Exploration Update

Condor Resources PLC
05 November 2007

5th November 2007
Condor Resources plc


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

     Further High Grade Trench Results at the La Calera Project El Salvador

Highlights

Condor Resources Plc (AIM: CNR) is pleased to announce the results of its third
phase of trenching at its La Calera Prospect in El Salvador. Highlighted results
include:

  • 4 metres at 24.52g/t gold, 14.38g/t silver including 1 metre at 91.48g/t
    gold, 45.0g/t silver
  • 10 metres at 3.30g/t gold, 1.63g/t silver
  • 12 metres at 7.52g/t gold, 6.27g/t silver including 1 metre at 31.41g/t
    gold, 38.1g/t silver
  • 9 metres at 8.71g/t gold, 14.10g/t silver including 1 metre at 35.76g/t
    gold, 59.70g/t silver
  • 5 metres at 12.03g/t gold, 5.42g/t silver including 1 metre at 33.04g/t
    gold, 13.30g/t silver
  • 12 metres at 5.37g/t gold, 2.60g/t silver including 1 metre at 16.70g/t
    gold, 7.20g/t silver

High grade gold mineralization is now defined over a 600 metre strike length on
the main Rosa, Rosa West and Calichal vein systems.

Wide intervals of mineralization have also been defined under shallow colluvial
cover a further 600 metres to the southeast of the main exposures, indicating
persistence of mineralization over at least 1,200 metres of strike length.
Mineralisation is open along strike in both directions and down dip and plunge.

CEO, Nigel Ferguson, stated 'Condor is delighted with the continued reporting of
excellent results from trenching at the La Calera Project where we already have
a JORC Inferred resource of some 112,000 ounces of gold. The significant high
grade intercepts over considerable widths have again strengthened our view that
the La Calera project holds significant potential for plus 500,000 ounces of
gold resources amenable to open pit mining. The lack of issue of the necessary
environmental permit from the Ministry of Environment (MARN) to allow drilling
has delayed by 6 months the commencement of a planned 5,000 metre Reverse
Circulation drilling program designed to test depth extensions to the known
mineralisation. La Calera remains a robust project with over 7,000 metres of
diamond drill core completed on the project to date; a considerable strike
length and high grade intercepts that will allow the completion of an upgraded
resource calculation in the coming months'.

La Calera Licence, La Calera Prospect

A total of 3,964 metres of trenching were completed during Phase 3 by mid
October, producing 3,712 samples from 33 trenches. Trenches varied from 12 to
282 metres in length with samples collected from trench walls at sample depths
varying from 1 to 1.5 metres below surface. The Phase 1 (359 metres) and Phase 2
(1064 metres) trenching programs focused on confirming the grade of the Rosa,
Rosa West and Calichal vein systems in the main zone where the veins are exposed
over a 600 metre strike length. The Phase 3 trenching program was designed to
infill on a 40 metre trench line spacing over the main zone to provide more
detail on the continuity and grade of the three vein systems, and to test the
continuation of the vein systems along strike on 80 metre trench line spacing.

All results have been received and intersections using a 0.5 g/t gold cut off
are presented in Table 1.

The analytical results and geological interpretations confirm continuity of
veining and high grade mineralization of the main Rosa, Rosa West and Calichal
vein systems over a 600 metre strike length with the longest single vein, the
Rosa vein, being traced for approximately 1,200 metres. Indications of
hydrothermal alteration further along the mineralized trend suggest an overall
potential strike length of some 2,000 metres.

The trenching programs helped delineate a total of five vein systems at the
Prospect. From the west these are referred to as the Acevedo, Escobar, Calichal,
Rosa West, and Rosa veins, with the Rosa, Rosa West and Calichal veins being
interpreted as the principal veins in terms of grade, continuity of strike and
dip, and thickness. The Acevedo and Escobar veins are more structurally complex
and are thought to be quartz stock-work zones related to shearing. The
mineralisation and hydrothermal alteration of the Acevedo and Escobar vein
systems has been traced over some 500 metres strike length and a fourth phase of
trenching to further investigate the continuity and grade of the veins has
commenced.

The trench results and geological interpretations continue to positively support
the option of a shallow resource amenable to open pit mining methods. Sectional
interpretation of the mineralisation is currently being undertaken and a revised
resource assessment will be announced in the coming months.

An extensive Reverse Circulation drilling program to test depth extensions of
the several, well mineralized zones has been planned with drilling pads prepared
in anticipation of granting of the Environmental Permit by the Ministry of
Environment.

Condor's CEO met with the Minister of Economy on the 27th September to discuss
the current problem associated with environmental permits not being issued by
MARN. A formal letter has been sent to the Minister requesting clarification of
the situation, primarily in regard to the immediate issue of environmental
permits to allow drill testing its projects, especially the La Calera Project
where very encouraging results have been received to date.

