CN.V · 2017-10-25 12:00:00

Condor Updates Drill Results at Soledad Project, Peru

Drill Results

Vancouver, B.C., October 25, 2017 - Condor Resources Inc. - (“Condor” or the “Company”) (TSX.V: CN) is pleased

to provide the summary drill results from the ongoing diamond drill program at the Soledad project in the Ancash

Department, Peru.

Further to our news release of October 6th, results of the third, fourth, and fifth drillholes completed by Chakana Resources

S.A.C. were published today in a press release issued by Remo Resources Corp. (“Remo”). In a news release issued

October 6 th, 2017, Remo disclosed the proposed reverse takeover of Remo pursuant to an amalgamation agreement with

Chakana Copper Corp (“Chakana”), as well as the results from the first and second drill holes.

Chakana has the option to earn a 100% interest in Soledad, subject to a 2% net smelter return royalty in favour of Condor ,

by completing 12,500m of diamond drilling, making cash payments to Condor totalling US $5.375m, and issuing 500,000

Chakana shares to Condor.

SUMMARY RESULTS FOR FIRST FIVE DRILLHOLES OF 2017

DDH# Azimuth Dip From – To

(m)

Core

Length (m)*

g/t

SDH17-017 360° -85° 0 146.6 146.6 2.51 48.6 0.77

includes 0 44.0 44.0 3.92 29.6 -

includes 44.0 146.6 102.6 1.91 56.8 1.10

SDH17-018 297° -81° 0 209.0 209.0 2.22 69.6 0.96

includes 0 40.0 40.0 4.21 18.6 -

includes 40.0 114.0 74.0 3.31 65.5 1.11

includes 145.0 209.0 64.0 0.71 139.1 1.84

SDH17-019 235° -77° 0 21.0 21.0 4.06 24.4 -

and 87.0 124.0 37.0 0.80 136.1 2.20

and 205.0 230.3 25.3 1.72 221.4 1.64

SDH17-020 55° -87° 0 113.0 113.0 3.58 51.5 1.17

includes 0 43.0 43.0 4.11 31.8 -

includes 43.0 113.0 70.0 3.25 63.6 1.87

SDH17-021 55° -60° 0 36.8 36.8 4.42 23.2 -

*The true widths of the mineralized intervals reported are difficult to ascertain and additional drilling will be required to determine the

geometry of the mineralized zones.

To date, all Chakana’s drillholes have been located at breccia pipe #1, and are designed to provide detailed information on

the geometric size and mineralized grades of this tourmaline breccia pipe. It is expected up to 12 drill holes will be

completed at breccia pipe #1, and then the drill rig will be relocated to breccia pipe #5, where a similar program will be

undertaken.

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] OR

Renmark Financial Communications Inc.

Barry Mire: [email protected]

Tel: (416) 644-2020 or (514) 939-3989

www.renmarkfinancial.com

Mr. Brian D. Game, P.Geo, is the Qualified Person under NI 43 -101 who has approved the scientific and

technical content of this news release.

Quality Assurance/Quality Control. Chakana Resources S.A.C. are operators of the drill program, and have reported the

following QA/QC procedures : “All core drilled to date has been HQ diameter with down -hole surveying using a Reflex

tool. Drill core is photographed, logged and sampled at the project site. Core is split in half using a diamond saw with half

of the interval used for assay and the other half for permanent archive. Sample intervals are 1 metre in mineralized breccia

and 2 metres in un-mineralized host rock unless there is an important contact between these intervals. Samples for assay are

placed in individual plastic bags with a unique sample identification, sealed with a plastic zip tie, and stored in a secured

area until transport in batches to the ALS facility in Callao, Lima Peru. Samples are processed under the control of ALS

with the samples including certified reference materials, a coarse and finely -crushed blank and duplicates samples. All

samples are analyzed using the ME -MS41 procedure in order to obtain a comprehensive multi -element overview of the

geochemistry. Gold is analyzed by ME -MS41 (not considered reliable), AA24 (higher precision) and GRA22 when values

exceed 10 g/t. Over limit Silver, copper, lead and zinc is analyzed using the OG-46 procedures.”

Cautionary Statement Regarding Forward -Looking Information: All statements, trend analysis and other information contained in

this press release relative to markets about anticipated future events or results constitute forward -looking statements. Forward-looking

statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estima te", "expect"

and "intend" and statements that an event or result "may", "will", "should", "could" or "might" oc cur or be achieved and other similar

expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause

actual results of operations to differ materially from those contained in the forwa rd-looking statements. Forward-looking statements are

based on estimates and opinions of management at the date the statements are made. The Co mpany does not undertake any obligation to

update forward -looking statements even if circumstances or management' s estimates or opinions should change. Investors should not

place undue reliance on forward-looking statements.

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

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

← Back to feed