Condor Resources Inc.
TSX VENTURE : CN

Condor Resources Inc.

August 18, 2010 12:14 ET

Condor Exploration Peru S.A.C. Wins Prestigious Award

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2010) - Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that its wholly-owned subsidiary, Condor Exploration Peru S.A.C., was the recipient of the 2009 Peruvian Company of the Year award for leadership and excellence in the mining category, presented at an awards dinner in Lima on June 30, 2010, by the 'Peruvian Company of the Year' Civil Association. The national awards, which have been in existence for more than 14 years, are given in several industry classifications, and are presented on an annual basis to those organizations and institutions which meet the criteria of the Association's evaluation committee. Criteria include leadership, trajectory, growth potential, standards of quality, productivity and competitiveness, as well as social and labour support. Sources of information used in the evaluation process include the Peruvian National Institute of Statistics, the National Society of Peruvian Industry, and the Peruvian Chamber of Commerce, among others.

The award was accepted by Sr. Ever Marquez, Condor's V.P. of Exploration, and General Manager of Condor Exploration Peru. Condor's President and CEO, Patrick J. Burns, also attended the award ceremonies, and stated, "We are extremely pleased to see Sr. Marquez and his team in Lima be recognized by their peers, and it is a testament to their integrity and hard work towards making Condor a success story." Prior to joining Condor in 2007, Sr. Marquez was the recipient of an award from a major international mining company in recognition for his discovery of a high grade gold-silver district in southern Peru.

About Condor Resources Inc.

Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of gold and copper projects in South America, where management has extensive experience and a proven track record of discovery. The Company's long term objective is the discovery of a major new gold and/or base metal deposit, and its business plan offers shareholders access to an exciting and growing portfolio of discovery stage properties, including six 100% owned projects in Chile, and seven projects in Peru, each offering a unique path to discovery.

ON BEHALF OF THE BOARD

Patrick J. Burns, President & 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.

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