Condor Arranges $200,000 Private Placement Financing

Condor Arranges $200,000 Private Placement Financing

Vancouver, B.C., October 30, 2019 - Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN) is pleased to

announce that it has arranged a non brokered private placement to raise gross proceeds of up to $200,000. Closing is subject

to regulatory approval, and is anticipated to occur within five business days.

The private placement will consist of 4 million units priced at $0.05 per unit, with each unit consisting of one common share

and one share purchase warrant. Each warrant will be exercisable at $0.10 into one common share for a period of three years.

No commissions or finder's fees are payable on the private placement.

All of the securities issued pursuant to this private placement will be subject to a four month hold period. Proceeds will be

used for working capital.

Condor is an active explorer focused exclusively on Peru, supplemented by a project generator and royalty model designed

to generate exploration capital whilst minimizing shareholder dilution. Our objective in advancing our portfolio of projects

is the discovery of a major new precious metals or base metals deposit in Peru . Project acquisition and exploration activities

are managed by the Company’s Lima based exploration team.

ON BEHALF OF THE BOARD

Lyle Davis,

President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)

accepts responsibility for the adequacy or accuracy of this news release.