Initiates Geophysics Program at Pucamayo East; Drilling commences at Chavin

Vancouver, B.C., August 8, 2018 - Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) Further to our news release of July 16th, we are pleased to announce that the additional ground geophysical surveys, consisting of IP and magnetics, has commenced at our Pucamayo East project.

The primary objective of the geophysics program is to extend to the south and to the east the principal drill target, and to define additional drill targets. (http://www.condorresources.com/i/maps/Pucamayo-East-Zone-Drill-Targets-Map.jpg)

The program will consist of approximately 23 line kilometers of Induced Polarization and Magnetometry and will extend coverage to the south and east of previous geophysics work. Proposed orientation and location of the lines is shown on our website (http://www.condorresources.com/i/maps/PUCAMAYO-IP-MAP.pdf).

The area of the geophysics work coincides with the large high sulphidation epithermal residual silica, and clay assemblages, previously mapped at Pucamayo East as a large epithermal and porphyry system.

The Company is also pleased to announce that drilling at our Chavin project has commenced. Chavin is subject to a production lease agreement with Compa�ia Minera Casapalca S.A., which agreement, amongst other conditions, requires a minimum of 1,000m of diamond drilling. Drilling is designed to test to depth polymetallic veins exposed at surface; the main vein has been traced on surface for over a kilometre, with widths of 2 to 5m.

Condor is an aggressive explorer focused exclusively on Peru, supplemented by a project generator and royalty model generating exploration capital whilst minimizing shareholder dilution. Our objective is the discovery of a major new precious metals or base metals deposit in Peru. 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 info@condorresources.com

Neither the TSX Venture Exchange nor its Regulation 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.

View News Release on the website:
http://www.condorresources.com/s/NewsReleases.asp?ReportID=833237