CN.V · 2017-03-01 12:00:00

First Drill Hole Results, updates on the Ocros Project, Ancash, Peru

Drill Results

Vancouver, B.C., March 1, 2017 - Condor Resources Inc. - (“Condor” or the “Company”) (TSX.V: CN) The

Company has received from Compañia Minera Casapalca S.A. (“Casapalca”) the results of DDH -001, which drill hole was

completed by Casapalca in late 2016.

DDH-001 is located about 100m to the south of the old workings and adits, which run from east to w est. DDH-001, with an

azimuth of 285° and a dip of -75°, was completed to a depth of 500.5m, and is oriented to closely parallel the old workings.

Core samples were analyzed in 2m sample lengths, starting at 8.5m, and showed anomalous but uneconomic copper values

throughout the length of the hole. The best interval was from 98.5m to 100.5m, and reported 1.64% copper, and 2.7 g/t Au.

Ever Marquez, Condor’s V.P. Exploration noted “ The initial drill hole confirm ed the widespread presence of anomalous

copper throughout its length, typical of the periphery of a large porphyry system. We will use this information from DDH-

001 to help vector in on the core of the system with the next drill holes, expected to start shortly.”

Condor is finalizing the detailed agreement with Compañia Minera Virgen de la Merced S.A.C. (“Merced”) as per our news

release of January 31 st. We anticipate that Merced will commence their exploration program by the second quarter of 2017,

as permitting is in place.

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]

Mr. Brian D. Game, P.Geo, is the Qualified Person under NI 43 -101 who has approved the technical content of this news

release.

Quality Assurance/Quality Control: Drilling was performed by GeoDrill SAC of Peru. All technical information for the

Ocros project is obtained and report ed under a quality assurance and quality control program. Samples are shipped to and

assayed by SGS del Peru S.A.C. in Lima , a laboratory whose quality control system complies with International Standards

OHSAS 18001, ISO 14001 and ISO 9001 . A four-acid digestion system with 51 element ICP -MS analysis is conducted on

all samples, with silver, copper, lead and zinc being re -analyzed with atomic absorption spectrometry method when

analyzing over the ICP-MS limits. Gold is assayed using a fire assay with an atomic absorption spectrometry finish.

Systematic assaying of sample duplicates and commercially prepared blanks and standards is performed for analytical

reliability. Screen fire assays for gold may be carried out on selected samples. A secure chain of cu stody is maintained in

transporting and storing of all samples.

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

this press release relative to markets about anticipated future ev ents 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 r esult "may", "will", "should", "could" or "might" occur 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 forward -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 defi ned in the policies of the TSX Venture

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