Meanwhile, Condor continues to explore its licences with ongoing trenching
programs at the La Calera and Pescadito Projects. On completion of the trenching
program at La Calera, the project will be ready for drill testing. In the
absence of the necessary environmental permits to allow drilling, Condor will
commence further scaling back of its operations in El Salvador pending their
issue and continue to focus on exploration of the Company's Nicaraguan assets
where significant encouragement is being received at the San Albino (RNS 03/09/
07) and El Cacao (RNS 20/07/07) Projects.

Table 1: Significant Phase 3 Trench Results.  Length Weighted Average Intercepts
calculated using 0.5 g/t gold lower cut and allowing 1m internal waste. No top
cut.  The inclusion of internal waste in measurements has the effect of reducing
the gold grade per tonne and providing an indicative gold grade more applicable
to bulk tonnage recovery.


Trench           Interval    Gold    Silver    From
                   (m)       g/t      g/t       (m)
ID
LCTR040            0.75      5.39     2.37     0.25
LCTR041            1.00      4.54     0.20     1.00
LCTR041            2.00      1.08     0.40     23.00
LCTR041            4.00      1.50     1.20     61.00
LCTR041            2.00      2.66     1.70     67.00
LCTR042            0.80      2.62     0.94     0.20
LCTR042            1.00      0.89     0.40     5.00
LCTR045            1.00      6.79     2.70     8.00
LCTR045            1.00     18.04     6.80     22.00
LCTR045            2.00      2.83     0.90     46.00
LCTR045            3.00      5.03     2.23     63.00
LCTR046            1.00      1.37     1.80     12.00
LCTR046            1.00      4.93     3.40     17.00
LCTR046            4.00      1.20     0.83     30.00
LCTR046            1.00      0.52     1.00     57.00
LCTR048            1.00      0.74     0.50     8.00
LCTR048            4.00      1.05     0.85     23.00
LCTR048            2.00      3.22     4.20     29.00
LCTR049            1.00      1.07     2.70     53.00
LCTR049            8.00      1.17     3.16     62.00
LCTR049            1.00      1.93     0.80    106.00
LCTR049           11.00      1.06     0.97    114.00
LCTR049            4.00      0.62     0.20    191.00
LCTR049            1.00      0.62     0.40    199.00
LCTR050            3.00      3.48     6.73     72.00
LCTR050            1.00      1.07     2.10    131.00
LCTR052            1.00      0.53     0.80     53.00
LCTR052            2.00      0.69     1.40     60.00
LCTR052            3.00      1.74     3.77     78.00
LCTR053            1.00      7.10    11.70     13.00
LCTR053            1.00      1.42     2.60     47.00
LCTR053            2.00      0.73     0.55     56.00
LCTR053            1.00      1.87     1.20    136.00
LCTR053            1.00      1.93     1.90    140.00
LCTR053            3.00     18.94    14.13    150.00
Inc.               1.00     42.50    28.60    152.00
LCTR053            1.00      0.47     0.50    164.00
LCTR053            1.00      2.41     1.60    182.00
LCTR054            2.00      1.52     1.45     17.00
LCTR054            1.00      0.87     0.60     42.00
LCTR054            3.00      1.29     0.93     45.00
LCTR054            2.00      0.93     0.85     54.00
LCTR054            1.00      1.25     0.50     58.00
LCTR054            6.00      2.68     1.78    107.00
LCTR054_A          3.00      6.49     7.27     6.00
LCTR054_A          4.00      1.12     0.53     14.00
LCTR054_B          1.00     12.32     5.70     12.00
LCTR054_B          1.00      0.85     0.40     31.00
LCTR054_C          3.00      1.86     1.17     3.00
LCTR054_C          3.00      2.87     1.17     13.00
LCTR054_C          3.00      3.86     4.07     18.00
LCTR055            1.00      0.64     0.30     2.00
LCTR055            2.00      4.45     3.60     5.00
LCTR055            1.00      0.71     1.00     9.00
LCTR055            2.00      8.33     7.00     15.00
LCTR055            1.50      7.34    10.70     20.50
LCTR055            1.00      0.55     0.00     46.00
LCTR055            1.00      0.68     0.10     63.00
LCTR055            1.00      4.66     1.70     77.00
LCTR055            1.00      3.29     2.10     81.00
LCTR055            2.00      0.94     0.30    101.00
LCTR055            1.00      1.30     0.50    105.00
LCTR055            4.00     24.52    14.38    113.00
Inc.               1.00     91.48    45.00    116.00
LCTR055            3.00      1.48     2.13    122.00
LCTR055            1.00      0.51     0.10    163.00
LCTR055            3.00      1.26     0.67    166.00
LCTR055            1.00     18.78     7.30    210.00
