Exploration Update

Condor Resources PLC
16 March 2007

16 March, 2007



                              Condor Resources plc

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



            Significant Trenching Results at La Calera, El Salvador





Condor Resources plc (AIM: CNR) is pleased to announce that the second phase of
trenching at the La Calera project has now been completed and all assay results
have been received. They show excellent width and grade results with the
mineralised structures remaining open in all directions. A total of 1,064 metres
of trenching were excavated manually to test for possible strike extensions and
additional parallel zones within the main resource area.  The Company has now
completed a total of 1,423 metres of trenching on the project.



The La Calera Project contains a JORC Inferred Resource of some 112,604 ounces
of gold and 97,373 ounces of silver as calculated by Independent Consulting
Geologists, Ravensgate Pty Ltd, in December 2006 (RNS 'La Calera Maiden Resource
Update' dated 20th December 2006).



Several new high grade mineralised zones have been discovered between quartz
vein zones outlined in the Phase 1 trenching program (RNS 'Exploration Update'
dated 13 December 2006). The mineralised structures are open both to the north
and south along strike and at depth.



Mineralised structures of up to 14 metres width at grades of 4.87g/t gold have
been reported, including several, greater than 1 metre wide, higher grade zones
of greater than 10g/t gold.



Selected highlights include:


     Trench Number               Width                Gold Grade            Silver Grade
         LCTR19                 5 metres               6.58g/t                 3.2g/t
         LCTR28                 6 metres               3.48g/t                 1.8g/t
         LCTR31                 8 metres               9.60g/t                11.3g/t
         LCTR34                14 metres               4.87g/t                 4.3g/t
         LCTR35                 4 metres               7.37g/t                 9.8g/t
         LCTR35                 4 metres               7.20g/t                 4.2g/t
         LCTR39                 2 metres               7.40g/t                 4.6g/t



Sampling to date at La Calera has now defined a highly gold anomalous area of
approximately 800 metres by 200 metres containing several parallel quartz veins
and associated wide stock work zones that will require further follow up work,
including an extensive drilling program. The Company is very pleased with
progress to date and is hopeful of continued excellent results from the project.



A more complete list of significant results for the Phase 2 trenching program at
La Calera is presented below.


    Trench Number             Width              Gold Grade           Silver Grade
       LCTR19               5 metres               6.58g/t               3.2g/t         including
                            2 metres              14.81g/t               6.4g/t
       LCTR20                1 metre               8.63g/t               5.5g/t
       LCTR24               2 metres               4.03g/t               2.5g/t         including
                             1 metre               7.34g/t               4.4g/t
       LCTR28               6 metres               3.48g/t               1.8g/t         including
                             1 metre               8.29g/t               4.7g/t         and
       LCTR28                1 metre               6.12g/t               2.8g/t
       LCTR29               2 metres               4.80g/t               2.7g/t         including
                             1 metre               8.12g/t               4.1g/t
       LCTR31               8 metres               9.6g/t                11.3g/t        including
                             1 metre               24.9g/t               9.6g/t         and
                             1 metre              13.57g/t               20.5g/t        and
       LCTR31               2 metres              13.61g/t               14.3g/t
       LCTR34               14 metres              4.87g/t               4.3g/t         including
                            2 metres              17.04g/t               10.1g/t
       LCTR34                1 metre              21.01g/t               13.1g/t
       LCTR34                1 metre              10.47g/t               6.4g/t
       LCTR35               4 metres               7.37g/t               9.8g/t         including
                            3 metres               9.54g/t               12.5g/t        and
       LCTR35                1 metre              10.25g/t               12.3g/t        and
       LCTR35                1 metre              13.17g/t               19.1g/t
       LCTR35               4 metres               7.20g/t               4.2g/t         including
                            2 metres              11.74g/t               6.7g/t
       LCTR35                1 metre              16.57g/t                8g/t
       LCTR39               2 metres               7.49g/t               4.6g/t         including
                             1 metre               14.3g/t               9.2g/t



Nigel Ferguson, CEO of Condor, commented: 'We are very encouraged by these
results. Mineralization, alteration and results received from trenching at the
La Calera Project again reinforce Condor's target model of broad, sheared, stock
work zones of gold and silver mineralization with inter-fingering high grade
quartz veins. These results highlight the potential of this project and we hope
to achieve similar success with subsequent programs.'



Within the La Calera Project, Condor is preparing to commence a third trenching
program as several mineralised zones have not yet been closed off. This will be
immediately followed by a reverse circulation drilling program to test depth
extensions of the several, well mineralised zones, and the Company expects the
program to initially be undertaken over a strike length of approximately 800
metres and to a depth of approximately 200 metres below surface.  Following this
work, the Company will commission an updated mineral resource statement from an
independent Competent Person.





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]



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.



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.






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