Further results at San Albino

Condor Resources PLC
03 September 2007


3 September 2007

Condor Resources plc

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


 Further High Grade Trench Results at the Arras Prospect (San Albino Licence),
                                   Nicaragua


Highlights


   •Results include 24 metres at 7.17 grams per tonne gold
   •High grade gold mineralisation defined over 200 metres strike length and
    open in all directions


San Albino Licence, Arras Prospect


Condor Resources Plc (AIM: CNR) is pleased to announce the results of extension
and infill trenching at it's Aguja de Arras (Arras) Prospect in Northern
Nicaragua close to the historical high grade San Albino Gold Mine. Extensions to
trenches excavated in the first phase of trenching, as well as an infill trench
designed to close the trench spacing to 40 metres along strike, has extended the
width and better defined the orientation of the high-grade gold mineralisation
reported in May 2007 (RNS 'Significant High Grade Trenching Results at the San
Albino Project, Nicaragua' dated 18th May 2007).


A mineralised zone up to 24 metres width at a grade of 7.17 gram per tonne gold
(SATR003 - including a 3 metre wide zone of internal waste) has now been
defined, with individual assay results of up to 1 metre at 47.5 gram per tonne
gold. The high grade gold mineralisation has been intercepted in five adjacent
trenches and currently defines a strike length of 200m, open along strike in
both directions, with a maximum width of 24 metres which remains unconstrained.


Significant results from the five trenches include:

+---------------+----------+------------+-----------------------------------------+
| Trench Number |  Width   | Gold Grade |                Comments                 |
+---------------+----------+------------+-----------------------------------------+
|    STRR003    |24 metres |  7.17g/t   |Includes 3 metres of internal waste.     |
|               |          |            |Includes:                                |
|    SATR003    |18 metres |  8.80g/t   |                                         |
|               |          |            |Extended from 12 metres at 5.59g/t gold, |
|               |          |            |and                                      |
+---------------+----------+------------+-----------------------------------------+
|    SATR003    | 2 metres |  5.80g/t   |New result extending width of            |
|               |          |            |mineralisation                           |
+---------------+----------+------------+-----------------------------------------+
|    SATR010    |18 metres |  6.77g/t   |Previously reported                      |
+---------------+----------+------------+-----------------------------------------+
|   SATR010*    | 8 metres |  8.82g/t   |Previously reported as two separate      |
|               |          |            |intercepts now includes 2 metres of      |
|               |          |            |internal waste                           |
+---------------+----------+------------+-----------------------------------------+
|    SATR011    |16 metres |  7.89g/t   |Previously reported                      |
+---------------+----------+------------+-----------------------------------------+
|    SATR024    | 1 metre  |  5.15g/t   |New result, 40m spaced infill trench     |
+---------------+----------+------------+-----------------------------------------+
|    SATR024    | 2 metres |  5.01g/t   |New result, 40m spaced infill trench     |
+---------------+----------+------------+-----------------------------------------+
|    SATR024    | 2 metres |  6.27g/t   |New result, 40m spaced infill trench     |
+---------------+----------+------------+-----------------------------------------+
|    SATR024    | 5 metres |  6.97g/t   |New result, 40m spaced infill trench     |
+---------------+----------+------------+-----------------------------------------+
|    SATR013    | 3 metres |  4.99g/t   |Previously reported                      |
+---------------+----------+------------+-----------------------------------------+

Intercepts calculated using 1g/t gold lower cut and allowing 1m internal waste.
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.

* Discretionary 2m of internal waste at over 0.5g/t gold grade included in this
intercept.


High grade gold mineralisation at the Arras Prospect is hosted by both quartz
veins and the adjacent altered wall rock, in a package of graphitic schist
within the under-explored Guayape Suture Zone. The Directors believe that
multiple rock chip samples assaying over 1 gram per tonne gold indicate half a
dozen or more parallel mineralised systems throughout the company's San Albino
Licence and extending onto the adjacent Potrerillos Licence. Condor's
application for the 12 km2 Potrerillos Licence was granted in July this year and
field rock chip sampling has already commenced.


At the Arras Prospect, further extensions to the existing trenches and
additional trenching along strike is already underway. Preparations have been
completed for a combined reverse circulation and diamond core drilling programme
to test the mineralisation at depth.


Other gold mineralised trends identified by regional rock chip sampling within
the San Albino Licence area are being systematically tested by trenching and
Condor is confident that this work will result in the discovery of further high
grade gold mineralised systems comparable to the Arras Prospect.


Cacao Licence, Nicaragua


Drilling has been completed at the Cacao Licence and the rig mobilised to the
Arras Prospect where initial drilling has commenced on receipt of the necessary
permit, to complete approximately 1000 metres of combined Reverse Circulation
and Diamond drilling.


Condor is awaiting results from the Cacao drilling program and expects to
release an initial resource estimate for both the Cacao Licence and the Arras
Prospect before the end of the year.

El Potosi Licence, El Salvador


Condor has recently completed a full technical review of drilling and surface
data at the El Potosi Licence in El Salvador. The review suggests that although
gold is present in the system, the mineralised structures are narrow and very
discrete with little or no wall-rock alteration, thus proving a hard and
expensive target to define further. It was therefore decided that Condor's other
projects, such as Arras and San Albino, should be given every opportunity to be
developed into profitable mines and the US$1.25 million payment due to Brett
Resources within 30 days of the 24th August under the El Potosi Option Agreement
(RNS 15 February 2007) would be better spent funding exploration and development
of those projects. Brett has therefore been formally advised that Condor is
withdrawing from the El Potosi Option Agreement.


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.




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