Condor Resources Inc.
TSX VENTURE : CN

Condor Resources Inc.

October 12, 2007 15:08 ET

Condor Resources-Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2007) - Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce today that it has granted incentive stock options pursuant to its Stock Option Plan to directors, employees and consultants to acquire 370,000 shares in capital of the company. The 370,000 options are exercisable at a price of $0.78 per share for a term of five years expiring October 11, 2012. The options will vest subject to the Company's Stock Option Plan.

ON BEHALF OF THE BOARD

Patrick J. Burns, President & Chief Executive Officer

Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulatory authorities. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

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