Maiden Resource at El Cacao

Condor Resources PLC
18 April 2008

18 April 2008


                              Condor Resources plc

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


          Condor's Maiden Resource at the El Cacao Prospect, Nicaragua


Highlights


   • Maiden resource calculated to JORC Inferred status of 41,000 ounces gold


   • The mineralised structure is open along strike in both directions and at
    depth below the current level of drilling


   • Signs of three parallel mineralised structures are apparent and will be
    tested further within the coming months.


   • Gold grades of up to 88.75g/t gold over 2.6 metres and 6.05g/t gold over
    14 metres width.


Condor Resources Plc (AIM:CNR) is pleased to announce a maiden resource for its
El Cacao Project of some 41,000 ounces of gold to JORC Inferred category. This
supplements Condor's more extensive El Salvador resource base and brings the
company's global resource base up to 788,000 ounces of gold and 22.3 million
ounces of silver.


Condor's Chief Executive, Mr. Nigel Ferguson, stated: 'I am extremely pleased to
announce this maiden resource from our project in Nicaragua. The El Cacao
Project has produced an initial maiden resource that in our opinion can quickly
be built on through further work on the additional, plus 2,000 metres of strike
potential which is as yet untested. The Company has discovered low grade
mineralisation some 1,500 metres to the west beneath cover, which appears to be
the western strike extent of the El Cacao structure.'


El Cacao Resource


Independent Geologists, Geosure ('Geosure') completed the resource calculations
on the El Cacao Prospect following completion of the latest drilling programme
and subsequent to a field visit in late 2007. Condor has completed some 2,170
metres of drilling and 1,855 metres of trenching within the licence area. The
inferred resource using a 0.5g/t gold bottom-cut and a 12.5g/t gold top-cut is
stated by Geosure as:

Mineral Resource  Tonnes        Gold Grade (g/t)       Contained Gold (oz)

El Cacao          1,052,383     1.22                   41,279


Gold mineralisation at the El Cacao Prospect is contained within an epithermal
quartz-carbonate vein and associated breccia and stock-work zone hosted by
andesitic volcanic rocks. The east-west striking mineralised structure has been
traced over a 600 metre strike extent and tested down to a maximum of 120 metres
below surface. In the drill tested area high grade gold mineralisation is
concentrated in two zones with a combined strike length of 330 metres and drill
intercepted average grades of up to 7g/t gold over 10 metres.


The mineralised structure remains open to depth and along strike in both
directions where alluvial cover obscures the surface expression. The
mineralisation and geological setting is very similar to the Limon Mine located
55 kilometres to the west of the El Cacao Prospect, which has produced
intermittently, approximately 2.7 million ounces of gold over the last 67 years.


Exploration to date has concentrated on establishing the width and tenure of
gold mineralisation to a relatively shallow depth below the area where the El
Cacao structure is exposed in outcrop. This work has demonstrated that the El
Cacao structure hosts high grade zones of gold mineralisation with continuity at
the 10's to 100's of metre scale. Based on the positive results from this
initial resource estimation and the geological knowledge gained, the company is
now confident that the El Cacao structure warrants further exploration to
establish the depth and strike extent of the gold mineralisation. It is further
encouraged by the fact that gold mineralisation in the analogous Limon Mine has
been demonstrated to extend to at least 270 metres below surface, over twice the
depth that has been explored at El Cacao to date.


Resource Upgrade


The company's global resource now stands at approximately 788,000 ounces of gold
and 22.3 million ounces of silver:

Prospect   Tonnes        Gold      Contained   Silver     Contained     JORC
                         Grade (g/ Gold (oz)   Grade (g/  Silver (oz)   Category
                         t)                    t)
Loma de      2,517,300      1.44     116,500      39.00     3,200,000   Inferred
Caballo
Divisidero
Oxide        1,230,200      1.03      40,700      52.98     2,095,400   Inferred
Divisidero   2,748,200      2.70     238,000     117.00    15,100,000   Inferred
El Gigante     610,000      2.00      39,000      87.00     1,700,000   Inferred
La Calera    6,044,500      1.61     312,800       1.42       275,900   Inferred
El Cacao     1,052,383      1.22      41,279   TBA        TBA           Inferred
   Total    13,150,200      1.87     788,279      41.56    22,371,200   Inferred


A resource on the Arras Prospect on the company's Nueva Segovia project area in
the north of Nicaragua will be undertaken as soon as the assay results are
returned from the latest round of drilling. It is anticipated that the resource
estimate for Arras will be completed within the next few weeks.



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 23 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      Nigel Ferguson, CEO
                               [phone]          [phone]
Nabarro Wells & Co. Limited    Hugh Oram                 Robert Lo
                               [phone]          [phone]
Mirabaud Securities Limited    Rory Scott
                               [phone]
Parkgreen Communications       Justine Howarth           Erica Nelson
                               [phone]          [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 CAS
Laboratories, Honduras for completion of final assay determinations. A total of
10% of samples returning significant assay results have their pulps forwarded to
BSI Inspectorate Laboratories, in Sparks, Nevada, USA for repeat assay
determinations as part of the companies QAQC procedure.


Resource Calculation Notes

The reported tonnages and grades are in accordance with the guidelines and
recommendations of the JORC Code. Drill results are from both Reverse
Circulation and diamond drilling. Drill sample and trench sample assay
determinations were carried out by BSI Inspectorate of Nevada, USA. Gold
determinations were by Fire Assay 30g with Atomic Absorption finish; silver
determinations were by wet chemical method with an Atomic Absorption finish.
Modelling was completed using Surpac Vision 5.2D Mining Software. Domaining was
performed based on geological interpretations and gold grade (0.4g/t gold bottom
cut-off or a 0.5g/t bottom cut in the case of El Cacao). Only mineralization
that showed continuity along strike of more than 2 sections was domained. Silver
results were analysed on the basis of the wireframes created to domain gold
samples. Ordinary Kriging was considered an appropriate method of estimation for
the dataset. Ordinary Kriging estimates were made for gold and silver, with
visual inspections of the grade estimate along with statistical analysis used to
validate the block model.


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 licences in two project areas in El Salvador.
It withdrew from the El Potosi project in 2007. 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 stating JORC complaint resources of 354,500
ounces of gold and 18.3 million ounces of silver. Subsequent mineral resource
calculation statement in December 2006 by Ravensgate, and in January, February
and April 2008 by Geosure, has raised the combined global resource estimates as
defined by JORC Code standards to some 788,000 oz gold and 22.3Moz silver within
two project areas.


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 as required by each prospect.
Drilling is expected to commence in El Salvador upon granting of the necessary
Environmental Permits by the Ministry of Environment.



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