LCTR055           10.00      3.30     1.63    214.00
LCTR057            1.00      0.51     0.40     11.00
LCTR057            1.00      1.87     1.80     35.00
LCTR057            1.00     15.91    18.10     69.00
LCTR057_A          1.00      1.35     1.40     11.00
LCTR057_A          3.00      1.28     0.37     27.00
LCTR057_B          2.00      7.52     2.95     1.00
LCTR057_B          1.00      0.73     2.80     9.00
LCTR057_B          1.00      0.87     0.60     14.00
LCTR057_B          2.00      0.67     0.40     17.00
LCTR057_B         12.00      7.52     6.27     21.00
Inc.               1.00     31.41    38.10     21.00
LCTR057_B          1.00      2.78     0.80     78.00
    LCTR058        1.00      1.80     4.60     21.00
    LCTR058        6.00      4.22     7.42     28.00
    LCTR058        9.00      8.71    14.10     43.00
     Inc.          1.00     35.76    59.70     45.00
    LCTR058        4.00      1.88     1.58     48.00
    LCTR058        4.00      1.63     1.43     56.00
    LCTR058        1.00      2.51     0.60     67.00
    LCTR058        2.00      0.61     0.00     70.00
    LCTR058        1.00      0.72     0.00     75.00
    LCTR058        1.00      0.59     0.00     81.00
    LCTR058        1.00      0.74     0.20     87.00
    LCTR058        1.00     13.70     7.00     98.00
    LCTR058        2.00      1.30     0.25    110.00
    LCTR058        1.00      0.60     0.20    116.00
    LCTR058        1.00      1.23     0.00    123.00
    LCTR058        5.00     12.03     5.42    135.00
     Inc.          1.00     33.04    13.30    137.00
    LCTR058        2.00      1.47     0.20    142.00
    LCTR058       12.00      5.37     2.60    147.00
     Inc.          1.00     16.70     7.20    152.00
    LCTR058        1.00      4.65     1.50    210.00
    LCTR058        1.00      0.69     0.00    216.00
    LCTR058        1.00      0.55     0.00    218.00
    LCTR058        1.00      0.65     0.40    247.00
    LCTR058        2.00      2.62     1.45    266.00
    LCTR059        1.00     35.25    34.90     38.00
    CTR059         1.00      0.51     0.40     51.00
    LCTR059        2.00      0.69     0.80     62.00
    LCTR059        1.00      1.01     0.60     67.00
    LCTR059        3.00      0.65     0.12     83.00
    LCTR059        4.00      1.02     0.48     96.00
    LCTR059        1.00      1.43     1.10    111.00
    LCTR059        8.00      3.30     1.98    128.00
    LCTR059        2.00      0.72     0.40    134.00
    LCTR059        2.00      1.76     1.00    138.00
    LCTR060        4.00      2.24     3.05    107.00
    LCTR060        4.00      2.69     1.58    115.00
    LCTR060        1.00      1.20     1.40    126.00
    LCTR060        1.00      2.79     0.70    173.00
    LCTR060        3.00      1.60     0.40    208.00
    LCTR061        1.00      4.65    10.70     58.00
    LCTR061        2.00      0.98     3.25     64.00
    LCTR061        1.00      0.54     0.60     74.00
    LCTR062        1.00      1.31     4.20     78.00
    LCTR062        1.00      5.07     5.50     82.00
    LCTR062        1.00      1.90     3.70     88.00
    LCTR062        3.00      0.85     1.90     97.00
    LCTR063        1.00      1.74     3.70     41.00
    LCTR063        5.00      1.10     3.06     50.00
    LCTR063        2.00      4.95     6.90     59.00
    LCTR063        3.00      2.46     2.93     71.00
    LCTR063        1.00      0.56     0.90    100.00
    LCTR063        1.00      0.64     0.60    127.00
    LCTR064        2.00      4.60     9.50     45.00
    LCTR064        1.00      0.69     0.30     55.00
    LCTR064        1.00      0.70     0.20     62.00
    LCTR064        1.00      1.08     3.30     66.00
    LCTR064        2.00     11.30    19.95     70.00
     Inc.          1.00     20.72    32.70     71.00
    LCTR064        3.00      2.67     4.83     74.00
    LCTR064        1.00      0.53     1.10     96.00
    LCTR064        1.00      0.95     5.20    101.00
    LCTR064        1.00      2.18     4.80    108.00
    LCTR065        1.00      1.19     0.00     84.00
    LCTR065        1.00      1.08     1.40    145.00
    LCTR066        1.00      2.19     0.70     14.00
    LCTR066        1.00      0.87     0.20     18.00
    LCTR066        4.00      1.26     0.63     41.00


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. These drilling programmes are
dependent on  the results returned and is expected to be greater than  10,000m
or as required, of combined reverse circulation and diamond drilling.




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