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Condor Receives Final Drill Permit at Huinac Punta High-Grade Silver Prospect

Permits & Approvals

TSXV:CN WWW.CONDORRESOURCES.COM

Condor Receives Final Drill Permit at Huinac Punta High-Grade Silver Prospect

Vancouver, B.C., November 14, 2024 - Condor Resources Inc. ("Condor" or the "Company")

(TSXV:CN) is pleased to report that it has successfully completed the Consulta Previa process at

Huinac Punta and received the final IniƟaƟon of AcƟviƟes permit from the Ministry of Energy &

Mines. This is a criƟcal milestone for the Company, clearing the way for the planned exploraƟon

program at this highly prospecƟve project.

Chris Buncic, President & CEO of Condor, commented, “the comple Ɵon of the Consulta Previa

process at Huinac Punta and the Ini ƟaƟon of Ac ƟviƟes is a major turning point for the project.

Condor has been advancing this prospec Ɵve project for several years, first receiving its DIA or

principal permit in 2020. With this step behind us, the Company is preparing to kick off its maiden

drill program at Huinac Punta, and has la Ɵtude for several subsequent programs over the next

three years. We are excited to begin work in this highly prospec Ɵve belt that hosts a number of

the world’s largest base and precious metals mines.”

The Huiñac Punta project has the poten Ɵal to host a large, carbonate replacement style silver -

dominant polymetallic mineralized body. Based on sampling of exis Ɵng surface exposures,

mineralizaƟon includes high-grade Ag and elevated Cu, Zn, Pb and Co values. Evidence of

historical works from Spanish colonial Ɵmes is present with several accessible historical adits

showing evidence of the elevated silver values associated with disseminated grey and black

breccia-hosted sulfide material consisƟng of sphalerite, galena, chalcocite, bornite, covellite and

undetermined lead and silver sulphosalts. The first phase drill program will target geological and

geophysical features that suggest potenƟal for discovery of a bulk tonnage silver and base metals

deposit.

Technical Disclosure/Qualified Person

The scienƟfic and technical informaƟon in this press release has been reviewed and approved by

Dr. Quinton Hennigh, (P .Geo., PhD), a Qualified Person as defined in NaƟonal Instrument 43-101

and a Director of Condor Resources.

About Condor Resources Inc.

Condor Resources is a precious and base metals exploraƟon company focused on its porƞolio of

projects in Peru. The Company’s flagship project, Pucamayo, is an 85 km 2 property containing a

high sulfidaƟon epithermal system with disseminated precious metals mineralizaƟon with a large

lithocap alteraƟon visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco,

Peru, has the poten Ɵal to host a large carbonate replacement style (CRD) silver-dominant

polymetallic mineralized body with the potenƟal for discovery of a bulk tonnage silver and base

metals deposit. The Company has op Ɵoned several large projects to partners who con Ɵnue to

advance these projects. The Company’s award- winning explora Ɵon team in Peru has a long

history of success in discovering and advancing high quality explora Ɵon projects and managing

the social aspects of its exploraƟon acƟviƟes.

For more informaƟon, please visit the Company's website at www.condorresources.com.

ON BEHALF OF THE BOARD

Chris Buncic

President & Chief ExecuƟve Officer

For further informaƟon please contact the Company at 1-866-642-5707, or by email at

[email protected]

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable

securiƟes law. Forward-looking statements are frequently characterized by words such as “plan”,

“expect”, “project”, “intend”, “believe”, “anƟcipate”, “esƟmate” and other similar words, or

statements that certain events or condiƟons “may” or “will” occur.

Although the Company believes that the expectaƟons reflected in applicable forward-looking

statements are reasonable, there can be no assurance that such expectaƟons will prove to be

correct. Such forward-looking statements are subject to risks and uncertainƟes that may cause

actual results, performance or developments to differ materially from those contained in such

statements.

Neither the TSX Venture Exchange nor its RegulaƟon 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.