Condor Resources Announces Approval of Dia FOR Cobreorco Project IN PERU
TSXV:CN WWW.CONDORRESOURCES.COM
CONDOR RESOURCES ANNOUNCES APPROVAL OF DIA FOR COBREORCO PROJECT IN PERU
Vancouver, B.C., June 12, 2025 - Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN)
is pleased to announce that the Declaración de Impacto Ambiental (“DIA”) for its Cobreorco
project has been approved by the Peruvian Ministry of Energy and Mines (“MEM”).
The DIA approval marks a key milestone in advancing the Cobreorco project, which is currently
being progressed through the permi ƫng process by a subsidiary of Teck Resources Limited
(“Teck”). Condor stands to benefit meaningfully from any explora Ɵon success at Cobreorco,
which targets gold-copper skarn and porphyry-style mineralizaƟon.
In December 2023, Condor entered into an op Ɵon and joint venture agreement with Teck, on
the Cobreorco copper- gold project. Under the agreement, Teck has the op Ɵon to earn a 55%
interest in Cobreorco over three years from the Permit Date by incurring US$4 million in
exploraƟon expenditures and making US$500,000 in cash payments. Upon exercising this first
opƟon, a dedicated holding company will be formed, a Ōer which Teck may further increase its
stake to 75% by spending an addi Ɵonal US$6 million in explora Ɵon and making further cash
payments of US$600,000.
Chris Buncic, President and CEO of Condor, commented, “We are very pleased to have reached
this important milestone with Teck. Cobreorco has the potenƟal to deliver substan Ɵal value to
our shareholders. Projects of this scale and quality are exceedingly rare, and we are only at the
beginning of what we believe will be an exciƟng journey with our partner.”
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 sulfida Ɵon epithermal system with disseminated precious metals mineraliza Ɵon with a
large lithocap altera Ɵon 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
conƟnue to advance these projects. The Company’s award-winning exploraƟon 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.
Follow Condor Resources (@CondorResources) on X and (@condor-resources) on LinkedIn.
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
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”, “an Ɵcipate”, “es Ɵmate” and other similar words, or
statements that certain events or condi Ɵons “may” or “will” occur. Such forward-looking
statements include, but are not limited to the Company’s expectaƟons with respect to the use of
proceeds raised under the Offering.
Although the Company believes that the expecta Ɵons reflected in applicable forward -looking
statements are reasonable, there can be no assurance that such expecta Ɵons will prove to be
correct. Such forward- looking statements are subject to risks and uncertain Ɵes, including risks
associated with the business of mineral explora Ɵon and development; con Ɵnued availability of
capital and financing; general poliƟcal and economic condiƟons, fluctuaƟons in metal prices and
other market-related risks, including any vola Ɵlity in the Company’s share price , that may cause
actual results, performance or developments to differ materially from those contained in such
statements. Therefore, readers are cau Ɵoned not to place undue reliance on forward -looking
statements and forward-looking informaƟon. Condor does not assume any obliga Ɵon to update
or revise its forward- looking statements, whether as a result of new informa Ɵon, future or
otherwise, except as required by applicable law.
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