CN.V · 2018-07-16 12:00:00

Condor Provides Updates on Pucamayo, Huiñac Punta, and Andrea Projects

Corporate Updates

Vancouver, B.C., July 16, 2018 - Condor Resources Inc. - (“Condor” or the “Company”) (TSX.V: CN) is pleased to

provide updates on the Pucamayo, Huiñac Punta, and Andrea projects.

At the Pucamayo project, the Company has received written confirmation from the Peruvian Ministry of Energy and Mines

(“MEM”) that the expiry date of the previously granted 'Declaración de Impacto Ambiental' ("DIA") for Pucamayo east has

now been extended to March 2020. The Company has completed archeological studies, acquired the water permit, and have

been advised by the MEM the area does not require a ‘consulta previa’. The Company can now submit its ‘Inicio Actividad’,

and with the recent changes in the mining regulations, approval is expected quickly. Additional ground geophysical surveys,

consisting of IP and magnetics, will extend coverage to the south and east of previous work. The Company recently acquired

by staking an additional 2 sq km within the project, bringing the total area of the Pucamayo Project to 115 sq km.

At the Huiñac Punta project, discussions with two communities regarding the long term surface rights and access agreement

have progressed well, and the two communities have both scheduled their general assemblies for the third week in July. The

agreement with the first community is for surface rights for exploration work, and the agreement with the second community

is for surface rights to access the project. In parallel, o ur environmental consultant has collected the field data required to

prepare their report in support of the DIA application, including the archeological certificate.

At the Andrea project, the Company has initiated discussions with the local community regarding an access and surface rights

agreement. Our environmental consultant has completed the archeological studies and the environmental baseline sampling.

The consultants final report will be submitted as part of the Company’s DIA application.

Condor is an explorer and project generator focused exclusively on Peru, and our objective is the discovery of a major new

precious metals or base metals deposit. Project acquisition and development is managed by our 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.