Condor Resources Inc.
TSX VENTURE : CN

Condor Resources Inc.

January 27, 2015 16:57 ET

Condor Announces CFO Appointment, and Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 27, 2015) - Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that Jonathan Younie has been appointed Chief Financial Officer, effective January 27, 2015. Since 2006, Mr. Younie has been the Manager, Corporate Finance and Accounting, of the New Dawn Group, an investment and financial consulting firm located in Vancouver, B.C., and a Director and/or Officer of various TSXV listed companies. New Dawn is primarily involved in corporate finance, merchant banking and administrative management of public companies. Prior to joining New Dawn, Mr. Younie held accounting positions at private and public companies including Ashton Mining of Canada, Inc. He currently serves as the Chief Financial Officer of Tyner Resources Ltd. and Gstaad Capital Corporation.

Mr. Younie takes over following the resignation of John Watt who has been with the Company since 2009. "On behalf of the Board of Directors, I want to thank John for his sound advice and contributions to the Company", stated Lyle Davis, President and CEO. "I am pleased to announce that John has agreed to join the Company's Advisory Board".

The Company also announces that it has granted 1,750,000 stock options to directors, officers, employees and consultants of Condor. The options were granted for a period of five years, expiring January 27, 2020, and each option will allow the holder to purchase a common share of Condor at an exercise price of $0.05.

Condor is a project generator focused exclusively on Peru and Chile, 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

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 Company 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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