Significant Resources Update

Condor Resources PLC
21 February 2008

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

                  Significant Resources Upgrade - El Salvador.


Condor Resources Plc (AIM: CNR) announces an increase in the resources at its La
Calera and El Pescadito projects in El Salvador.



Highlights



  • 178% increase in resources at La Calera Project:
      • 312,800 ounces of gold
      • 275,900 ounces of silver



  • 10% increase in resources at El Pescadito Project, representing the
    Company's other main resource:
      • 434,200 ounces of gold
      • 22.1 million ounces of silver



  • 48% increase in Global JORC compliant gold resources to 747,000 ounces



  •  11% increase in Global JORC compliant silver resources to 22.3 million
    ounces





Resources Upgrade



The Company has increased its resources at its La Calera Project up some 178%
from 112,604 ounces to 312,800 ounces of gold. In addition, a further oxide
resource for the El Divisidero Prospect has also been calculated, which now
totals 278,700 ounces of gold, representing a 17% increase. Global resources for
the company now stand at some 747,000 ounces of gold and 22.3 million ounces of
silver.



Condor Chief Executive, Mr. Nigel Ferguson, commented 'We are very pleased with
the results from the La Calera and El Divisidero projects, given that we have
been impaired in our efforts to drill test these projects. The La Calera Project
has now confirmed its potential as a corner stone project in El Salvador with
significant upside potential. The El Pescadito Project continues to impress with
the extent of mineralisation present in the field. We are confident that once we
are awarded the environmental permits to drill, resource ounces will be
increased significantly at both of these projects.'



A sub-commission of the National Assembly of El Salvador is currently reviewing
a document with proposed changes to the Mining Laws. Condor supports these
proposed changes which will provide a platform to facilitate metals exploration
and exploitation with benefits to the social, environmental and economic sectors
of the country. A vote by the National Assembly to accept these changes is
expected in the near future, which should initiate processes resulting in the
granting of the environmental permits necessary to allow drilling Condor's
projects.



Resource Calculations



Geosure Exploration and Mining Solutions ('Geosure') completed the resource
calculations subsequent to a field visit in late 2007. The La Calera and El
Divisidero Oxide Inferred Resources at a 0.40 g/t gold bottom cut, are stated by
Geosure as:


 Mineral Resource       Tonnes             Gold            Contained          Silver           Contained

                                        Grade (g/t)        Gold (oz)        Grade (g/t)       Silver (oz)
    La Calera          6,044,500           1.61             312,800            1.42             275,900
 Divisidero Oxide      1,230,200           1.03             40,700             52.98           2,095,400



Modelling was completed on the La Calera and El Divisidero project data to
provide the resource statement to conform to current JORC Code standards.



The La Calera resource incorporates a new interpretation based on the results of
4,598 metres of trenching and geological mapping completed by Condor
complimenting previous drilling and trenching completed by Pacific Rim Mining of
Canada. The El Divisidero oxide resource incorporates trenching and drill hole
mineralization down to the 170m Reduced Level ('RL') and compliments the current
resource assessment from under ground sampling completed by Javelin Resources
previously.



The revised El Divisidero resource brings the combined resources within the El
Pescadito Project area up 10% to 434,200 ounces gold and silver up 10% to 22.1
million ounces silver, thereby increasing the possibility of a centralised mill
and plant fed by a number of closely located economic prospects.



The company's global gold resources now stands at some 747,000 ounces of gold
(up 48%) and silver resources 22.3 million ounces of silver (up 11%) as
tabulated below. These are inferred resources as defined in the JORC Code:


   Prospect         Tonnes           Gold          Contained        Silver         Contained         JORC

                                  Grade (g/t)      Gold (oz)      Grade (g/t)     Silver (oz)      Category
    Loma *         2,517,300         1.44           116,500          39.00         3,200,000       Inferred
  Divisidero       2,748,200         2.70           238,000         171.00        15,100,000       Inferred

   Sulphide
  Divisidero       1,230,200         1.03           40,700           52.98         2,095,400       Inferred
     Oxide
  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
     Total        13,150,200         1.77           747,000          52.85        22,371,300       Inferred

* Loma Del Caballo









Project Background



At La Calera, gold mineralization is now defined over a 600 metre strike length
on the main Rosa, Rosa West and Calichal vein systems. Outcropping quartz veins
including the main Rosa Vein have been traced a further 600 metres along strike
to the south. Field work including infill and step-out trenching at 80 metre
centres has defined a further two vein systems over a 500 metre strike length.
These veins systems, named the Escobar and Acevedo systems, also remain open in
all directions.



At El Divisidero, trenching at 40 metre centres over the main El Divisidero
prospect has defined surface and sub-surface mineralization amenable to open-cut
mining down to the 170mRL, a depth of some 70 metres from surface. The
mineralization continues to the north beneath alluvial cover and requires
further exploration. This resource compliments the current resource estimate of
238,000 ounces gold and 15.1 million ounces silver, based on primary
mineralization below the 170mRL.





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
                                  [phone]
                                  Nigel Ferguson, CEO
                                  [phone]

Nabarro Wells & Co. Limited       Hugh Oram
                                  [phone]
                                  Ben Wright
                                  [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 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 RC 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). 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 licenses 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 combined with a subsequent mineral resource
calculation statement in December 2006 reported Inferred Mineral Resources, as
defined by the JORC Code standard of some 354,000 oz gold and 18.4Moz silver
within two project areas in El Salvador. In January 2008 an independent
competent person's report prepared by Geosure on a mineral resource calculation
of 39,000 oz gold and 1.7 Moz silver at the El Gigante prospect raised the
combined global resource estimates to some 506,104 oz gold and 20.1 Moz silver
within two project areas. In February 2008 an independent competent person's
report prepared by Geosure on a mineral resource calculation of 312,800 oz gold
and 275,900 oz silver at the La Calera prospect and 40,700 oz gold and 2.1 Moz
silver oxide material at the El Divisidero prospect, has raised the combined
global resource estimates as defined by JORC Code standards to some 747,000 oz
gold and 22.3 Moz 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. Drilling continues with
two drill rigs on two projects areas in Nicaragua.




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