Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) is pleased
to advise that it has signed an Exclusivity & Access agreement with MMG Chile
Exploration SPA ("MMG"), a subsidiary of MMG Limited, regarding Condor's
Brahma/Austral project in southern Chile. 


The agreement gives MMG an exclusivity period of 270 days to conduct a mandatory
due diligence program at Brahma/Austral, which is expected to include an
airborne magnetics survey, and follow up mapping and sampling. Three months
prior to the expiry of the exclusivity period, MMG are required to declare if
they intend to proceed with an option agreement on the project.


If MMG decide to proceed with an option agreement, they will be required to
complete cumulative exploration expenditures of US$7 million, and complete a
Preliminary Economic Assessment, both within 6 years of execution of the option
agreement, in order to earn a 70% interest in Brahma/Austral.


Patrick Burns, President, said, "We are very pleased to see a company of MMG's
standing make a commitment to conduct further exploration at Brahma. The large
area covered by the concessions and the size of the multiple porphyry copper
targets make MMG an ideal partner."


The Brahma/Austral concessions cover some 186 sq km situated southeast of the
city of Talca in southern Chile. It is located on southern extensions of the
prolific West Fissure fault system, the continental scale structure which
controls most of the large world class copper deposits within the central Andes,
including the El Teniente mine located 200 km to the north.


About MMG:

MMG Limited is a mid-tier global resources company which explores, develops and
mines base metal projects around the world. It is headquartered in Melbourne,
Australia and listed on the Hong Kong Stock Exchange. MMG owns and operates the
Century, Golden Grove and Rosebery mines in Australia, the Kinsevere mine in the
Democratic Republic of Congo and the LXML Sepon mine in Laos. Its major
development projects include the Dugald River and Izok Corridor base metals
project in Nunavut, north-west Canada. MMG also has significant exploration
projects and partnerships in Australia, Africa and the Americas. It is one of
the world's largest producers of zinc and also produces significant amounts of
copper, lead, gold and silver. For further information visit www.mmg.com. 


About Condor Resources Inc.:

Condor was incorporated in 2003 by field exploration specialists focused on the
generation of precious and base metals projects in South America, where
management has extensive experience and a proven track record. The Company's
long term objective is the discovery of a major precious/base metals deposit
through its portfolio of properties in Peru and Chile.


ON BEHALF OF THE BOARD

Lyle Davis, Chief Executive Officer

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", "estimate",
"expect" and "intend" and statements that an event or result "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 Corporation 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 Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Condor Resources Inc.
Lyle Davis
Chief Executive Officer
1-866-642-5707
info@condorresources.com
www.condorresources.com
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