Condor Resources Closes Sale of Its Soledad Project
TSXV:CN WWW.CONDORRESOURCES.COM
CONDOR RESOURCES CLOSES SALE OF ITS SOLEDAD PROJECT
Vancouver, B.C., December 15, 2025 - Condor Resources Inc. ("Condor" or the "Company")
(TSXV:CN) is pleased to announce that its Peruvian subsidiary, Condor Explora Ɵon Perú S.A.C.
(“Condor Peru”), has closed the sale of a 100% interest in the Company’s Soledad project, located
in Ancash, Peru, pursuant to the terms previously announced on June 26 th, 2025, to Compañía
Minera Lincuna S.A. (“Lincuna”), a private mining company headquartered in Lima, Peru.
Under the terms disclosed in the Company’s June 26 th, 2025 press release , Condor Explora Ɵon
Perú S.A.C. ("Condor Peru"), a wholly owned subsidiary of Condor, has completed the sale of the
three mineral concessions comprising the Soledad project to Lincuna for ulƟmate total
consideraƟon of US$3,000,000 . In parallel, a Cesión Minera agreement allows the Purchaser to
immediately commence exploraƟon acƟviƟes on the project.
The total considera Ɵon payable by the Purchaser for the purchase of the Soledad project of
US$3,000,000, to be paid in the following installments:
US$100,000 payment was made upon execuƟon of the LOI (the “First Deposit”);
US$500,000 payment was made on closing and upon execuƟon of the defini Ɵve Mining
Assignment and OpƟon Agreement (the “DefiniƟve Agreement”); and
US$2,400,000 in twelve quarterly contracted payments of US$200,000 to be made over
three years.
Lincuna may accelerate payments at its discre Ɵon, but can extract and sell products from the
Property for the purpose of earning revenues only a Ōer the Op Ɵon has been completely
exercised. Upon exercise of the opƟon, Condor Peru will also be granted a 1% Net Smelter Returns
(NSR) royalty. Lincuna has also assumed the exis Ɵng 1% NSR royalty payable to Chakana
Resources S.A.C.
Chris Buncic, President and CEO of Condor, commented, “ We are pleased to have successfully
completed the sale of Soledad under the agreed terms, strengthening our balance sheet, as we
turn our immediate a ƩenƟon towards our highest -convicƟon discovery opportuni Ɵes in Peru .
Huiñac Punta represents a compelling opportunity to test a large – and largely untested – silver-
rich carbonate replacement system in a highly prospecƟve district. We are confirming our porƞolio
exploraƟon plans as well as aggressively evaluaƟng other business opportuniƟes.”
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 also opƟoned the Cobreorco project which targets gold-copper
skarn and porphyry-style mineralizaƟon to a subsidiary of Teck Resources Limited. 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 explora Ɵon
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” a nd 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 sale.
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 uncer tainƟes, 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 volaƟlity 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.
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.