tonne)
   CCRC001              39 m          43 m        4.00m      2.22 g/t
   CCRD002              87 m      101.05 m       14.05m      6.05 g/t
   CCRD002          110.35 m      111.30 m        0.95m      1.50 g/t
   CCRD003              74 m          76 m        2.00m      1.41 g/t
   CCRD003              89 m          91 m        2.00m      2.38 g/t
   CCRD004          123.35 m      128.90 m        5.55m      6.10 g/t
   CCRD004          133.60 m      134.80 m        1.20m      2.69 g/t
   CCRC006           93.12 m      106.95 m       13.83m      2.25 g/t
   CCRD006          110.15 m      110.60 m        0.45m      1.46 g/t
   CCRD006          129.23 m      130.40 m        1.17m      3.74 g/t
   CCRD006          132.90 m      135.50 m        2.60m     88.72 g/t

    Note: Holes CCRD005, 007,008,009 have no significant results to report.

The first four drill holes successfully intersected the mineralised zone at the
centre of the prospect demonstrating that the mineralisation structure is
vertical at this location. Drilling in the western zone was less successful with
only one drill hole (CCRD006) intersecting the mineralisation at a shallow
angle, demonstrating that the mineralised structure is overturned at this
location and dips at a steep angle in the same direction as the drilling, that
is to the south. The remaining three drill holes targeting mineralisation at the
western end of the Western Zone failed to intersect the mineralised zone, and it
is believed that the mineralised zone is also overturned and dips at an even
shallower angle in the same direction as the drilling at this location.
Similarly, a drill hole targeting trench defined mineralisation at depth at the
eastern extent of the Cacao Prospect failed to intersect a mineralised zone
suggesting that mineralisation may be overturned to the south at that end of the
prospect as well.

In addition to the drilling the Company has now completed a total of 865 metres
of trenching on the Cacao Prospect, testing the mineralised structure over a
strike length of 620 metres with 40 metre spaced trenches. This trenching has
defined the two zones with significant surface mineralisation over a combined
330 metres strike length mentioned above. An agreement has been reached with the
landholder to continue exploration over the western strike extension of
mineralisation where a programme of rock chip and trench sampling is planned for
November to test the entire 2,000 metre strike extent of the structure as
defined so far.

As a consequence of the encouraging results yielded by this drilling, and the
geological information gained, a second phase of drilling is planned to commence
prior to year end to:

1.      better constrain the mineralisation in the western zone,
2.      to test for a plunge component to the mineralised shoots and
3.      to test for a depth extension to the main mineralised zone.

The Cacao Prospect is in a similar geological and structural setting to the
currently producing El Limon Mine nearby, and the Company believes that the
Cacao Prospect has excellent potential to host an economic resource. The
Directors plan to commission a maiden resource estimate on the Cacao Prospect in
the near future.


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
Simon Robinson
Erica Nelson
[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.


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